The Future is Wild Limited 03867801 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the exploitation of all intellectual property rights associated with the concept “The Future is Wild”. The company ceased trading on 31 May 2015 Digita Accounts Production Advanced 6.30.9574.0 true J Adams G V Sieber J Adams 03867801 2022-06-01 2023-05-31 03867801 2023-05-31 03867801 bus:OrdinaryShareClass1 2023-05-31 03867801 bus:OrdinaryShareClass2 2023-05-31 03867801 core:RetainedEarningsAccumulatedLosses 2023-05-31 03867801 core:ShareCapital 2023-05-31 03867801 core:SharePremium 2023-05-31 03867801 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 03867801 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 03867801 core:FurnitureFittingsToolsEquipment 2023-05-31 03867801 bus:FRS102 2022-06-01 2023-05-31 03867801 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 03867801 bus:FullAccounts 2022-06-01 2023-05-31 03867801 bus:RegisteredOffice 2022-06-01 2023-05-31 03867801 bus:CompanySecretary1 2022-06-01 2023-05-31 03867801 bus:Director1 2022-06-01 2023-05-31 03867801 bus:Director4 2022-06-01 2023-05-31 03867801 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 03867801 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 03867801 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 03867801 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 03867801 countries:EnglandWales 2022-06-01 2023-05-31 03867801 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-31 03867801 core:FurnitureFittingsToolsEquipment 2022-05-31 03867801 2021-06-01 2022-05-31 03867801 2022-05-31 03867801 bus:OrdinaryShareClass1 2022-05-31 03867801 bus:OrdinaryShareClass2 2022-05-31 03867801 core:RetainedEarningsAccumulatedLosses 2022-05-31 03867801 core:ShareCapital 2022-05-31 03867801 core:SharePremium 2022-05-31 03867801 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 03867801 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-31 03867801 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03867801


The Future is Wild Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

The Future is Wild Limited

Contents

Profit and Loss Account

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Future is Wild Limited

Profit and Loss Account for the Year Ended 31 May 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

The Future is Wild Limited

(Registration number: 03867801)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

-

-

 

-

-

Creditors: Amounts falling due after more than one year

6

(129,244)

(129,244)

Net liabilities

 

(129,244)

(129,244)

Capital and reserves

 

Called up share capital

7

983,063

983,063

Share premium reserve

1,421,337

1,421,337

Profit and loss account

(2,533,644)

(2,533,644)

Total equity

 

(129,244)

(129,244)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 February 2024 and signed on its behalf by:
 

J Adams
Director

 

The Future is Wild Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Staverton Court
Staverton
Cheltenham
Gloucestershire
GL51 0UX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Development costs
Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

The Future is Wild Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the Balance Sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the Profit and Loss Account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

 

The Future is Wild Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Intangible assets

Development costs
 £

Cost or valuation

At 1 June 2022

85,250

At 31 May 2023

85,250

Amortisation

At 1 June 2022

85,250

At 31 May 2023

85,250

Carrying amount

At 31 May 2023

-

At 31 May 2022

-

5

Tangible assets

Fixtures, fittings and equipment
 £

Cost or valuation

At 1 June 2022

35,818

At 31 May 2023

35,818

Depreciation

At 1 June 2022

35,818

At 31 May 2023

35,818

Carrying amount

At 31 May 2023

-

At 31 May 2022

-

6

Creditors

2023
£

2022
£

Due after one year

Amounts due to group undertakings and undertakings in which the company has a participating interest

129,244

129,244

 

The Future is Wild Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.10 each

155,508

15,551

155,508

15,551

Deferred Ordinary shares of £0.10 each

9,675,120

967,512

9,675,120

967,512

 

9,830,628

983,063

9,830,628

983,063