Finally Fan-Fair Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02055354 (England and Wales)

FINALLY FAN-FAIR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M M Hrano

REGISTERED OFFICE:

35 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

REGISTERED NUMBER:

02055354 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Tangible assets

3

95

229

CURRENT ASSETS

Debtors

4

5,084

3,017

Cash at bank

3,029

5,894

8,113

8,911

CREDITORS

Amounts falling due within one year

5

26,246

17,938

NET CURRENT LIABILITIES

(18,133

)

(9,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,038

)

(8,798

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(18,138

)

(8,898

)

SHAREHOLDERS' FUNDS

(18,038

)

(8,798

)

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 director acknowledges his 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 director on 19 July 2018 and were signed by:

M M Hrano - Director

1.	STATUTORY INFORMATION

Finally Fan-Fair 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.

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.

Plant and machinery etc

-

25% 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 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.

Foreign currencies

Transactions denominated in foreign currencies are translated into sterling at the rate of the exchange ruling at

the date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at rates of

exchange ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss

account.

Deferred tax

No deferred tax asset has not been recognised due to the uncertainty of timing and amounts of future profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

5,672

DEPRECIATION

At 1 November 2016

5,443

Charge for year

134

At 31 October 2017

5,577

NET BOOK VALUE

At 31 October 2017

95

At 31 October 2016

229

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

795

578

Other debtors

4,289

2,439

5,084

3,017

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

1

1

Other creditors

26,245

17,937

26,246

17,938

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 October 2017, an amount of £NIL (2016 £NIL) was due to M Hrano.

Goods and Services of £552.06 were re-charged during the year to Rockano Ltd, of whom the director M Hrano,

is a controlling party.

Goods and Services of £NIL were re-charged during the year to Fanatic Ltd, of whom the director M Hrano, is a

controlling party.

Goods and Services of £NIL were acquired and paid for during the year from Rockano Ltd, of whom the director

M Hrano, is a controlling party.

Goods and Services of £NIL were acquired and paid for during the year from Fanatic Ltd, of whom the director

M Hrano, is a controlling party.

Goods and Services of £11000.00 were acquired and paid for during the year from M Hrano.

7.	ULTIMATE CONTROLLING PARTY

Mr M Hrano is the ultimate controlling party by virtue of his 99% holding in Finally Fan-Fair Limited.