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Unaudited Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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Investing Future Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2017 |
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for |
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Investing Future Limited |
Investing Future Limited (Registered number: 09421089) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Investing Future Limited |
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Company Information |
for the Year Ended 31 July 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Investing Future Limited (Registered number: 09421089) |
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Statement of Financial Position |
31 July 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Investments | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Investing Future Limited (Registered number: 09421089) |
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Statement of Financial Position - continued |
31 July 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Investing Future Limited (Registered number: 09421089) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
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1. | STATUTORY INFORMATION |
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Investing Future 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. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements cover the company as an individual entity, have been prepared under the |
historical cost convention and are presented in Pounds Sterling (£) being the functional currency. |
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The financial statements have been prepared on the assumption that the company is able to carry on |
business as a going concern, which the directors consider appropriate having regard to the company's |
current and expected performance. |
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Preparation of consolidated financial statements |
The financial statements contain information about Investing Future Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised |
in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair |
value with changes recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax if applicable. 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 statement of financial position date. |
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Current asset investments |
Current asset investments are valued at cost less provision for impairment. |
Investing Future Limited (Registered number: 09421089) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 August 2016 |
and 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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The amounts owed by group undertakings are unsecured, repayable on demand and interest free. |
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6. | CURRENT ASSET INVESTMENTS |
2017 | 2016 |
£ | £ |
Listed investments | 13,957 | 3,271 |
Market value of listed investments at 31 July 2017 - £ 13,118 (2016 - £ 3,883 ). |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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Investing Future Limited (Registered number: 09421089) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
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9. | FIRST YEAR ADOPTION |
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These financial statements are the first that comply with Financial Reporting Standard (FRS) 102 - |
section 1.A Small Entities. The company's transition date was 1 August 2015. The transition to FRS 102 |
has not resulted in any transitional adjustments as a result of accounting policy changes to comply with |
the new reporting standard. |
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