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REGISTERED NUMBER: 03925900 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BOND FINANCIAL LIMITED

BOND FINANCIAL LIMITED (REGISTERED NUMBER: 03925900)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOND FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr M Georgiades





SECRETARY: Mr M Georgiades





REGISTERED OFFICE: Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 03925900 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

BOND FINANCIAL LIMITED (REGISTERED NUMBER: 03925900)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,281 5,595

CURRENT ASSETS
Debtors 6 87,737 102,901
Cash at bank and in hand 206,898 206,874
294,635 309,775
CREDITORS
Amounts falling due within one year 7 78,913 82,344
NET CURRENT ASSETS 215,722 227,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,003

233,026

CREDITORS
Amounts falling due after more than one
year

8

(32,212

)

(45,589

)

PROVISIONS FOR LIABILITIES (977 ) (977 )
NET ASSETS 187,814 186,460

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings 137,814 136,460
SHAREHOLDERS' FUNDS 187,814 186,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 applicable to companies subject to the small companies regime.

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

BOND FINANCIAL LIMITED (REGISTERED NUMBER: 03925900)

BALANCE SHEET - continued
31 OCTOBER 2023



The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr M Georgiades - Director


BOND FINANCIAL LIMITED (REGISTERED NUMBER: 03925900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Bond Financial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents fees and commissions receivable on submitted cases for the provision of financial services net of claw-back charges.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BOND FINANCIAL LIMITED (REGISTERED NUMBER: 03925900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Clawbacks
Clawbacks are charged against turnover as incurred.

A provision of 4% is also made in respect of gross fees from non investment insurance and retail investment policies and is included in trade debtors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
Leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 4,344 13,827 18,174 36,345
DEPRECIATION
At 1 November 2022 - 13,641 17,109 30,750
Charge for year - 47 267 314
At 31 October 2023 - 13,688 17,376 31,064
NET BOOK VALUE
At 31 October 2023 4,344 139 798 5,281
At 31 October 2022 4,344 186 1,065 5,595

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 6,626 17,897
Other debtors 21,605 22,045
Social security and other tax - 2,123
Called up share capital not paid 37,475 37,475
Prepayments 22,031 23,361
87,737 102,901

BOND FINANCIAL LIMITED (REGISTERED NUMBER: 03925900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 16,667 16,667
Trade creditors 2,428 8,542
Corporation tax 15,232 16,087
Pensions control 647 655
Directors' current accounts 350 176
Accrued expenses 43,589 40,217
78,913 82,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 16,667 16,667
Bank loans - 2-5 years 15,545 28,922
32,212 45,589

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
50,000 Ordinary £1 50,000 50,000

10. CONTROLLING PARTY

The director together with members of his close family own 100% of the issued share capital of the company.