Abbreviated Company Accounts - FUTURE REAL ESTATE LIMITED

FUTURE REAL ESTATE LIMITED - Company Information

07291933 FUTURE REAL ESTATE LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 07291933 2015-01-01 2015-12-31 07291933 2015-12-31 07291933 2014-12-31 07291933 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07291933 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07291933

FUTURE REAL ESTATE LIMITED

Abbreviated Accounts

31 December 2015

FUTURE REAL ESTATE LIMITED Registered Number 07291933

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,000	6,000
Investments	3	714,200	714,200
		720,200	720,200
Current assets
Cash at bank and in hand		185	199
		185	199
Creditors: amounts falling due within one year		(763,064)	(759,321)
Net current assets (liabilities)		(762,879)	(759,122)
Total assets less current liabilities		(42,679)	(38,922)
Total net assets (liabilities)		(42,679)	(38,922)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(42,680)	(38,923)
Shareholders' funds		(42,679)	(38,922)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 October 2016

And signed on their behalf by:
Mrs Pamela Randall, Director

FUTURE REAL ESTATE LIMITED Registered Number 07291933

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern
The financial statements have been prepared on a going concern basis.

Investment properties
No depreciation has been provided on the freehold property as required by SSAP12 nor has the property been revalued to current market value as required by SSAP19

Fixed asset investments
The investment is stated at cost and the directors consider that the value of the investment is in excess of the amount shown in the Financial statements

Foreign currency
Issued share capital is translated into Euros at the rate of exchange ruling on the date of issue
All other assets and liabilities denominated in foreign currencies are translated into Euros at the rate of exchange ruling on the balance sheet date
Income received and expenditure incurred in foreign currencies is translated into euros at the rate of exchange ruling on the date the transaction took place

2Tangible fixed assets

	£
Cost
At 1 January 2015	6,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	6,000
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	6,000
At 31 December 2014	6,000

3Fixed assets Investments
At cost

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1