ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2013

FOR

AGM FINANCE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

G Masouras

REGISTERED OFFICE:

1-3 St Margarets Terrace

Weston Super Mare

Somerset

BS23 1AH

REGISTERED NUMBER:

05319045 (England and Wales)

ACCOUNTANTS:

T P Lewis & Partners

3/5 College Street

Burnham on Sea

Somerset

TA8 1AR

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of AGM Finance Limited for the year ended 31 March 2013 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of AGM Finance Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

AGM Finance Limited and state those matters that we have agreed to state to the director of AGM Finance

Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

director for our work or for this report.

It is your duty to ensure that AGM Finance Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

loss of AGM Finance Limited. You consider that AGM Finance 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 financial statements of AGM Finance

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 financial statements.

T P Lewis & Partners

3/5 College Street

Burnham on Sea

Somerset

TA8 1AR

13 November 2013

CURRENT ASSETS

Debtors

5,286

5,530,484

Cash at bank

302

312

5,588

5,530,796

CREDITORS

Amounts falling due within one year

3,852,552

7,459,951

NET CURRENT LIABILITIES

(3,846,964

)

(1,929,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,846,964

)

(1,929,155

)

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

(3,846,965

)

(1,929,156

)

SHAREHOLDERS' FUNDS

(3,846,964

)

(1,929,155

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 November 2013 and were signed by:

G Masouras - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the

company will continue in operational existence for the foreseeable future not withstanding the

deficiency of £3,846,964 in shareholders' funds at 31 March 2013.

The validity of the assumption depends on the continuing support of the shareholders. Based on their

experience of the business the directors believe that this support will continue and the directors

therefore consider it appropriate to prepare the financial statements on the going concern basis.

Should the going concern basis of preparation of the financial statements be found inappropriate,

certain assets may need revaluing and further liabilities provided for, both potential adjustments

having consequent effects on the profit and loss account. The financial statements do not include any

such adjustments.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

ordinary

£1

1

1