Abbreviated Company Accounts - FORECAST FEATURES LIMITED

Abbreviated Company Accounts - FORECAST FEATURES LIMITED

FORECAST FEATURES LIMITED - Company Information

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Registered Number 08021577

FORECAST FEATURES LIMITED

Abbreviated Accounts

30 April 2016

FORECAST FEATURES LIMITED Registered Number 08021577

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Investments 2 100 100
100 100
Current assets
Debtors 3 91,901 91,901
Cash at bank and in hand 2,004 2,263
93,905 94,164
Net current assets (liabilities) 93,905 94,164
Total assets less current liabilities 94,005 94,264
Total net assets (liabilities) 94,005 94,264
Capital and reserves
Called up share capital 4 100,001 100,001
Profit and loss account (5,996) (5,737)
Shareholders' funds 94,005 94,264
  • For the year ending 30 April 2016 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 25 January 2017

And signed on their behalf by:
Douglas Abbott, Director

FORECAST FEATURES LIMITED Registered Number 08021577

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The company is a parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The financial statements have been prepared on a going concern basis on the grounds that funding will be adequate to continue trading in the current capacity for at least twelve months from the date of the approval of the accounts.

Turnover policy
Turnover represents fees received for the provision of services related to the business of film production. All amounts are shown exclusive of value added tax.

Valuation information and policy
Investments held as fixed assets are shown at cost less provision for impairment (if any) as assessed by the directors.

2Fixed assets Investments
Investments in subsidiary company

Shares in group undertakings
Cost or valuation as at 30th April 2016 (and 2015): £100
Net Book Value as at 30th April 2016 (and 2015): £100

The following was a subsidiary undertaking of the company:

Name: Soulmatefilm Limited
Class of share: ordinary
Holding: 100%
Business: Film production
Country of incorporation: England and Wales

The aggregate share capital and reserves as at 18th November 2015 and of the profit or loss for the year ended on the date for the subsidiary undertaking were as follows:

Soulmatefilm Limited
Aggregate of share capital and reserves: £(139,646) (as at 18th November 2014 = £(146,034))
Profit: £6,388 (2014 = loss £(4,931))

3Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 91,900 91,900

Represents amounts due by group undertakings and secured on the assets of those group undertakings, but payment is contingent on future income derived from film exploitation.

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
10,000,100 Ordinary shares of £0.01 each 100,001 100,001