Company Registration No. 09595951 (England and Wales)
THE FINANCE GROUP LIMITED
Unaudited accounts
for the year ended 31 December 2020
THE FINANCE GROUP LIMITED
Unaudited accounts
Contents
THE FINANCE GROUP LIMITED
Company Information
for the year ended 31 December 2020
Company Number
09595951 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET
LONDON
W1W 7LT
ENGLAND
THE FINANCE GROUP LIMITED
Statement of financial position
as at
31 December 2020
Tangible assets
655,244
113,752
Cash at bank and in hand
477,942
108,283
Creditors: amounts falling due within one year
(301,435)
(782,534)
Net current assets
744,088
112,444
Net assets
1,399,332
226,196
Called up share capital
500,001
500,001
Profit and loss account
899,331
(273,805)
Shareholders' funds
1,399,332
226,196
For the year ending 31 December 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 January 2021 and were signed on its behalf by
Jan Muller
Director
Company Registration No. 09595951
THE FINANCE GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2020
THE FINANCE GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09595951. The registered office is 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2020
-
-
-
241,079
241,079
Additions
428,900
137,022
47,432
42,898
656,252
At 31 December 2020
428,900
137,022
47,432
283,977
897,331
At 1 January 2020
-
-
-
127,327
127,327
Charge for the year
7,342
25,982
7,334
74,102
114,760
At 31 December 2020
7,342
25,982
7,334
201,429
242,087
At 31 December 2020
421,558
111,040
40,098
82,548
655,244
At 31 December 2019
-
-
-
113,752
113,752
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Debtors: amounts falling due within one year
2020
2019
Trade debtors
325,497
382,557
Amounts due from group undertakings etc.
-
40,395
THE FINANCE GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2020
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Creditors: amounts falling due within one year
2020
2019
Trade creditors
26,255
3,602
Taxes and social security
275,180
-
Other creditors
-
757,668
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Average number of employees
During the year the average number of employees was 18 (2019: 2).