Company Registration No. 06308599 (England and Wales)
AFFLUENT FUTURES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
AFFLUENT FUTURES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
AFFLUENT FUTURES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
554
739
Investments
2
51
50
605
789
Current assets
Debtors
1,419
1,234
Cash at bank and in hand
6,891
1,513
8,310
2,747
Creditors: amounts falling due within one year
(1,761)
(2,110)
Net current assets
6,549
637
Total assets less current liabilities
7,154
1,426
Provisions for liabilities
(100)
(148)
7,054
1,278
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
7,052
1,276
Shareholders' funds
7,054
1,278
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 December 2016
I Rogers
Director
Company Registration No. 06308599
AFFLUENT FUTURES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
AFFLUENT FUTURES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2015
4,339
50
4,389
Additions
-
1
1
At 31 March 2016
4,339
51
4,390
Depreciation
At 1 April 2015
3,600
-
3,600
Charge for the year
185
-
185
At 31 March 2016
3,785
-
3,785
Net book value
At 31 March 2016
554
51
605
At 31 March 2015
739
50
789
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
AF Consulting (PFI Support) Limited
United Kingdom
Ordinary shares
50.00
Roma Capital Limited
United Kingdom
Ordinary shares
50.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
AF Consulting (PFI Support) Limited
Facilities management consultancy activities
29,259
31,852
Roma Capital Limited
Special funding vehicle for infrastructure projects
(59)
(61)
AFFLUENT FUTURES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2