REGISTERED NUMBER: |
BOND WOLFE FINANCE LIMITED |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
REGISTERED NUMBER: |
BOND WOLFE FINANCE LIMITED |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
BOND WOLFE FINANCE LIMITED (REGISTERED NUMBER: 09935121) |
Contents of the Financial Statements |
for the Year Ended 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BOND WOLFE FINANCE LIMITED |
Company Information |
for the Year Ended 31 July 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
59-61 Charlotte Street |
St Pauls Square |
Birmingham |
West Midlands |
B3 1PX |
BOND WOLFE FINANCE LIMITED (REGISTERED NUMBER: 09935121) |
Balance Sheet |
31 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
BOND WOLFE FINANCE LIMITED (REGISTERED NUMBER: 09935121) |
Balance Sheet - continued |
31 July 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BOND WOLFE FINANCE LIMITED (REGISTERED NUMBER: 09935121) |
Notes to the Financial Statements |
for the Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
Bond Wolfe Finance Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Sales consist of interest receivable and introductory commissions received in respect of loans provided by the company through its trading activities. |
Introductory commissions are recognised at the point of commencement of a new loan. Interest receivable is accrued on a straight line basis over the period of the loan to the extent that it can be measured reliably over the course of the loan term. Income receivable that is contingent on future events is not recognised until the contingency has been resolved and the receipt of income is certain and can be measured reliably. |
Loan receivables are classified as trade debtors and are carried at cost less impairment. |
Financial instruments |
The company has opted to apply the small company disclosure exemptions from the reporting requirements of FRS 102 concerning financial instruments. |
Taxation |
Taxation for the year comprises current and deferred 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 or deferred 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
BOND WOLFE FINANCE LIMITED (REGISTERED NUMBER: 09935121) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
4. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
Additions | 1,172,505 |
At 31 July 2023 | 1,172,505 |
NET BOOK VALUE |
At 31 July 2023 | 1,172,505 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Tax |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |