Company No: 13001808 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

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	2025		2024
		£		£
Fixed assets
Tangible assets	3	20,554		13,225
		20,554		13,225
Current assets
Debtors	4	380,121		387,246
Cash at bank and in hand	5	185,916		26,533
		566,037		413,779
Creditors: amounts falling due within one year	6	( 138,822)		( 152,666)
Net current assets		427,215		261,113
Total assets less current liabilities		447,769		274,338
Net assets		447,769		274,338
Capital and reserves
Called-up share capital		100		100
Profit and loss account		447,669		274,238
Total shareholder's funds		447,769		274,338

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of FMN Limited (registered number: 13001808) were approved and authorised for issue by the Director on 18 September 2025. They were signed on its behalf by:

F M Notte Director

1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Dividends

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 March 2024	26,729		26,729
Additions	12,910		12,910
At 28 February 2025	39,639		39,639
Accumulated depreciation
At 01 March 2024	13,504		13,504
Charge for the financial year	5,581		5,581
At 28 February 2025	19,085		19,085
Net book value
At 28 February 2025	20,554		20,554
At 29 February 2024	13,225		13,225

4. Debtors

	2025		2024
	£		£
Trade debtors	2,064		1,388
Other debtors	378,057		385,858
	380,121		387,246

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	185,916		26,533

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	6,830		500
Taxation and social security	58,027		46,444
Other creditors	73,965		105,722
	138,822		152,666

7. Contingencies

Contingent liabilities

The company has provided a guarantee for a bank loan of £507,865 on behalf of Dragon Armoury Creative Limited, a connected company due to Finbarr Notte being director and ultimate controlling party of the company. The balance sheet is secured on the investment held in Dragon Armoury Creative Limited. No provision is considered necessary as the director considers Dragon Armoury Creative Limited will have the ongoing financial resources to repay their debt and it is therefore unlikely that this company will incur any liability.

8. Related party transactions

During the year the company received loan repayments from Dragon Armoury Creative Limited of £10,341 (2024: £4,800), 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 £374,850 (2024: £385,509). During the year the company paid rental fees of £32,500 (2024: £33,600) to Dragon Armoury Creative. At the balance sheet date the amount outstanding was £Nil (2024: £Nil). During the year the company had a loan account with its director, at the year end the company owed the director £70,465 (2024: £99,222).