Fayet Trading Limited - Period Ending 2017-06-30

Registration number: 08946826

Fayet Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2016
 

Fayet Trading Limited
Contents

Company Information 1

Director's Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5

Fayet Trading Limited
Company Information

Director

Mr Jonathan Gain

Company secretary

Stellar Company Secretary Limited

Registered office

STELLAR ASSET MGMT 1 CONDUIT STREET LONDON W1S 2XA

Bankers

Royal Bank of Scotland plc Marylebone North West House 119 Marylebone Road London NW1 5PY

Page 1

Fayet Trading Limited
Director's Report for the Year Ended 30 June 2016

The director presents his report and the unaudited financial statements for the year ended 30 June 2016.

Director of the company

The director who held office during the year was as follows:

Mr Jonathan Gain

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 28 March 2017 and signed on its behalf by:

.........................................
Mr Jonathan Gain
Director

Page 2

Fayet Trading Limited
(Registration number: 08946826)
Balance Sheet at 30 June 2016

		Note			30 June 2016 £			30 June 2015 £
Fixed assets
Investments		2			72,264			54,704
Current assets
Cash at bank and in hand					2,807			18,133
Net assets					75,071			72,837
Capital and reserves
Called up share capital		3			37,500			37,500
Share premium account		4			34,875			34,875
Revaluation reserve		4			4,081			1,021
Profit and loss account		4			(1,385)			(559)
Shareholders' funds					75,071			72,837

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 28 March 2017

.........................................
Mr Jonathan Gain
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Fayet Trading Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Investments held as fixed assets

		30 June 2016 £			30 June 2015 £
Shares in group undertakings and participating interests		72,264			54,704

Shares in group undertakings and participating interests

		Joint ventures and associates £			Total £
Cost
At 1 July 2015		54,704			54,704
Revaluation		3,060			3,060
Additions		14,500			14,500
At 30 June 2016		72,264			72,264
Net book value
At 30 June 2016		72,264			72,264
At 30 June 2015		54,704			54,704

3	Share capital

Allotted, called up and fully paid shares

	30 June 2016						30 June 2015
		No.			£			No.			£
Ordinary of £0.50 each		75,000			37,500			75,000			37,500

Page 4

Fayet Trading Limited
Notes to the Financial Statements for the Year Ended 30 June 2016
......... continued

4

Reserves

		Share premium account £			Revaluation reserve £			Profit and loss account £			Total £
At 1 July 2015		34,875			1,021			(559)			35,337
Loss for the year		-			-			(826)			(826)
Unrealised gain on trade investments		-			3,060			-			3,060
At 30 June 2016		34,875			4,081			(1,385)			37,571

Page 5