Falcon Int. Financial Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06208954 (England and Wales)

FALCON INTERNATIONAL FINANCIAL

SERVICES LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

M S Baker

REGISTERED OFFICE:

30 Crown Place

London

EC2A 4EB

REGISTERED NUMBER:

06208954 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

CURRENT ASSETS

Debtors

168,708

4,708

Cash at bank

-

24

168,708

4,732

CREDITORS

Amounts falling due within one year

(68,960

)

(2,820

)

NET CURRENT ASSETS

99,748

1,912

TOTAL ASSETS LESS CURRENT LIABILITIES

99,748

1,912

CAPITAL AND RESERVES

Called up share capital

2

5,002

5,002

Profit and loss account

94,746

(3,090

)

SHAREHOLDERS' FUNDS

99,748

1,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 13 May 2016 and were signed by:

M S Baker - 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).

The accounts have been prepared on a going concern basis. A full review of the going concern position has been

set out in the Report of the Directors.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

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

balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a

right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences

between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,002

Ordinary

£1

5,002

5,002

3.	POST BALANCE SHEET EVENTS

On the 10 November 2015 the company entered in to separate loan agreements with Cadnam Management

Limited and College Wood Farm Phase 1 Limited. The company has an operators agreement with both Cadnam

Management Limited and College Wood Farm Phase 1 Limited and the loans are provided to enable the

company to fulfil its obligations under these agreements.

The loan is repayable by means of offset when the company settles liabilities incurred on behalf Cadnam

Management Limited and College Wood Farm Phase 1 Limited. Interest is charged at 4% on each of the loans.

4.	ULTIMATE CONTROLLING PARTY

The company is controlled by Invexus Financial Group Limited by virtue of its 100% shareholding.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Falcon International Financial Services Ltd for the year ended 30 September 2015 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes 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 director of Falcon International Financial Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Falcon International Financial Services Ltd and state those matters that we have agreed to state to the director of Falcon International Financial Services Ltd 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 the company and its director for our work or for this report.

It is your duty to ensure that Falcon International Financial Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Falcon International Financial Services Ltd. You consider that Falcon International Financial Services Ltd 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 financial statements of Falcon International Financial Services Ltd. 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 financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights

against Bessler Hendrie for any purpose or in any context. Any party, other than the Directors, who obtain access to this

report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

13 May 2016