Hestiun Finance (U.K.) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06955493 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

HESTIUN FINANCE (U.K.) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J R Beardsley

I Dunsford

REGISTERED OFFICE:

1 Bramley Business Centre

Station Road

Bramley

Surrey

GU5 0AZ

REGISTERED NUMBER:

06955493 (England and Wales)

CURRENT ASSETS

Debtors

1,951

7,310

Cash at bank

9,239

35,163

11,190

42,473

CREDITORS

Amounts falling due within one year

150,432

149,064

NET CURRENT LIABILITIES

(139,242

)

(106,591

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(139,242

)

(106,591

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(139,243

)

(106,592

)

SHAREHOLDERS' FUNDS

(139,242

)

(106,591

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 August 2014 and were signed on its behalf by:

J R Beardsley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, which the directors consider to be

appropriate, they have agreed not to withdraw their loan accounts and to provide the necessary finance to enable

the company to meet its liabilities as they fall due.

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 April 2008).

Turnover

Turnover represents sales of management consultancy services, excluding value added tax, performed during the

year.

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

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

6,277

DEPRECIATION

At 1 January 2013

and 31 December 2013

6,277

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2013, J R Beardsley had loaned the company £1,063 (2012 - £975). There is no interest due

on the loan and it is repayable upon demand.

5.	ULTIMATE CONTROLLING PARTY

J R Beardsley is the ultimate controlling party by virtue of his controlling shareholding in the company.