Abbreviated Company Accounts - FAMEWORTH LIMITED

04377917 FAMEWORTH LIMITED 2016-08-31 false 2015-03-01 2016-08-31 true 04377917 2015-03-01 2016-08-31 04377917 2016-08-31 04377917 2015-02-28 04377917 uk-gaap-cd-bus:Director1 2015-03-01 2016-08-31 04377917 uk-gaap-cd-bus:Director2 2015-03-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:EUR shares

Registered Number 04377917

FAMEWORTH LIMITED

Abbreviated Accounts

31 August 2016

FAMEWORTH LIMITED Registered Number 04377917

Abbreviated Balance Sheet as at 31 August 2016

	Notes	31/08/2016	28/02/2015
		€	€
Fixed assets
Tangible assets	2	190,000	228,000
		190,000	228,000
Creditors: amounts falling due within one year	3	(264,367)	(264,367)
Net current assets (liabilities)		(264,367)	(264,367)
Total assets less current liabilities		(74,367)	(36,367)
Total net assets (liabilities)		(74,367)	(36,367)
Capital and reserves
Called up share capital	4	1,633	1,633
Profit and loss account		(76,000)	(38,000)
Shareholders' funds		(74,367)	(36,367)

For the year ending 31 August 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 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 26 April 2017

And signed on their behalf by:
ANDROULAKIS,Nikistratos, Director

FAMEWORTH LIMITED Registered Number 04377917

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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.

2Tangible fixed assets

	€
Cost
At 1 March 2015	228,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	228,000
Depreciation
At 1 March 2015	-
Charge for the year	38,000
On disposals	-
At 31 August 2016	38,000
Net book values
At 31 August 2016	190,000
At 28 February 2015	228,000

The company acquired a yacht on the 24 March 2002 which was not recorded in the books and records along with the associated depreciation charge in the Financial Years ended from the 01.03.2014 to 31.08.2016.
Under UK GAAP a prior year adjustment is made for a change in accounting policy or for a fundamental error.
A fundamental error is defined by FRS 3 as an error of such significance as to destroy the true and fair view of the Financial Statements.
The Prior year error was considered to be fundamental and was corrected by retrospective restatement of the 2015 comparative numbers to address the acquisition of the yacht and the recording of the associated depreciation charge.

3Creditors

	31/08/2016 €	28/02/2015 €
Secured Debts	264,367	264,367

4Called Up Share Capital
Allotted, called up and fully paid:

	31/08/2016 €	28/02/2015 €
1,000 Ordinary shares of €1.63308 each	1,633	1,633

The exchange rate 1.63308 which was used to convert the Share Capital from GBP to EURO was taken from Oanda.com at historical rate, Date: 20 February 2002.