Oakmount & Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07101464 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

Oakmount & Partners Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Director:

G King

Registered office:

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Registered number:

07101464 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

187

14,409

Current assets

Debtors

59,827

42,522

Cash at bank

51,972

51,666

111,799

94,188

Creditors

Amounts falling due within one year

(111,807

)

(43,203

)

Net current (liabilities)/assets

(8

)

50,985

Total assets less current liabilities

179

65,394

Capital and reserves

Called up share capital

1

1

Retained earnings

178

65,393

Shareholders' funds

179

65,394

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

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

The director acknowledges his 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of income and retained earnings and an abridged Statement of financial position for the year ended 31st December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 26th September 2019 and were signed by:

G King - Director

1.	Statutory information

Oakmount & Partners 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

3.	Employees and directors

The average number of employees during the year was 4 (2017 - 4 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st January 2018

96,895

Additions

250

At 31st December 2018

97,145

Depreciation

At 1st January 2018

82,486

Charge for year

14,472

At 31st December 2018

96,958

Net book value

At 31st December 2018

187

At 31st December 2017

14,409

5.	Related party disclosures

At the balance sheet date, there was an amount of £1,177 (2017: £nil) due from Oakmount Global

Management Limited and £240 (2017: £nil) due from Oakmount Private Holdings Limited. Glenn

King is a director of both of these companies.