JFH Fine Art Consultancy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08721839 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

JFH Fine Art Consultancy Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs J N Fitzalan Howard

SECRETARY:

REGISTERED OFFICE:

113 Eastbourne Mews

London

W2 6LQ

REGISTERED NUMBER:

08721839 (England and Wales)

ACCOUNTANTS:

Duncan King FCA

2 MacNeice Drive

Barton Park

Marlborough

Wiltshire

SN8 1TR

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 five) 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 JFH Fine Art Consultancy Limited for the year ended 31 October 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 JFH Fine Art Consultancy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JFH Fine Art Consultancy Limited and state those matters that we have agreed to state to the director of JFH Fine Art Consultancy Limited 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 JFH Fine Art Consultancy Limited 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 JFH Fine Art Consultancy Limited. You consider that JFH Fine Art Consultancy Limited 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 JFH Fine Art Consultancy Limited. 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.

Duncan King FCA

2 MacNeice Drive

Barton Park

Marlborough

Wiltshire

SN8 1TR

30 July 2016

FIXED ASSETS

Tangible assets

2

13,848

16,715

CURRENT ASSETS

Debtors

4,824

-

Cash at bank

139,589

207,251

144,413

207,251

CREDITORS

Amounts falling due within one year

34,797

56,851

NET CURRENT ASSETS

109,616

150,400

TOTAL ASSETS LESS CURRENT
LIABILITIES

123,464

167,115

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

123,463

167,114

SHAREHOLDERS' FUNDS

123,464

167,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 July 2016 and were signed by:

Mrs J N Fitzalan Howard - 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).

Turnover

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

Tangible fixed assets

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

Office equipment

-

20% on reducing balance

Motor vehicle

-

20% on reducing balance

Deferred tax

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

the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

20,328

Additions

594

At 31 October 2015

20,922

DEPRECIATION

At 1 November 2014

3,613

Charge for year

3,461

At 31 October 2015

7,074

NET BOOK VALUE

At 31 October 2015

13,848

At 31 October 2014

16,715

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

1

Ordinary

1