|
|
|
|
CAPTAIN FANTASTIC ENTERPRISES LIMITED
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Captain Fantastic Enterprises Limited is a private limited liability company registered in England and Wales. Its registered office and business address is Hythe House, 200 Shepherds Bush Road, London, W6 7NL.
The principal activity of the company is that of the exploitation of artwork.
The company's functional and presentational currency is £ sterling.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
No amortisation is provided for until the company starts to generate income from the expolitation of the digital image rights.
|
|
|
Basic financial instruments
|
The company only enters into transactions that result in basic financial instruments such as other creditors and loans from related parties.
Other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method.
|
|
The average monthly number of employees, including directors, during the year was 1 (2021 - 1).
|
|
