London And Fulham Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09439166 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

LONDON AND FULHAM LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J Fried

REGISTERED OFFICE:

15 WOODLANDS

LONDON

NW1 9QJ

REGISTERED NUMBER:

09439166 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

CURRENT ASSETS

Stocks

8,703,629

7,211,382

Debtors

3

1,065,708

163,889

Cash at bank

17,023

928

9,786,360

7,376,199

CREDITORS

Amounts falling due within one year

4

3,760,639

2,710,511

NET CURRENT ASSETS

6,025,721

4,665,688

TOTAL ASSETS LESS CURRENT LIABILITIES

6,025,721

4,665,688

CREDITORS

Amounts falling due after more than one year

5

6,051,001

4,684,025

NET LIABILITIES

(25,280

)

(18,337

)

CAPITAL AND RESERVES

Called up share capital

6

20

1

Retained earnings

7

(25,300

)

(18,338

)

SHAREHOLDERS' FUNDS

(25,280

)

(18,337

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 28 September 2018 and were signed by:

J Fried - Director

1.	STATUTORY INFORMATION

London And Fulham 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.

Transition to financial reporting standards 102

The company has adopted FRS 102 Section 1A for the first time in the preparation of these accounts.

Accordingly the date of transition to FRS 102 was 1 March 2015 (beginning of the accounting period of

comparative financial year).

There are no material differences in determining the company's profit and loss under FRS 102 Section 1A and

the previous framework the company adopted (the Financial Reporting Standard for Smaller Entities (effective

January 2015)).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

28.2.17

29.2.16

£

£

Trade debtors

200

-

Other debtors

1,065,508

163,889

1,065,708

163,889

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

528,439

1,033,838

Other creditors

3,232,200

1,676,673

3,760,639

2,710,511

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans

6,051,001

4,684,025

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,051,001

4,684,025

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

20

Ordinary

£1

20

1

7.

RESERVES

Retained

earnings

£

At 1 March 2016

(18,338

)

Deficit for the year

(6,962

)

At 28 February 2017

(25,300

)

8.	POST BALANCE SHEET EVENTS

After the balance sheet date, further 19 shares were issued to Zilla Ventures Limited, a company incorporated in

England & Wales.

9.	ULTIMATE CONTROLLING PARTY

Zilla Ventures Limited