Fanslide Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10650788 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Fanslide Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Cocozza

A K Eggleston FCA

A Pratsides

REGISTERED OFFICE:

58a Burma Road

London

N16 9BJ

REGISTERED NUMBER:

10650788 (England and Wales)

ACCOUNTANTS:

EWP Limited

20 Anchor Terrace

3-13 Southwark Bridge Road

London

SE1 9HQ

FIXED ASSETS

Intangible assets

4

181,111

73,987

CURRENT ASSETS

Debtors

5

36

652

Cash at bank

162,901

212

162,937

864

CREDITORS

Amounts falling due within one year

6

68,039

85,664

NET CURRENT ASSETS/(LIABILITIES)

94,898

(84,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

276,009

(10,813

)

CREDITORS

Amounts falling due after more than one year

7

(22,940

)

500

NET ASSETS/(LIABILITIES)

298,949

(11,313

)

CAPITAL AND RESERVES

Called up share capital

17

13

Share premium

568,208

101,425

Retained earnings

(269,276

)

(112,751

)

298,949

(11,313

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 May 2020 and were signed on its behalf by:

J Cocozza - Director

1.	STATUTORY INFORMATION

Fanslide Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2019

124,464

Additions

200,000

Disposals

(124,464

)

At 30 April 2020

200,000

AMORTISATION

At 1 May 2019

50,477

Charge for year

45,025

Eliminated on disposal

(76,613

)

At 30 April 2020

18,889

NET BOOK VALUE

At 30 April 2020

181,111

At 30 April 2019

73,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

36

-

Other debtors

-

652

36

652

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

66,839

82,164

Other creditors

1,200

3,500

68,039

85,664

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Amounts owed to joint ventures

99

500

Other creditors

(23,039

)

-

(22,940

)

500