Soaring Falcon Limited - Period Ending 2015-03-31

Registration number: 08537217

Soaring Falcon Limited

Unaudited Abbreviated Accounts

for the Period from 1 June 2014 to 31 March 2015

 

Soaring Falcon Limited
Chartered Certified Accountants

Soaring Falcon Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Soaring Falcon Limited
for the Period Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Soaring Falcon Limited for the period ended 31 March 2015 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Soaring Falcon Limited, as a body, in accordance with the terms of our engagement letterdated 1 October 2015. Our work has been undertaken solely to prepare for your approval the accounts of Soaring Falcon Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Soaring Falcon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Soaring Falcon Limited 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 Soaring Falcon Limited. You consider that Soaring Falcon Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Soaring Falcon Limited. 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.

......................................

Soaring Falcon Limited
Chartered Certified Accountants

6 October 2015

Page 1

Soaring Falcon Limited
(Registration number: 08537217)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £			31 May 2014 £
Fixed assets
Tangible fixed assets					1,164			1,164
Current assets
Debtors					587			-
Cash at bank and in hand					3,000			5,009
					3,587			5,009
Creditors: Amounts falling due within one year					(4,493)			(5,862)
Net current liabilities					(906)			(853)
Net assets					258			311
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					257			310
Shareholders' funds					258			311

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 6 October 2015

.........................................
A M Falcon Huerta
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Soaring Falcon Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2014 to 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Fixtures and fittings	25% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Soaring Falcon Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2014 to 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		1,434			1,434
At 31 March 2015		1,434			1,434
Depreciation
At 1 June 2014		270			270
At 31 March 2015		270			270
Net book value
At 31 March 2015		1,164			1,164
At 31 May 2014		1,164			1,164

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 May 2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 4