Omni Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09373963 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Omni Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N J Wright

A K Roberts

REGISTERED OFFICE:

14 Clarendon Street

Nottingham

Nottinghamshire

NG1 5HQ

REGISTERED NUMBER:

09373963 (England and Wales)

ACCOUNTANTS:

Botham Accounting Limited

Chartered Accountants

14 Clarendon Street

Nottingham

Nottinghamshire

NG1 5HQ

CURRENT ASSETS

Debtors

4

1,514,751

1,410,254

Cash at bank and in hand

14,534

19,247

1,529,285

1,429,501

CREDITORS

Amounts falling due within one year

5

1,307,436

484,597

NET CURRENT ASSETS

221,849

944,904

TOTAL ASSETS LESS CURRENT LIABILITIES

221,849

944,904

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

221,749

944,804

SHAREHOLDERS' FUNDS

221,849

944,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 13 May 2019 and were signed on its behalf by:

A K Roberts - Director

N J Wright - Director

1.	STATUTORY INFORMATION

Omni Developments Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number and registered office address can be found on the Company information page.

The company's place of business is 2nd Floor South, 30 Woolpack Lane, Nottingham, NG1 1GA.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The functional currency of Omni Developments Limited is considered to be pounds sterling.

Turnover

Turnover represents net invoiced sales, excluding value added tax.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

1,514,751

1,410,254

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,095

2,429

Taxation and social security

653

194,368

Other creditors

1,304,688

287,800

1,307,436

484,597

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Retained

earnings

£

At 1 September 2017

944,804

Deficit for the year

(723,055

)

At 31 August 2018

221,749

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.