Waterman Finance Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05105320 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 1 JULY 2016

FOR

WATERMAN FINANCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

H N Sayani

SECRETARY:

H N Sayani

REGISTERED OFFICE:

9 Bentinck Street

London

W1U 2EY

REGISTERED NUMBER:

05105320 (England and Wales)

CURRENT ASSETS

Debtors

3

239,109

244,889

Cash at bank

2,653

6,085

241,762

250,974

CREDITORS

Amounts falling due within one year

(124,036

)

(95,663

)

NET CURRENT ASSETS

117,726

155,311

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,726

155,311

CREDITORS

Amounts falling due after more than one
year

(84,729

)

(122,122

)

NET ASSETS

32,997

33,189

CAPITAL AND RESERVES

Called up share capital

4

111,250

Profit and loss account

(78,253

)

(78,061

)

SHAREHOLDERS' FUNDS

32,997

33,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 July 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 23 March 2017 and were signed by:

H N Sayani - 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).

Tangible fixed assets

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

Computer equipment

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Depreciation and amortisation

Depreciation of the assets and amortisation has not been provided in these accounts since the company

commenced int he following period.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 2 July 2015

and 1 July 2016

1,106

DEPRECIATION

At 2 July 2015

and 1 July 2016

1,106

NET BOOK VALUE

At 1 July 2016

-

At 1 July 2015

-

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 11,509 (2015 - £ 11,509 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

31,250

A Ordinary shares

£1

31,250

80,000

B Ordinary shares

£1

80,000

111,250