REGISTERED NUMBER: 12703058 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

FAMALAM LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W T Lam

W B Lam

REGISTERED OFFICE:

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

12703058 (England and Wales)

FIXED ASSETS

Investment property

4

2,015,000

2,015,000

CURRENT ASSETS

Debtors

554

363

Cash at bank

10,358

45,046

10,912

45,409

CREDITORS

Amounts falling due within one year

889,441

800,609

NET CURRENT LIABILITIES

(878,529

)

(755,200

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,136,471

1,259,800

CREDITORS

Amounts falling due after more than one year

1,329,776

1,330,985

NET LIABILITIES

(193,305

)

(71,185

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(193,405

)

(71,285

)

(193,305

)

(71,185

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

W B Lam - Director

W T Lam - Director

1.	STATUTORY INFORMATION

Famalam 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller 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 on a going concern basis, which the directors consider to be appropriate, as they have agreed not to withdraw their loan account and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover

Turnover represents rental income received, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Investment property

Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit and loss account. Properties are valued annually using the open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

2,015,000

Additions

111,700

Revaluations

(111,700

)

At 30 June 2025

2,015,000

NET BOOK VALUE

At 30 June 2025

2,015,000

At 30 June 2024

2,015,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2022

13,224

Valuation in 2024

(97,000

)

Cost

2,098,776

2,015,000

Investment properties were valued on an open market basis on 30 June 2025 by the directors .

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,329,776

1,330,985

A charge over 2A The Avenue was created on 10 May 2022 by The Mortgage Lender Limited to secure all monies due or becoming due. The charge also contained a negative pledge over the property.

A charge over 4 Reigate Road was created on 22 April 2022 by The Mortgage Lender Limited to secure all monies due or becoming due. The charge also contained a negative pledge over the property.

A fixed charge over 82 Southsea was created on 29 April 2022 by Molo Holdings No.1 Limited to secure all monies due or becoming due. The charge also contained a negative pledge over the property.

6.	DEFERRED TAX ASSETS

No deferred tax asset has been recognised in these financial statements in respect of tax losses or the loss on revaluation of fixed asset investments. This is due to the uncertainty as to when the asset will be recovered, which will depend upon the company's future taxable profits. There are tax losses carried forward of approximately £208,767 (2024 - £91,000), which if provided for would result in a deferred tax asset of approximately £40,000 (2024 - £17,300).