Micro-entity Accounts - FARION LIMITED

07108660 FARION LIMITED 2016-12-31 false 2016-01-01 2016-12-31 true 07108660 2016-01-01 2016-12-31 07108660 2016-12-31 07108660 2015-12-31 07108660 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 07108660 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 07108660 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 iso4217:GBP shares

Registered Number 07108660

FARION LIMITED

Micro-entity Accounts

31 December 2016

FARION LIMITED Registered Number 07108660

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	368,997	368,997
		368,997	368,997
Current assets
Cash at bank and in hand		248	205
		248	205
Creditors: amounts falling due within one year		(4,671)	(2,170)
Net current assets (liabilities)		(4,423)	(1,965)
Total assets less current liabilities		364,574	367,032
Creditors: amounts falling due after more than one year		(388,662)	(388,662)
Total net assets (liabilities)		(24,088)	(21,630)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(24,090)	(21,632)
Shareholders' funds		(24,088)	(21,630)

For the year ending 31 December 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 February 2017

And signed on their behalf by:
Ms Mary Jane Hoareau, Director

FARION LIMITED Registered Number 07108660

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Tangible fixed assets

	£
Cost
At 1 January 2016	368,997
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	368,997
Depreciation
At 1 January 2016	-
Charge for the year	-
On disposals	-
At 31 December 2016	-
Net book values
At 31 December 2016	368,997
At 31 December 2015	368,997

2Accounting 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.

Other accounting policies
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.