Commodity Options Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09101957 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

COMMODITY OPTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr N S Felgate

REGISTERED OFFICE:

27 Homestead Road

Chelsfield

Orpington

Kent

BR6 6HN

REGISTERED NUMBER:

09101957 (England and Wales)

CURRENT ASSETS

Debtors

380,111

100

Cash at bank

83,172

-

463,283

100

CREDITORS

Amounts falling due within one year

161,473

-

NET CURRENT ASSETS

301,810

100

TOTAL ASSETS LESS CURRENT LIABILITIES

301,810

100

CAPITAL AND RESERVES

Called up share capital

2

592,500

100

Profit and loss account

(290,690

)

-

SHAREHOLDERS' FUNDS

301,810

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 October 2016 and were signed by:

Dr N S Felgate - 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

592,500

100

592,400 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.