CMB Partners UK Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07556457

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

CMB Partners UK Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L Bednash

D Christou

REGISTERED OFFICE:

37 Sun street

London

EC2M 2PL

REGISTERED NUMBER:

07556457

FIXED ASSETS

Intangible assets

2

600,000

675,000

Tangible assets

3

7,944

10,592

607,944

685,592

CURRENT ASSETS

Stocks

67,712

67,907

Debtors

43,130

44,981

Cash at bank

48,047

70,633

158,889

183,521

CREDITORS

Amounts falling due within one year

673,615

791,303

NET CURRENT LIABILITIES

(514,726

)

(607,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

93,218

77,810

PROVISIONS FOR LIABILITIES

1,589

2,118

NET ASSETS

91,629

75,692

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

91,529

75,592

SHAREHOLDERS' FUNDS

91,629

75,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 9 December 2016 and were signed on its behalf by:

D Christou - Director

L Bednash - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

750,000

AMORTISATION

At 1 April 2015

75,000

Amortisation for year

75,000

At 31 March 2016

150,000

NET BOOK VALUE

At 31 March 2016

600,000

At 31 March 2015

675,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

13,240

DEPRECIATION

At 1 April 2015

2,648

Charge for year

2,648

At 31 March 2016

5,296

NET BOOK VALUE

At 31 March 2016

7,944

At 31 March 2015

10,592

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

ordinary

1

100