FAJE Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07409561 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

FAJE Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

J C Turley

J Turley

SECRETARY:

Libra Wealth Management Limited

REGISTERED OFFICE:

Suite 5

10 Churchill Square

West Malling

Kent

ME19 4YU

REGISTERED NUMBER:

07409561 (England and Wales)

ACCOUNTANTS:

Libra Wealth Management Limited

Suite 5, 10 Churchill Square

West Malling

Kent

ME19 4YU

FIXED ASSETS

Tangible assets

4

1,199

-

Investments

5

75,000

-

Investment property

6

625,370

625,370

701,569

625,370

CURRENT ASSETS

Debtors

7

-

2,100

Investments

8

5,782,836

5,893,080

Cash at bank

788,054

3,977,718

6,570,890

9,872,898

CREDITORS

Amounts falling due within one year

9

4,747,006

8,958,264

NET CURRENT ASSETS

1,823,884

914,634

TOTAL ASSETS LESS CURRENT LIABILITIES

2,525,453

1,540,004

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,525,451

1,540,002

SHAREHOLDERS' FUNDS

2,525,453

1,540,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 April 2018 and were signed on its behalf by:

J C Turley - Director

1.	STATUTORY INFORMATION

FAJE 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 October 2017 are the first that are

prepared in accordance with FRS 102 Section 1A. The previous financial statements were

prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is

1 November 2015.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in profit or loss.

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.

Investment income

Interest receivable on investments is recognised on an accruals basis and therefore when

the company obtains the right to consideration.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,799

At 31 October 2017

1,799

DEPRECIATION

Charge for year

600

At 31 October 2017

600

NET BOOK VALUE

At 31 October 2017

1,199

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

75,000

At 31 October 2017

75,000

NET BOOK VALUE

At 31 October 2017

75,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2016

and 31 October 2017

625,370

NET BOOK VALUE

At 31 October 2017

625,370

At 31 October 2016

625,370

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other debtors

-

2,100

8.	CURRENT ASSET INVESTMENTS

31.10.17

31.10.16

£

£

Unlisted investments

5,782,836

5,893,080

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

6,361

2,401

Taxation and social security

237,053

81,558

Other creditors

4,503,592

8,874,305

4,747,006

8,958,264

10.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount owing to the directors amounting to

£4,502,992 (2016 - £8,874,305).

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of FAJE Limited for the year ended 31 October 2017 which

comprise the Income Statement, Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of FAJE Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FAJE Limited and state those matters that we have agreed to state to the Board of Directors of FAJE Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FAJE Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that FAJE Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FAJE Limited. You consider that FAJE Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FAJE Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Libra Wealth Management Limited

Suite 5, 10 Churchill Square

West Malling

Kent

ME19 4YU

11 April 2018