Abbreviated Company Accounts - EIGHT BOND LTD

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 January 2015.

Other accounting policies
Going concern

The director has prepared the financial statements on the going concern basis. This is considered appropriate as the company's shareholders and creditors will continue to provide financial support to the company for the foreseeable future. Should the company be unable to continue with its principal activity of holding and managing investments, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Deferred taxation


Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.


A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Profit and loss account.

Compliance with and departure from accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

The company has not disclosed the ultimate controlling party which is a requirement of the Financial Reporting Standard for Smaller Entities (effective January 2015). This is a departure from the accounting standard. The director is of the opinion that the non-disclosure of this information does not affect the truth and fairness of the financial statements.

2Fixed assets Investments
Cost or valuation £

Additions 21,776
Disposals (5,509)

At 31 October 2015 16,267


Participating interests

The below company has an incorporation date of 25 March 2015 therefore there are no accounts available.

Associates

Name Studio Tributario Luca Vitiello & C S.P.A
Country of incorporation Italy
Class of shares Ordinary
Holding 45%
Principal activity Tax and financial services

The share capital has been issued at par with a nominal value of £1 each.