FLARE_CAPITAL_LIMITED - Accounts

FLARE CAPITAL LIMITED - Company Information

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Company Registration No. 05586559 (England and Wales)

FLARE CAPITAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FLARE CAPITAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FLARE CAPITAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

Investments

40,001

40,002

Current assets

Debtors

92,300

80,250

Cash at bank and in hand

174,432

182,568

266,732

262,818

Creditors: amounts falling due within one year

(29,604)

(28,702)

Net current assets

237,128

234,116

Total assets less current liabilities

277,130

274,118

Capital and reserves

Called up share capital

Profit and loss account

277,128

274,116

Shareholders' funds

277,130

274,118

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2016

Mr P Greensmith

Director

Company Registration No. 05586559

FLARE CAPITAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with 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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015 & at 31 December 2015

468

80,000

80,468

Depreciation

At 1 January 2015 & at 31 December 2015

467

39,999

40,466

Net book value

At 31 December 2015

40,001

40,002

At 31 December 2014

40,001

40,002

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each