OXYGEN ASSET MANAGEMENT LIMITED - Accounts to registrar (filleted) - small 18.2
OXYGEN ASSET MANAGEMENT LIMITED - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| OXYGEN ASSET MANAGEMENT LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2018 |
| OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| OXYGEN ASSET MANAGEMENT LIMITED |
| Company Information |
| for the Year Ended 31 December 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Park View Court |
| St Paul's Road |
| Shipley |
| West Yorkshire |
| BD18 3DZ |
| OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978) |
| Balance Sheet |
| 31 December 2018 |
| 31.12.18 | 31.12.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978) |
| Balance Sheet - continued |
| 31 December 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2018 |
| 1. | STATUTORY INFORMATION |
| OXYGEN ASSET MANAGEMENT LIMITED is a |
| 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 |
| Turnover |
| Turnover is recognised on an accruals basis when services are provided. Turnover is measured as the fair value |
| of the consideration received, excluding trade discounts and value added tax. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Office equipment | - |
| 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. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Fixed asset investments |
| Fixed asset investments are stated at fair value where the fair value can be measured reliably. Where market |
| value cannot be reliably determined, such investments are stated at historic cost less impairment. Any impairment |
| during the year is recognised in the statement of income and retained earnings. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | Plant and | and | Office |
| improvements | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2018 |
| Additions |
| At 31 December 2018 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for year |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Fixed asset investments are stated at cost less impairment as a reliable fair value cannot be determined. The |
| investment comprises €500,000 (2017: €500,000) in a distribution centre located in Donabate, Ireland. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Trade creditors |
| Taxation |
| Other creditors |
| OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
| value: | £ | £ |
| Ordinary | £1.00 | 200 | 2 |
| Ordinary non-voting | £1.00 | 100 | - |
| 300 | 2 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, Oxygen Investment Management LLP ("the LLP") recharged expenses of £Nil (2017: £20,231) |
| to the company. At the year end the company was owed £1,355 (2017: £14,931) by the LLP. The LLP, an entity |
| in which the Directors have a controlling interest, is registered in England and Wales. |
| In 2017, the company provided working capital to 4Corners Industrial Asset Management Limited, an entity |
| registered in England & Wales, of £6,000. As at 31 December 2018 £6,000 (2017: £6,000) is repayable to the |
| company. The company's directors are also directors of 4Corners Industrial Asset Management Limited. The |
| funding is interest free, unsecured and repayable on demand. |
| 10. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party as control is shared by the two directors M.J.Harris and A Woodward, by |
| virtue of their 100% holding of the company's shares. |