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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2017

FOR

FALBROS LTD

FALBROS LTD (REGISTERED NUMBER: 08147460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FALBROS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2017







DIRECTORS: A F Ewen
R D Ewen





REGISTERED OFFICE: 1 Mayfair Place
London
W1J 8AJ





REGISTERED NUMBER: 08147460 (England and Wales)





ACCOUNTANTS: Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

FALBROS LTD (REGISTERED NUMBER: 08147460)

BALANCE SHEET
31ST JULY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,966 16,137
Tangible assets 5 5,611 6,436
26,577 22,573

CURRENT ASSETS
Debtors 6 106,169 2,958
Cash at bank 96,400 20,804
202,569 23,762
CREDITORS
Amounts falling due within one year 7 26,870 12,188
NET CURRENT ASSETS 175,699 11,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,276

34,147

CREDITORS
Amounts falling due after more than one
year

8

191,622

15,339
NET ASSETS 10,654 18,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,554 18,708
SHAREHOLDERS' FUNDS 10,654 18,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2017 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.

FALBROS LTD (REGISTERED NUMBER: 08147460)

BALANCE SHEET - continued
31ST JULY 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14th March 2018 and were signed on its behalf by:





A F Ewen - Director


FALBROS LTD (REGISTERED NUMBER: 08147460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2017

1. STATUTORY INFORMATION

Falbros 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
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 five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and Straight line over 3 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

FALBROS LTD (REGISTERED NUMBER: 08147460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2017

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st August 2016 26,895
Additions 12,760
At 31st July 2017 39,655
AMORTISATION
At 1st August 2016 10,758
Charge for year 7,931
At 31st July 2017 18,689
NET BOOK VALUE
At 31st July 2017 20,966
At 31st July 2016 16,137

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2016 12,737
Additions 4,361
At 31st July 2017 17,098
DEPRECIATION
At 1st August 2016 6,301
Charge for year 5,186
At 31st July 2017 11,487
NET BOOK VALUE
At 31st July 2017 5,611
At 31st July 2016 6,436

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 102,004 2,111
Other debtors 4,165 847
106,169 2,958

Trade debtors includes an amount of £102,000 in respect of an amount owed to it by Falbros Media Group in
respect of costs incurred in developing social media tools and networks. The directors consider that this amount
will be fully recovered.

FALBROS LTD (REGISTERED NUMBER: 08147460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 13,016 4,002
Trade creditors (1 ) -
Taxation and social security 11,163 7,236
Other creditors 2,692 950
26,870 12,188

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 41,622 15,339
Other creditors 150,000 -
191,622 15,339

The company have received written assurance from the lenders that they will not seek repayment of their
subordinated loan of £150,000 within the next twenty four months. this amount is disclosed as creditors due after
more than one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A F Ewen.