Fashion Nation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06721552 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Fashion Nation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Vicino

SECRETARY:

REGISTERED OFFICE:

1 Bedford Row

London

WC1R 4BZ

REGISTERED NUMBER:

06721552 (England and Wales)

ACCOUNTANTS:

JW Duffy

Chartered Accountants

10 Barley Mow Passage

Chiswick

London

W4 4PH

CURRENT ASSETS

Debtors

3

16,476

16,224

Cash at bank

85,871

90,420

TOTAL ASSETS LESS CURRENT LIABILITIES

102,347

106,644

CREDITORS

Amounts falling due after more than one year

4

(37,587

)

(37,587

)

PROVISIONS FOR LIABILITIES

(1,560

)

(1,920

)

NET ASSETS

63,200

67,137

CAPITAL AND RESERVES

Called up share capital

850

850

Retained earnings

62,350

66,287

SHAREHOLDERS' FUNDS

63,200

67,137

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 10 July 2018 and were signed by:

M Vicino - Director

1.	STATUTORY INFORMATION

Fashion Nation 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.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

15,154

15,154

Other debtors

1,102

850

Prepayments and accrued income

220

220

16,476

16,224

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Amounts owed to participating interests

37,587

37,587