SB_CORPORATE_FINANCE_PART - Accounts

SB CORPORATE FINANCE PARTNERS LIMITED - Company Information

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Company Registration No. 08053200 (England and Wales)

SB CORPORATE FINANCE PARTNERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Richard Anthony

Chartered Accountants

SB CORPORATE FINANCE PARTNERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SB CORPORATE FINANCE PARTNERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,748

332

Current assets

Debtors

92,186

73,156

Cash at bank and in hand

306

359

92,492

73,515

Creditors: amounts falling due within one year

(43,167)

(36,252)

Net current assets

49,325

37,263

Total assets less current liabilities

51,073

37,595

Capital and reserves

Called up share capital

50,010

Profit and loss account

1,063

(12,415)

Shareholders' funds

51,073

37,595

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 February 2016

Mr A Ben-Haim

Director

Company Registration No. 08053200

SB CORPORATE FINANCE PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 June 2014

581

Additions

1,999

At 31 May 2015

2,580

Depreciation

At 1 June 2014

249

Charge for the year

583

At 31 May 2015

832

Net book value

At 31 May 2015

1,748

At 31 May 2014

332

SB CORPORATE FINANCE PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

50,010 Ordinary shares of £1 each

50,010