Company Registration No. 07328379 (England and Wales)
BEYOND FOOTPRINT LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018
PAGES FOR FILING WITH REGISTRAR
BEYOND FOOTPRINT LTD
CONTENTS
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3 - 6
BEYOND FOOTPRINT LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2018
- 1 -
The directors present their annual report and financial statements for the year ended 31 October 2018.
Principal activities
The principal activity of the company continued to be that of a holding company.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mrs D Alexander
(Resigned 8 October 2018)
Mr P Alexander
Mr W De La Poer Beresford
Mr A Davies
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr P Alexander
Director
30 July 2019
BEYOND FOOTPRINT LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2018
31 October 2018
- 2 -
2018
2017
Notes
£
£
£
£
Non-current assets
Investments
2
2,235,515
2,235,515
Current assets
Trade and other receivables
4
69
69
Net current assets
69
69
Total assets less current liabilities
2,235,584
2,235,584
Non-current liabilities
5
(159,202)
(159,202)
Net assets
2,076,382
2,076,382
Equity
Called up share capital
6
1,647
1,647
Share premium account
1,681,902
1,681,902
Retained earnings
392,833
392,833
Total equity
2,076,382
2,076,382
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 October 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 July 2019 and are signed on its behalf by:
Mr P Alexander
Director
Company Registration No. 07328379
BEYOND FOOTPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018
- 3 -
1
Accounting policies
Company information
Beyond Footprint Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Woodcock House, Gibbard Mews, High Street, Wimbledon, SW19 5BY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Income statement
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Income statement is presented
in these financial statements.
1.3
Non-current investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities
.
1.4
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
BEYOND FOOTPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2018
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade payables
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities. Trade payables are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Fixed asset investments
2018
2017
£
£
Investments
2,235,515
2,235,515
BEYOND FOOTPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2018
2
Fixed asset investments
(Continued)
- 5 -
Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 1 November 2017 & 31 October 2018
2,235,515
Carrying amount
At 31 October 2018
2,235,515
At 31 October 2017
2,235,515
3
Subsidiaries
Details of the company's subsidiaries at 31 October 2018 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office key
shares held
Direct
Indirect
Beyond Analysis Australia Pty Ltd
1
Data Insight Management and Technology
Ordinary
51.00
Beyond Analysis Inc
2
Data Insight Management and Technology
Ordinary
100.00
Beyond Analysis Limited
3
Data Insight Management and Technology
Ordinary
100.00
Beyond Analysis Pte Ltd
4
Data Insight Management and Technology
Ordinary
80.00
Registered Office addresses:
1
Level 4, 249 Pitt Street, Sydney, NSW 2000, Australia
2
Suite 115, 3005 Center Green Drive, Boulder CO 80301 USA
3
Woodcock House, Gibbard Mews, high street, Wimbledon, SW19 5BY UK
4
16 Raffles Quay, 33-03, Hong Leong building, Singapore 048451
BEYOND FOOTPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2018
3
Subsidiaries
(Continued)
- 6 -
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
Beyond Analysis Australia Pty Ltd
-
39,233
Beyond Analysis Inc
-
(300,794)
Beyond Analysis Limited
(294,749)
240,641
Beyond Analysis Pte Ltd
-
724
4
Trade and other receivables
2018
2017
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
69
69
5
Non-current liabilities
2018
2017
£
£
Other payables
159,202
159,202
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
164,700 Ordinary shares of 1p each
1,647
1,647