Company No:
Contents
Director | Bolor-Erdene Jargalsaikhan (Appointed 19 November 2023, Resigned 22 January 2024) |
F M Notte |
Registered office | 168 Shoreditch High Street 2nd Floor |
London | |
E1 6RA | |
United Kingdom |
Company number | 13001808 (England and Wales) |
Accountant | Kreston Reeves LLP |
2nd Floor | |
168 Shoreditch High Street | |
London | |
E1 6RA |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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13,225 | 17,640 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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413,779 | 410,881 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 261,113 | 193,680 | ||
Total assets less current liabilities | 274,338 | 211,320 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of FMN Limited (registered number:
F M Notte
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
FMN Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 168 Shoreditch High Street 2nd Floor, London, E1 6RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 March 2023 |
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Additions |
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At 29 February 2024 |
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Accumulated depreciation | |||
At 01 March 2023 |
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Charge for the financial year |
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At 29 February 2024 |
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Net book value | |||
At 29 February 2024 |
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At 28 February 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Cash at bank and in hand |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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Contingent liabilities
During the year the company loaned Dragon Armoury Creative Limited £4,800 (2023: £380,709), a company controlled by F M Notte, the director and shareholder of the company. At the date of the balance sheet the amount outstanding was £385,509 (2023: £380,709). During the year the company paid rental fees of £33,600 (2023: £11,500) to Dragon Armoury Creative. At the balance sheet date the amount outstanding was £Nil (2023: £11,500). During the year the company had a loan account with its director, at the year end the company owed the director £99,222 (2023: £160,352).