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FERAL INTERACTIVE LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 March 2019 |
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FERAL INTERACTIVE LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 March 2019 |
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FERAL INTERACTIVE LIMITED (REGISTERED NUMBER: 03828254) |
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Contents of the Financial Statements |
for the year ended 31 March 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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FERAL INTERACTIVE LIMITED |
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Company Information |
for the year ended 31 March 2019 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
FERAL INTERACTIVE LIMITED (REGISTERED NUMBER: 03828254) |
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Balance Sheet |
31 March 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
7 |
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Net assets |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings |
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Shareholders' funds |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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FERAL INTERACTIVE LIMITED (REGISTERED NUMBER: 03828254) |
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Notes to the Financial Statements |
for the year ended 31 March 2019 |
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1. | Statutory information |
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Feral Interactive Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Leased assets |
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to |
ownership. All other leases are classified as operating leases. The rights of use and obligations under finance |
leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, |
if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between |
the finance charge and the reduction in the outstanding liability using the effective interest rate method. The |
finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest |
on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's |
policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of |
the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease |
payments are recognised as an expense on a straight line basis over the lease term. |
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Total future minimum payments under non-cancellable operating leases are £53,688 (2018: £53,688). |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
FERAL INTERACTIVE LIMITED (REGISTERED NUMBER: 03828254) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2019 |
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2. | Accounting policies - continued |
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Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment |
losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price |
including any transaction costs and subsequently measured at amortised cost determined using the effective |
interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other |
financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently |
measured at amortised cost determined using the effective interest method. |
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Foreign currency |
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the |
transaction. At the end of each reporting period foreign currency monetary items are translated at the closing |
rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at |
the date of the transaction. All differences are charged to profit or loss. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 April 2018 |
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Additions |
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At 31 March 2019 |
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Depreciation |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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Net book value |
At 31 March 2019 |
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At 31 March 2018 |
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5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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FERAL INTERACTIVE LIMITED (REGISTERED NUMBER: 03828254) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2019 |
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6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Finance leases |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Finance leases |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary A | 10p | 9,000 | - |
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Ordinary B | 10p | 1,000 | - |
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Ordinary | 10p | - | 10,000 |
10,000 | 10,000 |
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9. | Director's advances, credits and guarantees |
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The following advances and credits to a director subsisted during the years ended 31 March 2019 and |
31 March 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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