Prospective Futures Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05715832 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 September 2013 to 31 July 2014

for

Prospective Futures Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Clarke

REGISTERED OFFICE:

2 Second Avenue

Billericay

Essex

CM12 9PR

REGISTERED NUMBER:

05715832 (England and Wales)

ACCOUNTANTS:

Accountants For Traders Limited

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Investments

2

661,293

1,011,535

CURRENT ASSETS

Cash at bank

2

11,631

CREDITORS

Amounts falling due within one year

142,198

168,318

NET CURRENT LIABILITIES

(142,196

)

(156,687

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

519,097

854,848

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

519,096

854,847

SHAREHOLDERS' FUNDS

519,097

854,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 May 2015 and were signed by:

Mr D Clarke - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and are in accordance with

applicable accounting standards.

Turnover

Turnover represents the profit share received from Inventive Investments LLP.

2.	FIXED ASSET INVESTMENTS

The amount included as a Fixed Asset Investment represents the company's capital account outstanding as at the

balance sheet date in Inventive Investments LLP.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

1

4.	RELATED PARTY DISCLOSURES

During the period under review the company has been a corporate partner in Inventive Investments LLP. As at
the balance sheet date, the fixed asset investment of £661,293 (2013: £1,011,535) is made up of the capital account balance that the company has in the LLP. The director of the company, Mr D Clarke, is also a designated member of the LLP .

During the period Mr D Clarke, a director of the company, received dividends of £25,200 (2013: £25,260)..

During the period under review, the director, Mr D Clarke introduced £20,770 to the company (2013: £32,903). This therefore leaves £141,853 (2013: £121,083) held under creditors due within one year. The loan is made to the company interest free and was repayable on demand

Prospective Futures Ltd - Limited company - abbreviated - 11.6

Prospective Futures Ltd - Limited company - abbreviated - 11.6