Cake Positive Limited - Period Ending 2016-02-29

Registration number: 07842738

Cake Positive Limited

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Cake Positive Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cake Positive Limited
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cake Positive Limited for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cake Positive Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cake Positive Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cake Positive Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cake Positive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cake Positive Limited. You consider that Cake Positive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cake Positive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Morgan Cameron Limited
Chartered Accountants
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE

25 October 2016

Page 1

Cake Positive Limited
(Registration number: 07842738)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Investments					145,010			145,010
Current assets
Debtors					601			601
Creditors: Amounts falling due within one year					(144,810)			(144,810)
Net current liabilities					(144,209)			(144,209)
Net assets					801			801
Capital and reserves
Called up share capital		3			601			601
Capital redemption reserve					200			200
Shareholders' funds					801			801

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 25 October 2016 and signed on its behalf by:

......................................... A D Poole Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cake Positive Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

		Investments £			Total £
Cost
At 1 March 2015		145,010			145,010
At 29 February 2016		145,010			145,010
Depreciation
At 29 February 2016		-			-
Net book value
At 29 February 2016		145,010			145,010
At 28 February 2015		145,010			145,010

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Juice Moving Images Limited		Ordinary shares	100%	Creation of communications products

The profit for the financial period of Juice Moving Images Limited was £106,917 and the aggregate amount of capital and reserves at the end of the period was £479,021.

Page 3

Cake Positive Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £0.01 each		60,000			600			60,000			600
Ordinary B Shares of £0.01 each		100			1			100			1
		60,100			601			60,100			601

Page 4