IRIS Accounts Production v24.2.0.383 SC568955 director 1.7.22 30.11.23 30.11.23 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5689552022-06-30SC5689552023-11-30SC5689552022-07-012023-11-30SC5689552021-06-30SC5689552021-07-012022-06-30SC5689552022-06-30SC568955ns15:Scotland2022-07-012023-11-30SC568955ns14:PoundSterling2022-07-012023-11-30SC568955ns10:Director12022-07-012023-11-30SC568955ns10:PrivateLimitedCompanyLtd2022-07-012023-11-30SC568955ns10:SmallEntities2022-07-012023-11-30SC568955ns10:AuditExemptWithAccountantsReport2022-07-012023-11-30SC568955ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-11-30SC568955ns10:SmallCompaniesRegimeForAccounts2022-07-012023-11-30SC568955ns10:FullAccounts2022-07-012023-11-30SC56895512022-07-012023-11-30SC568955ns10:RegisteredOffice2022-07-012023-11-30SC568955ns5:CurrentFinancialInstruments2023-11-30SC568955ns5:CurrentFinancialInstruments2022-06-30SC568955ns5:ShareCapital2023-11-30SC568955ns5:ShareCapital2022-06-30SC568955ns5:SharePremium2023-11-30SC568955ns5:SharePremium2022-06-30SC568955ns5:RetainedEarningsAccumulatedLosses2023-11-30SC568955ns5:RetainedEarningsAccumulatedLosses2022-06-30SC568955ns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-012023-11-30SC568955ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30SC568955ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: SC568955 (Scotland)















Unaudited Financial Statements

for the Period 1 July 2022 to 30 November 2023

for

Forecast International Limited

Forecast International Limited (Registered number: SC568955)






Contents of the Financial Statements
for the Period 1 July 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Forecast International Limited

Company Information
for the Period 1 July 2022 to 30 November 2023







DIRECTOR: N Macdonald





REGISTERED OFFICE: 11 Comiston Springs Avenue
Edinburgh
EH10 6NT





REGISTERED NUMBER: SC568955 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP

Forecast International Limited (Registered number: SC568955)

Balance Sheet
30 November 2023

30.11.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 23,725
Investments 5 - 24,884
- 48,609

CURRENT ASSETS
Debtors 6 16,163 155,323
Cash at bank 543 -
16,706 155,323
CREDITORS
Amounts falling due within one year 7 8,279 18,947
NET CURRENT ASSETS 8,427 136,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,427

184,985

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 36,480 36,480
Retained earnings (28,153 ) 148,405
SHAREHOLDERS' FUNDS 8,427 184,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:




N Macdonald - Director


Forecast International Limited (Registered number: SC568955)

Notes to the Financial Statements
for the Period 1 July 2022 to 30 November 2023

1. STATUTORY INFORMATION

Forecast International Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents royalties income for the ongoing use of the intellectual property and sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property and website development costs are being amortised evenly over their estimated useful life of ten and three years, respectively.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS

During the period, the Intellectual Property was sold to Forecast Financial Modelling Pty Ltd for £1.
Forecast Financial Modelling Pty Ltd is an Australian registered company owned by Gregory John Norman, who is a director and former director of Forecast International Limited.

5. FIXED ASSET INVESTMENTS

Fixed Asset Investments represent unlisted shares. The directors have reviewed the net realisable value and consider this to be in line with cost. During the period, these unlisted shares were transferred into the names of the directors at cost value

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.6.22
£    £   
Other debtors - 80
Due from related parties - 155,243
VAT 16,163 -
16,163 155,323

Forecast International Limited (Registered number: SC568955)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.6.22
£    £   
Bank loans and overdrafts - 795
Taxation and social security - 18,152
Other creditors 8,279 -
8,279 18,947

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Forecast International Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forecast International Limited for the period ended 30 November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Forecast International Limited in accordance with the terms of our engagement letter dated 5 December 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Forecast International Limited and state those matters that we have agreed to state to the director of Forecast International Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Forecast International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forecast International Limited. You consider that Forecast International Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Forecast International 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 financial statements.






Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP


16 August 2024