Who will win at the BAFTA Awards?

BAFTA Awards
The seating plan for the annual BAFTA Awards at the Royal Opera House, London, February 11, 2016. Mike Marsland/WireImage

The annual British Academy of Film and Television Arts (BAFTA) Awards is taking place on Valentine's Day, once again in London's Royal Opera House.

Arguably the U.K. film industry's most prestigious night, the BAFTAs are considered the last reliable indicator of Oscar success before the Academy of Motion Picture Arts and Sciences rolls out its own red carpet in Hollywood on February 28.

Returning for his 12th round as host, Stephen Fry will provide one of the night's only certainties. With everything else up for grabs, we take a look at how the main BAFTA awards will likely be divided.

Best Film

Nominees: The Revenant, The Big Short, Carol, Spotlight, Bridge of Spies

Predicted winner: The Revenant

Close second: Carol

The dense subject matters depicted and challenged in the roster is truly worthy of the category. But The Revenant is the most predicted to tower above all contenders.

Best Actor

Nominees: Leonardo DiCaprio (The Revenant), Eddie Redmayne (The Danish Girl), Matt Damon (The Martian), Bryan Cranston (Trumbo), Michael Fassbender (Steve Jobs)

Predicted winner: Leonardo DiCaprio

What would Kanye West say? "Leonardo DiCaprio put in one of the best performances of all time."

Newsweek has previously noted several reasons why DiCaprio deserves to take home all the acting awards on offer this season. Neither Eddie Redmayne in his stunning portrayal of transgender rights leader Lili Elbe, or Michael Fassbender as the mercurial Apple founder Steve Jobs were required to sleep in the remains of a dead animal. Leo was and did.

Best Actress

Nominees: Brie Larson (Room), Saoirse Ronan (Brooklyn), Cate Blanchett (Carol), Alicia Vikander (The Danish Girl), Maggie Smith (The Lady in the Van)

Predicted winner: Brie Larson

Who should win: Maggie Smith

Why: Professor McGonagall

Dame Maggie Smith deserves her own annual category exclusively devoted to reminding the world of her time performing alongside Laurence Olivier; or perhaps as Whoopi Goldberg's moral compass in Sister Act ; maybe even just when morphed into the greatest Transfiguration professor Hogwarts has ever known.

That won't happen, so it's left to Golden Globe winner Brie Larson to fend off awards veteran Cate Blanchett, whose turn in Todd Hayne's Carol should arguably win her the award that will soon be nestled on Larson's mantelpiece.

Best Director

Nominations: Adam McKay (The Big Short), Steven Spielberg (Bridge of Spies), Todd Haynes (Carol), Ridley Scott (The Martian), Alejandro Innaritu (The Revenant)

Predicted Winner: Alejandro Inarritu

Prize for effort: Adam McKay

The gift is in the hook, the ability to reel a viewer into a world that would normally pass them by. The challenge for Adam McKay was to find a path, via a light dose of humor, of explaining the risky financial instruments that weighed heavily on the 2008 subprime mortgage market without forgetting to capture the heart-wrenching realities that resulted from its collapse. Inarritu has earned his prize, but McKay's creation, produced under constraints, deserves every clasp of the audience's applause.

Outstanding British Film

Nominees: 45 Years, Amy, Brooklyn, The Danish Girl, Ex Machina, The Lobster

Predicted winner: Brooklyn

Maybe: The Danish Girl

British cinema has a lot to be proud of in one of the most hotly contested and varied categories of the night. Though the global box office force of Saoirse Ronan's Brooklyn should see it through, it faces challenges from Amy Winehouse's opus Amy, Tom Hooper's The Danish Girl, a stunning exploration of the birth of the transgender rights movement, and even the absurd comedy The Lobster.