Fameone Ltd - Accounts to registrar (filleted) - small 23.2.5

Fameone Ltd - Accounts to registrar (filleted) - small 23.2.5

FAMEONE LTD - Company Information

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REGISTERED NUMBER: 04910322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

FAMEONE LTD
FAMEONE LTD (REGISTERED NUMBER: 04910322)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




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 2023







DIRECTORS: Mrs E Endzweig
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 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,577 1,855
Investment property 5 2,300,000 2,300,000
2,301,577 2,301,855

CURRENT ASSETS
Debtors 6 12,413 12,416
Investments 7 100 100
Cash at bank 11,072 5,101
23,585 17,617
CREDITORS
Amounts falling due within one year 8 (100,751 ) (99,647 )
NET CURRENT LIABILITIES (77,166 ) (82,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,224,411
2,219,825

CREDITORS
Amounts falling due after more than one
year
9
(325,807
)
(358,208
)

PROVISIONS FOR LIABILITIES (66,500 ) (66,500 )
NET ASSETS 1,832,104 1,795,117

CAPITAL AND RESERVES
Called up share capital 11 99 99
Revaluation reserve 12 1,399,198 1,399,198
Retained earnings 12 432,807 395,820
SHAREHOLDERS' FUNDS 1,832,104 1,795,117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 notes form part of these financial statements

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

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


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 24 June 2024 and were signed on its behalf by:





Mrs E 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 2023

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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

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

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 10,380
DEPRECIATION
At 1 October 2022 8,525
Charge for year 278
At 30 September 2023 8,803
NET BOOK VALUE
At 30 September 2023 1,577
At 30 September 2022 1,855

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 2,300,000
NET BOOK VALUE
At 30 September 2023 2,300,000
At 30 September 2022 2,300,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2017 1,115,698
Valuation in 2020 350,000
Cost 834,302
2,300,000

The Directors have confirmed that, there is no significant market value increase or decrease in properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 3
Other debtors 12,413 12,413
12,413 12,416

7. CURRENT ASSET INVESTMENTS
30.9.23 30.9.22
£    £   
Unlisted investments 100 100

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Tax 8,741 8,990
Other creditors 90,570 89,217
Accrued expenses 1,440 1,440
100,751 99,647

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 2-5 years - 15,894
Bank loans 314,303 342,314
Other loans - 2-5 years 11,504 -
325,807 358,208

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 314,303 342,314

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 314,303 358,208

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £11,504 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
99 Ordinary £1 99 99

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2022 395,820 1,399,198 1,795,018
Profit for the year 36,987 36,987
At 30 September 2023 432,807 1,399,198 1,832,005

Page 6 continued...
FAMEONE LTD (REGISTERED NUMBER: 04910322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Endzweig.

Page 7