Omnilink Limited - Accounts to registrar (filleted) - small 18.2

Omnilink Limited - Accounts to registrar (filleted) - small 18.2

OMNILINK LIMITED - Company Information

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REGISTERED NUMBER: 02701885 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

OMNILINK LIMITED
OMNILINK LIMITED (REGISTERED NUMBER: 02701885)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OMNILINK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTORS: J L Garagnon
C F Wallwork



REGISTERED OFFICE: 6 Owen Mansions
Queen's Club Gardens
London
W14 9RS



REGISTERED NUMBER: 02701885 (England and Wales)



BANKERS: Barclays Bank plc
5a Marylebone High Street
London
W1M 4AH
Page 1
OMNILINK LIMITED (REGISTERED NUMBER: 02701885)

BALANCE SHEET
30 JUNE 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,864,980 2,864,980
2,864,980 2,864,980

CURRENT ASSETS
Debtors 6 5,090 5,637
Cash at bank 582,415 585,018
587,505 590,655
CREDITORS
Amounts falling due within one year 7 381,807 428,556
NET CURRENT ASSETS 205,698 162,099
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,070,678
3,027,079

CAPITAL AND RESERVES
Called up share capital 1,750,000 1,750,000
Share premium 4,832 4,832
Capital redemption reserve 3,355 3,355
Retained earnings 1,312,491 1,268,892
SHAREHOLDERS' FUNDS 3,070,678 3,027,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 October 2019 and were signed on its behalf by:





J L Garagnon - Director


The notes form part of these financial statements

Page 2
OMNILINK LIMITED (REGISTERED NUMBER: 02701885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019

1. STATUTORY INFORMATION

Omnilink 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.

REVENUE RECOGNITION
Rental income is recognised on a straight line basis over the length of the lease.

OFFICE EQUIPMENT
Office equipment is written off in the year of acquisition.

RESIDENTIAL PROPERTIES
Property held by the company is freehold or long leasehold and stated at cost. Market value is estimated to
exceed cost. The directors have not obtained a formal valuation as this is considered to be of undue cost and
effort however fair value is expected to exceed cost.

SHORT-TERM CREDITORS
Creditors and payable within one year or upon demand are recorded at transaction price whether or not a rate of
interest is charged on the balance. Any losses arising from impairment are recognised in the income statement
and other operating expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2018 2,206
Additions 330
Disposals (494 )
At 30 June 2019 2,042
DEPRECIATION
At 1 July 2018 2,206
Charge for year 330
Eliminated on disposal (494 )
At 30 June 2019 2,042
NET BOOK VALUE
At 30 June 2019 -
At 30 June 2018 -

Page 3 continued...
OMNILINK LIMITED (REGISTERED NUMBER: 02701885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 July 2018
and 30 June 2019 2,864,980
NET BOOK VALUE
At 30 June 2019 2,864,980
At 30 June 2018 2,864,980

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Prepayments 5,090 5,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Tax 10,449 10,901
Social security and other taxes 4,039 -
Other creditors 367,319 417,655
381,807 428,556

8. RELATED PARTY DISCLOSURES

During the year there were no transactions.

9. DIRECTORS' REMUNERATION

The highest paid Director received £10,000.

10. CONTROLLING PARTY

The company is controlled by the shareholders.

Page 4