Fantasy League Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03924186 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

Fantasy League Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A E Wainstein

E Lewis

Think & Thing Limited

A Andrews

SECRETARY:

Ms R E Fox

REGISTERED OFFICE:

Ground Floor

Bury House

31 Bury Street

London

EC3A 5AR

REGISTERED NUMBER:

03924186 (England and Wales)

ACCOUNTANTS:

Elliotts Shah

Chartered Accountants

Ground Floor, Bury House

31 Bury Street

London

EC3A 5AR

FIXED ASSETS

Intangible assets

4

1

1

CURRENT ASSETS

Debtors

5

-

9,322

Cash at bank

36,402

21,286

36,402

30,608

CREDITORS

Amounts falling due within one year

6

34,731

23,732

NET CURRENT ASSETS

1,671

6,876

TOTAL ASSETS LESS CURRENT LIABILITIES

1,672

6,877

CAPITAL AND RESERVES

Called up share capital

100

1

Share premium

7

1,225

-

Retained earnings

7

347

6,876

SHAREHOLDERS' FUNDS

1,672

6,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 12 December 2018 and were signed on its behalf by:

A E Wainstein - Director

1.	STATUTORY INFORMATION

Fantasy League 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2017

and 31 May 2018

1

NET BOOK VALUE

At 31 May 2018

1

At 31 May 2017

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

412

Other debtors and prepayments

-

8,910

-

9,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,376

10,335

Corporation tax

5,010

5,582

Social security and other taxes

3,710

-

Other creditors and accruals

24,635

7,815

34,731

23,732

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 June 2017

6,876

-

6,876

Profit for the year

20,545

20,545

Dividends

(27,000

)

(27,000

)

Bonus share issue

(74

)

-

(74

)

Cash share issue

-

1,225

1,225

At 31 May 2018

347

1,225

1,572

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A E Wainstein.