| FIN CAPITAL LIMITED |
| Registered number: |
06247959 |
| Abbreviated Balance Sheet |
| as at 31 May 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,468,266 |
|
|
1,468,333 |
|
| Current assets |
| Debtors |
|
|
2,626 |
|
|
2,594 |
| Cash at bank and in hand |
|
|
345,908 |
|
|
341,297 |
|
|
|
348,534 |
|
|
343,891 |
|
| Creditors: amounts falling due within one year |
|
|
(1,400,377) |
|
|
(1,438,059) |
|
| Net current liabilities |
|
|
|
(1,051,843) |
|
|
(1,094,168) |
|
| Total assets less current liabilities |
|
|
|
416,423 |
|
|
374,165 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(76,718) |
|
|
(85,568) |
|
|
|
| Net assets |
|
|
|
339,705 |
|
|
288,597 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
339,703 |
|
|
288,595 |
|
| Shareholders' funds |
|
|
|
339,705 |
|
|
288,597 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| M Findlay |
| Director |
| Approved by the board on 17 February 2017 |
|
| FIN CAPITAL LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 invoiced sales of rent and service charges. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land & buildings |
in accordance with the property |
|
Plant and machinery etc |
25% reducing balance |
|
|
Deferred taxation |
|
Provision is made at current rates for deferred taxation in respect of all material timing differences except that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the forseeable future. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2015 |
1,470,144 |
|
At 31 May 2016 |
1,470,144 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2015 |
1,811 |
|
Charge for the year |
67 |
|
At 31 May 2016 |
1,878 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
1,468,266 |
|
At 31 May 2015 |
1,468,333 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
51,568 |
|
51,568 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
B Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
