Abbreviated Company Accounts - HOLBORN FINANCIAL LIMITED

HOLBORN FINANCIAL LIMITED - Company Information

03247997 HOLBORN FINANCIAL LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 03247997 2014-10-01 2015-09-30 03247997 2015-09-30 03247997 2014-09-30 03247997 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 03247997 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 03247997

HOLBORN FINANCIAL LIMITED

Abbreviated Accounts

30 September 2015

HOLBORN FINANCIAL LIMITED Registered Number 03247997

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	82,500	90,000
Tangible assets	3	10,955	14,605
		93,455	104,605
Current assets
Debtors		6,946	6,946
Cash at bank and in hand		24,009	56,132
		30,955	63,078
Creditors: amounts falling due within one year	4	(52,291)	(54,086)
Net current assets (liabilities)		(21,336)	8,992
Total assets less current liabilities		72,119	113,597
Total net assets (liabilities)		72,119	113,597
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		72,019	113,497
Shareholders' funds		72,119	113,597

For the year ending 30 September 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 directors acknowledge their 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 Board on 30 September 2015

And signed on their behalf by:
Mr E G Blease, Director

HOLBORN FINANCIAL LIMITED Registered Number 03247997

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The Turnover shown in the Profit and Loss Account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% per annum (reducing balance basis)
Equipment - 25% per annum (reducing balance basis)

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost, less its estimated residual value over the useful economic life of that asset as follows:

Goodwill - 10% per annum (straight line basis)

2Intangible fixed assets

	£
Cost
At 1 October 2014	150,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	150,000
Amortisation
At 1 October 2014	60,000
Charge for the year	7,500
On disposals	-
At 30 September 2015	67,500
Net book values
At 30 September 2015	82,500
At 30 September 2014	90,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	24,801
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	24,801
Depreciation
At 1 October 2014	10,196
Charge for the year	3,650
On disposals	-
At 30 September 2015	13,846
Net book values
At 30 September 2015	10,955
At 30 September 2014	14,605

4Creditors

	2015 £	2014 £
Secured Debts	47,829	51,421

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100