Fameone Ltd - Accounts to registrar (filleted) - small 18.2

Fameone Ltd - Accounts to registrar (filleted) - small 18.2

FAMEONE LTD - Company Information

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REGISTERED NUMBER: 04910322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

FAMEONE LTD
FAMEONE LTD (REGISTERED NUMBER: 04910322)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FAMEONE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTOR: J Endzweig





SECRETARY: Y Reichman





REGISTERED OFFICE: 10 Glaserton Road
London
N16 5QX





REGISTERED NUMBER: 04910322 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
FAMEONE LTD (REGISTERED NUMBER: 04910322)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,111 2,483
Investment property 4 1,950,000 1,950,000
1,952,111 1,952,483

CURRENT ASSETS
Debtors 5 11,054 5,213
Investments 6 100 100
Cash at bank 11,019 22,441
22,173 27,754
CREDITORS
Amounts falling due within one year 7 106,712 109,968
NET CURRENT LIABILITIES (84,539 ) (82,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,867,572
1,870,269

CREDITORS
Amounts falling due after more than one
year
8
462,320
466,755
NET ASSETS 1,405,252 1,403,514

CAPITAL AND RESERVES
Called up share capital 10 99 99
Revaluation reserve 11 1,115,698 1,115,698
Retained earnings 11 289,455 287,717
SHAREHOLDERS' FUNDS 1,405,252 1,403,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 notes form part of these financial statements

Page 2 continued...
FAMEONE LTD (REGISTERED NUMBER: 04910322)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 June 2019 and were signed by:





J Endzweig - Director


The notes form part of these financial statements

Page 3
FAMEONE LTD (REGISTERED NUMBER: 04910322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Fameone Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with
Financial Reporting Standard for Smaller Entities(effective January 2015), which requires such properties to be
stated at current market value.

Page 4 continued...
FAMEONE LTD (REGISTERED NUMBER: 04910322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2017
and 30 September 2018 8,937
DEPRECIATION
At 1 October 2017 6,454
Charge for year 372
At 30 September 2018 6,826
NET BOOK VALUE
At 30 September 2018 2,111
At 30 September 2017 2,483

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2017
and 30 September 2018 1,950,000
NET BOOK VALUE
At 30 September 2018 1,950,000
At 30 September 2017 1,950,000

Fair value at 30 September 2018 is represented by:

£   
Valuation in 2017 1,115,698
Cost 834,302
1,950,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade debtors 5,841 -
Other debtors 5,213 5,213
11,054 5,213

6. CURRENT ASSET INVESTMENTS
30.9.18 30.9.17
£    £   
Unlisted investments 100 100

Page 5 continued...
FAMEONE LTD (REGISTERED NUMBER: 04910322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Taxation and social security 8,637 14,951
Other creditors 98,075 95,017
106,712 109,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.18 30.9.17
£    £   
Bank loans 462,320 466,755

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 462,320 466,755

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.18 30.9.17
£    £   
Bank loans 462,320 466,755

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.18 30.9.17
value: £    £   
99 Ordinary £1 99 99

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2017 287,717 1,115,698 1,403,415
Profit for the year 1,738 1,738
At 30 September 2018 289,455 1,115,698 1,405,153

Page 6