Avamore Capital Bridging Limited - Accounts to registrar (filleted) - small 18.2

Avamore Capital Bridging Limited - Accounts to registrar (filleted) - small 18.2

AVAMORE CAPITAL BRIDGING LIMITED - Company Information

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REGISTERED NUMBER: 10644208 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

AVAMORE CAPITAL BRIDGING LIMITED
AVAMORE CAPITAL BRIDGING LIMITED (REGISTERED NUMBER: 10644208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AVAMORE CAPITAL BRIDGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: M R Dean
Z U Mirza
P A Gould





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: Cannon Place
78 Cannon Street
London
EC4N 6HL





REGISTERED NUMBER: 10644208 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD
Page 1
AVAMORE CAPITAL BRIDGING LIMITED (REGISTERED NUMBER: 10644208)

BALANCE SHEET
31 DECEMBER 2020

31.12.20 31.12.19
Notes £    £   
CURRENT ASSETS
Debtors 4 320,565 276,263
Cash at bank 60,535 365,409
381,100 641,672
CREDITORS
Amounts falling due within one year 5 85,894 163,676
NET CURRENT ASSETS 295,206 477,996
TOTAL ASSETS LESS CURRENT
LIABILITIES
295,206
477,996

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 295,106 477,896
SHAREHOLDERS' FUNDS 295,206 477,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 13 August 2021 and were signed on its behalf by:





M R Dean - Director


The notes form part of these financial statements

Page 2
AVAMORE CAPITAL BRIDGING LIMITED (REGISTERED NUMBER: 10644208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Avamore Capital Bridging 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Avamore Capital Bridging Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover consists of fees and interest due to the company on the commercial loans it arranges and is accounted for as it accrues under the terms of each agreement.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 320,400 256,735
Amounts owed by group undertakings 165 16,528
Other debtors - 3,000
320,565 276,263

Page 3 continued...
AVAMORE CAPITAL BRIDGING LIMITED (REGISTERED NUMBER: 10644208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade creditors 645 618
Amounts owed to group undertakings 6,938 -
Taxation and social security 69,222 112,099
Other creditors 9,089 50,959
85,894 163,676

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.20 31.12.19
value: £    £   
100 Ordinary £1 100 100

Page 4