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Company Registration No. SC624197 (Scotland)
Channel Finance Group Limited Unaudited accounts for the year ended 31 March 2024
Channel Finance Group Limited Annual report and unaudited accounts for the year ended 31 March 2024
CONTENTS
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Channel Finance Group Limited Company Information for the year ended 31 March 2024
Directors
Michael Paul Savage Claire McLaughlan
Company Number
SC624197 (Scotland)
Registered Office
Pavillion 1 (Channel House) The Approach Glasgow Business Park Glasgow G69 6GA United Kingdom
Accountants
BCi Accountants Suite 2/3 - 48 West George Street Glasgow Scotland G2 1BP
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Channel Finance Group Limited Accountants' report
Accountants' report to the board of directors of Channel Finance Group Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Channel Finance Group Limited for the year ended 31 March 2024 as set out on pages 5 - 5 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Channel Finance Group Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Channel Finance Group Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Channel Finance Group Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Channel Finance Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Channel Finance Group Limited. You consider that Channel Finance Group 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 accounts of Channel Finance Group 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 accounts.
BCi Accountants Suite 2/3 - 48 West George Street Glasgow Scotland G2 1BP 13 January 2025
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Channel Finance Group Limited Statement of Financial Position as at 31 March 2024
2024 
£ 
Fixed assets
171,550 
Current assets
24,884 
Prepayments and accrued income
23,552 
Creditors: amounts falling due within one year
(9,294)
Net current assets
39,142 
Total assets less current liabilities
210,692 
Creditors: amounts falling due after more than one year
(80,000)
Net assets
130,692 
Capital and reserves
130,692 
NOTES TO THE ACCOUNTS
1 Statutory information
Channel Finance Group Limited is a private company, limited by shares, registered in Scotland, registration number SC624197. The registered office is Pavillion 1 (Channel House), The Approach, Glasgow Business Park, Glasgow, G69 6GA, United Kingdom.
2 Average number of employees
During the year the average number of employees was 4.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 13 January 2025
Michael Paul Savage Director Company Registration No. SC624197
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