Opes Real Estate Limited 30/06/2018 iXBRL
Opes Real Estate Limited 30/06/2018 iXBRL
Statement of consent to prepare abridged financial statements
Company registration number:
08121351
Information for Filing with The Registrar
Contents
Abridged statement of financial position
Notes to the financial statements
Abridged statement of financial position
30 June 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
(
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(
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_______ | _______ | ||||||||
Net current assets/(liabilities) |
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(
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
(
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- | |||||||
_______ | _______ | ||||||||
Net (liabilities)/assets |
(
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital | 6 |
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Profit and loss account |
(
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_______ | _______ | ||||||||
Shareholders (deficit)/funds |
(
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_______ | _______ | ||||||||
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 March 2019
, and are signed on behalf of the board by:
Director
Company registration number:
08121351
Notes to the financial statements
Year ended 30 June 2018
1.
General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is 20-22 Wenlock Road, London, England, N1 7GU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
The company meets its day to day working capital requirements through the continued support of its shareholder for the foreseeable future, and at least 12 months from the date of signing these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment | - |
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|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2017:
2
).
5.
Tangible assets
£ | ||
Cost | ||
At 1 July 2017 and 30 June 2018 |
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_______ | ||
Depreciation | ||
At 1 July 2017 |
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Charge for the year |
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_______ | ||
At 30 June 2018 |
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_______ | ||
Carrying amount | ||
At 30 June 2018 |
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_______ | ||
At 30 June 2017 |
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_______ | ||
6.
Called up share capital
Issued, called up and fully paid
2018 | 2017 | ||||||||
No | £ | No | £ | ||||||
Amounts presented in equity: | |||||||||
|
1 | 1 | 1 | 1 | |||||
_______ | _______ | _______ | _______ | ||||||
Amounts presented in liabilities: | |||||||||
|
1 | 1 | 1 | 1 | |||||
_______ | _______ | _______ | _______ | ||||||
7.
Controlling party
In the opinion of the director, the company is controlled ultimately by
Tim Lewis
.