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

REGISTERED NUMBER: 05050021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

BOND FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B J Mainwaring

D W Newbery

REGISTERED OFFICE:

8th Floor, City Pavilion, Cannon Green,

27 Bush Lane,

London

London

EC4R 0AA

REGISTERED NUMBER:

05050021 (England and Wales)

ACCOUNTANTS:

React Business Services

City Pavilion, Cannon Green

27 Bush Lane

London

EC4R 0AA

FIXED ASSETS

Tangible assets

4

7,400

6,106

CURRENT ASSETS

Debtors

5

176,690

193,241

Cash at bank

144,889

154,556

321,579

347,797

CREDITORS

Amounts falling due within one year

6

93,192

83,522

NET CURRENT ASSETS

228,387

264,275

TOTAL ASSETS LESS CURRENT LIABILITIES

235,787

270,381

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

220,787

255,381

235,787

270,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2022 and were signed on its behalf by:

D W Newbery - Director

1.	STATUTORY INFORMATION

Bond Finance 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 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

10,251

Additions

2,820

At 31 March 2022

13,071

DEPRECIATION

At 1 April 2021

4,145

Charge for year

1,526

At 31 March 2022

5,671

NET BOOK VALUE

At 31 March 2022

7,400

At 31 March 2021

6,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

23,835

38,655

Amounts owed by group undertakings

148,244

148,033

Other debtors

4,611

6,553

176,690

193,241

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

(1

)

1

Amounts owed to participating interests

86,596

79,466

Other creditors

6,597

4,055

93,192

83,522