Bond Finance Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05050021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BOND FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B J Mainwaring

D W Newbery

REGISTERED OFFICE:

50

Gresham Street

London

EC2V 7AY

REGISTERED NUMBER:

05050021 (England and Wales)

ACCOUNTANTS:

React Business Services

City Pavilion, Cannon Green

27 Bush Lane

London

EC4R 0AA

FIXED ASSETS

Tangible assets

4

6,144

5,550

CURRENT ASSETS

Debtors

5

177,584

151,780

Cash at bank

188,011

174,308

365,595

326,088

CREDITORS

Amounts falling due within one year

6

90,732

93,029

NET CURRENT ASSETS

274,863

233,059

TOTAL ASSETS LESS CURRENT LIABILITIES

281,007

238,609

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

266,007

223,609

281,007

238,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 16 May 2024 and were signed on its behalf by:

D W Newbery - Director

1.	STATUTORY INFORMATION

Bond Finance 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2023

13,071

Additions

1,981

At 31 March 2024

15,052

DEPRECIATION

At 1 April 2023

7,521

Charge for year

1,387

At 31 March 2024

8,908

NET BOOK VALUE

At 31 March 2024

6,144

At 31 March 2023

5,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

10,886

-

Amounts owed by group undertakings

148,402

148,140

Other debtors

18,296

3,640

177,584

151,780

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Amounts owed to participating interests

86,596

86,596

Taxation and social security

599

-

Other creditors

3,537

6,433

90,732

93,029