CADOGAN_FINANCIAL_LIMITED - Accounts

CADOGAN_FINANCIAL_LIMITED - Accounts

CADOGAN FINANCIAL LIMITED - Company Information

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Company Registration No. 06540332 (England and Wales)
CADOGAN FINANCIAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CADOGAN FINANCIAL LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
CADOGAN FINANCIAL LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CADOGAN FINANCIAL LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 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 Cadogan Financial Limited for the year ended 31 March 2016 set out on pages 3 to 9 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Cadogan Financial Limited, as a body, in accordance with the terms of our engagement letter dated 19 December 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Cadogan Financial Limited and state those matters that we have agreed to state to the Board of Directors of Cadogan Financial Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cadogan Financial Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Cadogan Financial 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 profit of Cadogan Financial Limited. You consider that Cadogan Financial 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 Cadogan Financial 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.
Pearson May
2 December 2016
Chartered Accountants
5 Wicker Hill
Trowbridge
Wiltshire
BA14 8JS
CADOGAN FINANCIAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1
1
Tangible assets
2
1,067
1,754
1,068
1,755
Current assets
Stocks
135
188
Debtors
94,779
59,211
Cash at bank and in hand
71,005
29,406
165,919
88,805
Creditors: amounts falling due within one year
(94,585)
(51,812)
Net current assets
71,334
36,993
Total assets less current liabilities
72,402
38,748
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
72,202
38,548
Shareholders'  funds
72,402
38,748
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 November 2016
M V St Giles
Ms S Buxton
Director
Director
Company Registration No. 06540332
CADOGAN FINANCIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
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).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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
3 year straight line
Fixtures, fittings & equipment
20% reducing balance
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
CADOGAN FINANCIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
78,000
6,435
84,435
Disposals
-
(1,202)
(1,202)
At 31 March 2016
78,000
5,233
83,233
Depreciation
At 1 April 2015
77,999
4,681
82,680
On disposals
-
(1,202)
(1,202)
Charge for the year
-
687
687
At 31 March 2016
77,999
4,166
82,165
Net book value
At 31 March 2016
1
1,067
1,068
At 31 March 2015
1
1,754
1,755
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
100 ordinary "B" shares of £1 each
100
100
200
200
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