Nude Finance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10761771 (England and Wales)

NUDE FINANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 MAY 2017 TO 31 MAY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Taylor

REGISTERED OFFICE:

CMS Cameron McKenna Nabarro Olswang LLP

Cannon Place

78 Cannon Street

London

EC4N 6AF

REGISTERED NUMBER:

10761771 (England and Wales)

FIXED ASSETS

Tangible assets

3

168,324

CURRENT ASSETS

Debtors

4

11

Cash at bank

2,641

2,652

CREDITORS

Amounts falling due within one year

5

278,199

NET CURRENT LIABILITIES

(275,547

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(107,223

)

CAPITAL AND RESERVES

Called up share capital

6

115

Retained earnings

(107,338

)

SHAREHOLDERS' FUNDS

(107,223

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 8 February 2019 and were signed by:

C Taylor - Director

1.	STATUTORY INFORMATION

Nude Finance Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Assets in the course of construction

-

no depreciation provided

Taxation

Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Going concern

The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance

sheet date as the director is the company's main creditor and he will not seek repayment of his loan until the

company has sufficient funds.

3.	TANGIBLE FIXED ASSETS

Assets in

the

course of

construction

£

COST

Additions

168,324

At 31 May 2018

168,324

NET BOOK VALUE

At 31 May 2018

168,324

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

11

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Director's loan account

261,999

Other creditors

16,200

278,199

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

11,500

Ordinary

£0.01

115

On 9 May 2017 100 ordinary shares of £1 each were allotted and fully paid for cash at par. On 11 November

2017 100 ordinary shares of £1 each were subdivided into 10,000 ordinary shares of £0.01 each. On 11

November 2017 1,500 ordinary shares of £0.01 each were allotted.

7.	RELATED PARTY DISCLOSURES