Compare My Loan Limited

Contents
	Page
Statement of Financial Position	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 07574726

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		668		1

			668		1
CURRENT ASSETS
Debtors	6	1,284		2,634
Cash at bank and in hand		5,096		-

		6,380		2,634
Creditors: Amounts Falling Due Within One Year	7	(5,908 )		(2,571 )

NET CURRENT ASSETS (LIABILITIES)			472		63

TOTAL ASSETS LESS CURRENT LIABILITIES			1,140		64

NET ASSETS			1,140		64

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and loss account			1,139		63

SHAREHOLDERS' FUNDS			1,140		64

Page 1

Statement of Financial Position (continued)

For The Year Ended 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has 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.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Income Statement

On behalf of the board

Mr Patrick Litani

15/12/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	1	64	65
Loss for the year and total comprehensive income	-	(1 )	(1)

As at 31 March 2016 and 1 April 2016	1	63	64


Profit for the year and total comprehensive income	-	4,076	4,076

Dividends paid	-	(3,000)	(3,000)

As at 31 March 2017	1	1,139	1,140

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% straight line

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	1	1

	1	1

5. Tangible Assets


	Plant & Machinery
	£
Cost
As at 1 April 2016	399
Additions	890

As at 31 March 2017	1,289

Depreciation
As at 1 April 2016	398
Provided during the period	223

As at 31 March 2017	621

Net Book Value
As at 31 March 2017	668

As at 1 April 2016	1

Page 4

Compare My Loan Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

6. Debtors

	2017	2016
	£	£
Due within one year
Other debtors	1,284	2,634

	1,284	2,634

7. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Corporation tax	1,009	-
Other taxes and social security	86	86
Accruals and deferred income	1,000	1,350
Director's loan account	3,813	1,135

	5,908	2,571

8. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

9. Transactions With and Loans to Directors

Dividends paid to directors

10. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	3,000	-

	3,000	-

11. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

12. Transition to FRS 102

No adjustments are required as a result of the transition to FRS 102

13. General Information

Compare My Loan Limited Registered number 07574726 is a limited by shares company incorporated in England & Wales. The Registered Office is 13 Haycroft Gardens, London, NW10 3JJ.