Climate Bonds Initiative - Period Ending 2015-11-30

CLIMATE BONDS INITIATIVE - Company Information

Registration number: 07455730

Climate Bonds Initiative

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015

Bambridge Accountants
44 Maiden Lane
4th Floor
London
WC2E 7LN

Climate Bonds Initiative
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Climate Bonds Initiative
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Climate Bonds Initiative for the year ended 30 November 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 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 Board of Directors of Climate Bonds Initiative, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Climate Bonds Initiative and state those matters that we have agreed to state to them, as a body, 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 Climate Bonds Initiative and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Climate Bonds Initiative has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Climate Bonds Initiative. You consider that Climate Bonds Initiative 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 accounts of Climate Bonds Initiative. 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.

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

Bambridge Accountants
44 Maiden Lane
4th Floor
London
WC2E 7LN

15 July 2016

Page 1

Climate Bonds Initiative
(Registration number: 07455730)
Abbreviated Balance Sheet at 30 November 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets		4,177	701
Current assets
Debtors		123,058	91,459
Cash at bank and in hand		136,693	2,457
		259,751	93,916
Creditors: Amounts falling due within one year		(323,100)	(102,857)
Net current liabilities		(63,349)	(8,941)
Total assets less current liabilities		(59,172)	(8,240)
Creditors: Amounts falling due after more than one year		-	(4,000)
Net liabilities		(59,172)	(12,240)
Capital and reserves
Profit and loss account		(59,172)	(12,240)
Shareholders' deficit		(59,172)	(12,240)

For the year ending 30 November 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 15 July 2016 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Climate Bonds Initiative
(Registration number: 07455730)
Abbreviated Balance Sheet at 30 November 2015
......... continued

.........................................
Mr Sean Kidney
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Climate Bonds Initiative
Notes to the Abbreviated Accounts for the Year Ended 30 November 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 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
Office equipment	20% straight line
Plant and machinery	20% straight line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2014	1,369	1,369
Additions	4,345	4,345
At 30 November 2015	5,714	5,714
Depreciation
At 1 December 2014	668	668
Charge for the year	869	869
At 30 November 2015	1,537	1,537
Net book value
At 30 November 2015	4,177	4,177
At 30 November 2014	701	701

Page 4

Climate Bonds Initiative
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

Creditors

Included in the creditors are the following amounts due after more than five years:

	2015 £	2014 £

After more than five years not by instalments	-	4,000

4	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £5 towards the assets of the company in the event of liquidation.

Page 5