CUMBERLAND_FINANCE_CO._LI - Accounts

CUMBERLAND FINANCE CO. LIMITED - Company Information

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Company Registration No. 01482950 (England and Wales)

CUMBERLAND FINANCE CO. LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

CUMBERLAND FINANCE CO. LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

CUMBERLAND FINANCE CO. LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CUMBERLAND FINANCE CO. LIMITED FOR THE YEAR ENDED 30 JUNE 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cumberland Finance Co. Limited for the year ended 30 June 2016 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Cumberland Finance Co. Limited, as a body, in accordance with the terms of our engagement letter dated 11 June 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Cumberland Finance Co. Limited and state those matters that we have agreed to state to the Board of Directors of Cumberland Finance Co. Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cumberland Finance Co. Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Cumberland Finance Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cumberland Finance Co. Limited. You consider that Cumberland Finance Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cumberland Finance Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gerald Edelman

28 March 2017

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

CUMBERLAND FINANCE CO. LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

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2016

2015

Notes

Current assets

Debtors

165,962

166,203

Total assets less current liabilities

165,962

166,203

Capital and reserves

Called up share capital

Profit and loss account

165,956

166,197

Shareholders' funds

165,962

166,203

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 28 March 2017

P Silver

Director

Company Registration No. 01482950

CUMBERLAND FINANCE CO. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

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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 January 2015).

1.2

Compliance with and departure from 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).

No depreciation is provided in respect of freehold land.

Share capital

2016

2015

Allotted, called up and fully paid

3 Ordinary shares of £1 each

3 Deferred 'A' shares of £1 each