OTCX TRADING LIMITED

OTCX TRADING LIMITED

OTCX TRADING LIMITED - Company Information

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OTCX TRADING LIMITED

Company Registration Number:
09100686 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

OTCX TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

OTCX TRADING LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 452,370 565,463
Total fixed assets: 452,370 565,463
Current assets
Debtors: 3 488,259 128,169
Cash at bank and in hand:   8,497
Total current assets: 488,259 136,666
Creditors: amounts falling due within one year: 4 (257,466)
Net current assets (liabilities): 230,793 136,666
Total assets less current liabilities: 683,163 702,129
Creditors: amounts falling due after more than one year: 5 (2,483,293) (1,397,093)
Total net assets (liabilities): (1,800,130) (694,964)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1,800,131) (694,965)
Shareholders funds: (1,800,130) (694,964)

The notes form part of these financial statements

OTCX TRADING LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 December 2018
and signed on behalf of the board by:

Name: Nicolas Koechlin
Status: Director

The notes form part of these financial statements

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

IFRS

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Intangible Assets

Total
Cost £
At 01 July 2017 565,463
At 30 June 2018 565,463
Amortisation
At 01 July 2017 0
Charge for year 113,093
At 30 June 2018 113,093
Net book value
At 30 June 2018 452,370
At 30 June 2017 565,463

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Debtors

2018 2017
££
Debtors due after more than one year: 0 0

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Creditors: amounts falling due within one year note

2018Creditors £197,821Bank overdraft £59,645

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

5. Creditors: amounts falling due after more than one year note

2018Loan from Group Company £2,483,293

OTCX TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

6. Related party transactions

Name of the related party: Nicolas Koechlin
Relationship:
Director
Description of the Transaction: Loans owed to Nicolas Koechlin due less than 1 year included in creditors
£
Balance at 01 July 2017 44,747
Balance at 30 June 2018 56,186