REGISTERED NUMBER: 07292179 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th November 2017

for

FOOTHOLD INTERNATIONAL BRANDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss A C Bruce

REGISTERED OFFICE:

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

REGISTERED NUMBER:

07292179 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

FIXED ASSETS

Property, plant and equipment

3

-

3,830

CURRENT ASSETS

Debtors

4

47,983

45,668

Cash at bank

92,803

24,763

140,786

70,431

CREDITORS

Amounts falling due within one year

5

68,999

39,910

NET CURRENT ASSETS

71,787

30,521

TOTAL ASSETS LESS CURRENT LIABILITIES

71,787

34,351

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

71,687

34,251

SHAREHOLDERS' FUNDS

71,787

34,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 31st August 2018 and were signed by:

Miss A C Bruce - Director

1.	STATUTORY INFORMATION

Foothold International Brands Limited 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

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.

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1st December 2016

7,774

Disposals

(7,774

)

At 30th November 2017

-

DEPRECIATION

At 1st December 2016

3,944

Eliminated on disposal

(3,944

)

At 30th November 2017

-

NET BOOK VALUE

At 30th November 2017

-

At 30th November 2016

3,830

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

47,463

45,017

Other Debtors

-

476

Prepayments and accrued income

520

175

47,983

45,668

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,109

665

Tax

12,490

7,628

VAT

7,847

11,043

Other creditors

11,000

16,000

Director's current account

25,803

74

Accruals and deferred income

2,750

4,500

68,999

39,910

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

ordinary

.1

100

100

7.

RESERVES

Retained

earnings

£

At 1st December 2016

34,251

Profit for the year

48,936

Dividends

(11,500

)

At 30th November 2017

71,687

8.	RELATED PARTY DISCLOSURES

During the year, the director, Miss A C Bruce received fees of £67,495 (LY: £60,500) from the company. Total

dividends paid to the director amounted to £11,500 (2016: £ NIL).