Open Connections Holdings Limited - Accounts to registrar (filleted) - small 18.2
Open Connections Holdings Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 |
FOR |
OPEN CONNECTIONS HOLDINGS LIMITED |
OPEN CONNECTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 03768227) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
OPEN CONNECTIONS HOLDINGS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 DECEMBER 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditor |
61 Queen Square |
Bristol |
BS1 4JZ |
OPEN CONNECTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 03768227) |
BALANCE SHEET |
31 DECEMBER 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
OPEN CONNECTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 03768227) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2018 |
1. | STATUTORY INFORMATION |
Open Connections Holdings Limited is a |
England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is the Pound Sterling (£). |
The company was dormant throughout the current year and previous year. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
Financial assets and liabilities are recognised in the balance sheet when the company |
becomes party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and are |
measured on initial recognition at transaction price. Debtors and creditors are subsequently |
measured at amortised cost using the effective interest rate method. A provision is |
established when there is objective evidence that the company not be able to collect all |
amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash |
in hand and at bank. |
Financial liabilities and equity instruments issued by the company are classified in |
accordance with the substance of the contractual arrangements entered into and the |
definitions of a financial liability and an equity instrument. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of |
its liabilities. Equity instruments issued by the company are recorded at the proceeds |
received, net of any direct issue costs. |
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. |
OPEN CONNECTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 03768227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2018 |
2. | ACCOUNTING POLICIES - continued |
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. |
Investments |
Investments held as fixed assets are stated at cost less provision for impairment in value. |
3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 |
NET BOOK VALUE |
At 31 December 2018 |
At 31 December 2017 |
The investment represents the entire issued share capital of Open Connections Solutions |
Limited, a company registered in England and Wales. |
In the financial year ended 31 December 2018, Open Connections Solutions Limited |
generated a profit after tax of £34,984 (2017 - loss of £141,489) and at that date had net |
assets of £365,358 (2017 - £330,374). Its principal activity is the provision of Enterprise |
Content Management (ECM) solutions including the resale of market leading software and |
the provision of professional services including consultancy, installation and training. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
OPEN CONNECTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 03768227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to group |
undertakings | 2 | 2 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
At the year end the company owed £2 (2017 - £2) to Open Connections Solutions Limited, |
the immediate subsidiary undertaking. |
The controlling party is |