Climate Bonds Initiative - Period Ending 2014-11-30
Climate Bonds Initiative - Period Ending 2014-11-30
Registration number:
(A company limited by guarantee)
Unaudited Abbreviated Accounts
for the Year Ended
Climate Bonds Initiative
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Climate Bonds Initiative
for the Year Ended 30 November 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Climate Bonds Initiative for the year ended 30 November 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Climate Bonds Initiative, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Climate Bonds Initiative and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Climate Bonds Initiative and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Climate Bonds Initiative has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Climate Bonds Initiative. You consider that Climate Bonds Initiative is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Climate Bonds Initiative. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Bambridge Accountants
1 Mercer Street
London
WC2H 9QJ
12 August 2015
Climate Bonds Initiative
(Registration number: 07455730)
Abbreviated Balance Sheet at 30 November 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
.........................................
Mr Sean Kidney
Director
2
Climate Bonds Initiative
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Plant and machinery |
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Foreign currency
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2013 |
1,240 |
1,240 |
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Additions |
129 |
129 |
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At 30 November 2014 |
1,369 |
1,369 |
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Depreciation |
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At 1 December 2013 |
394 |
394 |
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Charge for the year |
274 |
274 |
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At 30 November 2014 |
668 |
668 |
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Net book value |
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At 30 November 2014 |
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At 30 November 2013 |
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Climate Bonds Initiative
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued
Debtors |
Debtors includes £nil (2013 - £870) receivable after more than one year.
Creditors |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years not by instalments |
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Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.