IRIS Accounts Production v18.3.0.590 10030610 Board of Directors 1.3.17 28.2.18 28.2.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure100306102017-02-28100306102018-02-28100306102017-03-012018-02-28100306102016-02-26100306102016-02-272017-02-28100306102017-02-2810030610ns15:EnglandWales2017-03-012018-02-2810030610ns14:PoundSterling2017-03-012018-02-2810030610ns10:Director12017-03-012018-02-2810030610ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2810030610ns10:SmallEntities2017-03-012018-02-2810030610ns10:AuditExempt-NoAccountantsReport2017-03-012018-02-2810030610ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-2810030610ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-2810030610ns10:FullAccounts2017-03-012018-02-2810030610ns10:OrdinaryShareClass12017-03-012018-02-2810030610ns10:Director22017-03-012018-02-2810030610ns10:CompanySecretary12017-03-012018-02-2810030610ns10:RegisteredOffice2017-03-012018-02-2810030610ns5:CurrentFinancialInstruments2018-02-2810030610ns5:CurrentFinancialInstruments2017-02-2810030610ns5:ShareCapital2018-02-2810030610ns5:ShareCapital2017-02-2810030610ns5:RetainedEarningsAccumulatedLosses2018-02-2810030610ns5:RetainedEarningsAccumulatedLosses2017-02-2810030610ns10:OrdinaryShareClass12018-02-2810030610ns5:RetainedEarningsAccumulatedLosses2017-02-2810030610ns5:RetainedEarningsAccumulatedLosses2017-03-012018-02-28


REGISTERED NUMBER: 10030610 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Federal Finance Incorporated Ltd

Federal Finance Incorporated Ltd (Registered number: 10030610)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Federal Finance Incorporated Ltd

Company Information
for the Year Ended 28 February 2018







DIRECTORS: Mr T Bahia
Mrs B Bahia





SECRETARY: Mr T Bahia





REGISTERED OFFICE: Bahia Casa
Bahia Casa
Newton Harcourt
Leicestershire
LE8 9FH





REGISTERED NUMBER: 10030610 (England and Wales)





ACCOUNTANTS: Pinnacle
Chartered Certified Accountants
& Registered Auditors
32 DeMontfort Street
Leicester
Leicestershire
LE1 7GD

Federal Finance Incorporated Ltd (Registered number: 10030610)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 211 211

CREDITORS
Amounts falling due within one year 5 1,261 1,261
NET CURRENT LIABILITIES (1,050 ) (1,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,050

)

(1,050

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (1,150 ) (1,150 )
SHAREHOLDERS' FUNDS (1,050 ) (1,050 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 13 November 2018 and were signed on its behalf
by:





Mr T Bahia - Director


Federal Finance Incorporated Ltd (Registered number: 10030610)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Federal Finance Incorporated Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

4. EMPLOYEES AND DIRECTORS

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other creditors 1,261 1,261

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary £1 100 100

Federal Finance Incorporated Ltd (Registered number: 10030610)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

7. RESERVES
Retained
earnings
£   

At 1 March 2017 (1,150 )
Profit for the year -
At 28 February 2018 (1,150 )

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 28 February 2018, company owed £611 (2017 - £611) to Mr T Bahia (director & shareholder). The loan is
interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Mr & Mrs Bahia (directors and shareholders).