Espalier Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08126543 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

ESPALIER FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T E Slater

REGISTERED OFFICE:

One Gloucester Place

Brighton

BN1 4AA

REGISTERED NUMBER:

08126543 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

CURRENT ASSETS

Debtors

2

2,000

28,526,572

CREDITORS

Amounts falling due within one year

3

960

51,144

NET CURRENT ASSETS

1,040

28,475,428

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040

28,475,428

CAPITAL AND RESERVES

Called up share capital

2

Share premium

-

29,213,032

Retained earnings

1,038

(737,606

)

SHAREHOLDERS' FUNDS

1,040

28,475,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 17 March 2020 and were signed by:

T E Slater - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Other operating income is represented by the following;

- Rental income

All income is recognised on a receivable basis.

2.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

Espalier Ventures Ltd

2,000

28,526,572

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Tax

-

4,863

AJC Holdings Ltd

-

45,321

Accrued expenses

960

51,144

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Newincco 1222 Ltd.

This was by virtue of their 100% holding of the issued share capital.

The ultimate controlling party is A J Colin by virtue of his majority shareholding in Newincco 1222 Ltd.

5.	SHARE PREMIUM CANCELLATION

On 30 July 2019 the Company passed a special resolution to cancel and extinguish all of the share premium to

the value of £29,213,032.00 in accordance with the Companies Act 2006 section 641(1)(a).

The amount of the cancelled share premium was credited to the distributable reserves of the Company.

Espalier Finance Limited - Accounts to registrar (filleted) - small 18.2

Espalier Finance Limited - Accounts to registrar (filleted) - small 18.2