Abbreviated Company Accounts - FARION LIMITED

Registered Number 07108660

FARION LIMITED

Abbreviated Accounts

31 December 2014

FARION LIMITED Registered Number 07108660

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	368,997	368,997
		368,997	368,997
Current assets
Cash at bank and in hand		5,833	8,359
		5,833	8,359
Net current assets (liabilities)		5,833	8,359
Total assets less current liabilities		374,830	377,356
Creditors: amounts falling due after more than one year		(388,662)	(388,662)
Total net assets (liabilities)		(13,832)	(11,306)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(13,834)	(11,308)
Shareholders' funds		(13,832)	(11,306)

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 March 2015

And signed on their behalf by:
Ms MARY JANE MARIA, Director

FARION LIMITED Registered Number 07108660

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2014	368,997
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	368,997
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	368,997
At 31 December 2013	368,997