Southport Structured Finance Limited - Limited company - abbreviated

REGISTERED NUMBER: 06964698 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Southport Structured Finance Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

R K Harrison

REGISTERED OFFICE:

12 Clarendon Road

LONDON

London

W11 3AB

REGISTERED NUMBER:

06964698 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

3000 Cathedral Hill

Guildford

Surrey

GU2 7YB

FIXED ASSETS

Tangible assets

2

463

926

CURRENT ASSETS

Debtors

9,364

19,596

Cash at bank

8,848

66,809

18,212

86,405

CREDITORS

Amounts falling due within one year

1,963

26,935

NET CURRENT ASSETS

16,249

59,470

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,712

60,396

PROVISIONS FOR LIABILITIES

93

185

NET ASSETS

16,619

60,211

CAPITAL AND RESERVES

Called up share capital

3

800

Profit and loss account

15,819

59,411

SHAREHOLDERS' FUNDS

16,619

60,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 28 October 2015 and were signed by:

R K Harrison - Director

1.	ACCOUNTING POLICIES

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 invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

50% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

1,950

DEPRECIATION

At 1 January 2014

1,024

Charge for year

463

At 31 December 2014

1,487

NET BOOK VALUE

At 31 December 2014

463

At 31 December 2013

926

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

800

Ordinary

£1

800

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.