Company Registration No. 05313485 (England and Wales)
Burg Finances Limited
Annual report and unaudited accounts
for the year ended 31 December 2016
Burg Finances Limited
Annual report and unaudited accounts
Contents
Burg Finances Limited
Company Information
for the year ended 31 December 2016
Company Number
05313485 (England and Wales)
Registered Office
11 Rosemont Road
Hampstead
London
NW3 6NG
Burg Finances Limited
Statement of financial position
as at 31 December 2016
Investments
150,337
150,337
Creditors: amounts falling due within one year
(4,900)
(2,103)
Net current liabilities
(4,900)
(2,103)
Total assets less current liabilities
145,437
148,234
Creditors: amounts falling due after more than one year
(150,337)
(150,337)
Net liabilities
(4,900)
(2,103)
Called up share capital
2
2
Profit and loss account
(4,902)
(2,105)
Shareholders' funds
(4,900)
(2,103)
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 27 February 2017.
Michael Waldner
Director
Company Registration No. 05313485
Burg Finances Limited
Statement of Changes in Equity
as at 31 December 2016
Share
capital
Profit
& loss
account
Total
Loss for the year
(2,105)
(2,105)
At 31 December 2015
2
(2,105)
(2,103)
At 1 January 2016
2
(2,105)
(2,103)
Loss for the year
(2,797)
(2,797)
At 31 December 2016
2
(4,902)
(4,900)
Burg Finances Limited
Notes to the Accounts
for the year ended 31 December 2016
Burg Finances Limited is a private company, limited by shares, registered in England and Wales, registration number 05313485. The registered office and principal place of business is 11 Rosemont Road, Hampstead, London, NW3 6NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Investments
Other investments
Valuation at 1 January 2016
150,337
Valuation at 31 December 2016
150,337
5
Creditors: amounts falling due within one year
2016
2015
Other creditors
4,900
2,103
6
Creditors: amounts falling due after more than one year
2016
2015
Other creditors
150,337
150,337
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Burg Finances Limited
Notes to the Accounts
for the year ended 31 December 2016
8
Average number of employees
During the year the average number of employees was 0 (2015: 0).
