Carne Global Financial Services (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05393362 (England and Wales)

CARNE GLOBAL FINANCIAL SERVICES (UK) LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

A J Skelly

REGISTERED OFFICE:

C/O Marcussen Consulting LLP

Bath Brewery

Toll Bridge

Bath

BA1 7DE

REGISTERED NUMBER:

05393362 (England and Wales)

ACCOUNTANTS:

Clear Vision Accountancy Limited

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

CURRENT ASSETS

Debtors

2

3,551

9,569

Cash at bank

1,146

95

4,697

9,664

CREDITORS

Amounts falling due within one year

1,684

2,163

NET CURRENT ASSETS

3,013

7,501

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,013

7,501

CREDITORS

Amounts falling due after more than one
year

73,474

74,482

NET LIABILITIES

(70,461

)

(66,981

)

CAPITAL AND RESERVES

Called up share capital

3

40,000

Profit and loss account

(110,461

)

(106,981

)

SHAREHOLDERS' FUNDS

(70,461

)

(66,981

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 21 July 2016 and were signed by:

A J Skelly - 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 January 2015).

Deferred tax

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

sheet date.

Going concern

The director has assessed whether the company is a going concern and has considered all available information

about the future and is confident of the company's ability to continue as a going concern. The company's parent

company will continue to support the liabilities of the business.

2.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 3,481 (2015 - £ 7,883 )

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

40,000

Ordinary

£1

40,000

4.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Carne Global Financial Services Limited, a company registered in

the Republic of Ireland.

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 Carne Global Financial Services (UK) Ltd for the year ended 31 March 2016 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 Carne Global Financial Services (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Carne Global Financial Services (UK) Ltd and state those matters that we have agreed to state to the director of Carne Global Financial Services (UK) 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 Carne Global Financial Services (UK) 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 loss of Carne Global Financial Services (UK) Ltd. You consider that Carne Global Financial Services (UK) 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 Carne Global Financial Services (UK) 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.

Clear Vision Accountancy Limited

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

25 July 2016