Clarence House Financial Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04082493 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

CLARENCE HOUSE FINANCIAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S K H Lok

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

04082493 (England and Wales)

ACCOUNTANTS:

EA Associates

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

2

1,044

1,020

CURRENT ASSETS

Cash at bank

197

6

CREDITORS

Amounts falling due within one year

3

215,796

214,361

NET CURRENT LIABILITIES

(215,599

)

(214,355

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(214,555

)

(213,335

)

CREDITORS

Amounts falling due after more than one year

3

14,616

15,964

NET LIABILITIES

(229,171

)

(229,299

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(229,271

)

(229,399

)

SHAREHOLDERS' FUNDS

(229,171

)

(229,299

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 July 2014 and were signed by:

Mr S K H Lok - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the director is satisfied that

the company will have adequate resources to meet it's liabilities to third parties as they fall due.

The director is confident that the company's trading position will improve in the future and has also

given the assurances that he will fund the company as and when necessary.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net amounts receivable, excluding Value Added Tax, for the provision services

supplied in the normal course of business.

Tangible fixed assets

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

useful life.

Computer equipment: 33.33% at cost.

Fixtures Fitting and Equipment: 25% at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

34,120

Additions

800

At 31 October 2013

34,920

DEPRECIATION

At 1 November 2012

33,100

Charge for year

776

At 31 October 2013

33,876

NET BOOK VALUE

At 31 October 2013

1,044

At 31 October 2012

1,020

3.

CREDITORS

Creditors include an amount of £ 17,085 (2012 - £ 18,270 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013

2012

£

£

Repayable by instalments

4,735

6,732

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100