Oscar Inc. Limited - Limited company - abbreviated - 11.6

Oscar Inc. Limited - Limited company - abbreviated - 11.6

OSCAR INC. LIMITED - Company Information

Print Friendly Version

SC235394 1.10.13 30.9.14 30.9.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2353942013-09-30SC2353942014-09-30SC2353942013-10-012014-09-30SC2353942012-09-30SC2353942012-10-012013-09-30SC2353942013-09-30SC235394ns12:Scotland2013-10-012014-09-30SC235394ns14:PoundSterling2013-10-012014-09-30SC235394ns7:Director12013-10-012014-09-30SC235394ns7:OrdinaryShareClass12013-10-012014-09-30SC235394ns7:CompanySecretary2013-10-012014-09-30SC235394ns7:RegisteredOffice2013-10-012014-09-30SC235394ns7:EntityAccountantsOrAuditors2013-10-012014-09-30SC235394ns5:FixedAssetInvestmentsOtherThanLoans2014-09-30SC235394ns5:FixedAssetInvestmentsOtherThanLoans2013-09-30SC235394ns5:Subsidiary12013-10-012014-09-30SC235394ns5:Subsidiary12012-10-012013-09-30SC235394ns7:OrdinaryShareClass12014-09-30SC235394ns7:OrdinaryShareClass12013-09-30
REGISTERED NUMBER: SC235394 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Oscar Inc. Limited

Oscar Inc. Limited (Registered number: SC235394)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Report of the Accountants 5

Oscar Inc. Limited

Company Information
for the Year Ended 30 September 2014







DIRECTOR: K A Mackay





SECRETARY: T D Urquhart





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





REGISTERED NUMBER: SC235394 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB
Page 1
Oscar Inc. Limited (Registered number: SC235394)

Abbreviated Balance Sheet
30 September 2014

30.9.14 30.9.13
Notes £    £    £    £   
FIXED ASSETS
Investments 2 100 100

CURRENT ASSETS
Cash at bank 531 576

CREDITORS
Amounts falling due within one
year
461
438
NET CURRENT ASSETS 70 138
TOTAL ASSETS LESS CURRENT
LIABILITIES
170
238

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 70 138
SHAREHOLDERS' FUNDS 170 238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 19 February 2015 and
were signed by:





K A Mackay - Director


The notes form part of these abbreviated accounts

Page 2
Oscar Inc. Limited (Registered number: SC235394)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost
convention and in accordance with the Financial Reporting Standard for
Smaller Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Oscar Inc. Limited as an
individual company and do not contain consolidated financial information as
the parent of a group. The company has taken the option under Section 398
of the Companies Act 2006 not to prepare consolidated financial statements.

Deferred tax
The payment of taxation is deferred or accelerated because of timing
differences between the treatment of certain items for accounting and
taxation purposes. Deferred tax assets are recognised only to the extent
that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Full provision for deferred
taxation is made under the liability method, without discounting, on all
timing differences that have arisen, but not reversed by the balance sheet
date, unless such provision is not permitted by accounting standards.

In accordance with such standards deferred tax is not provided for:

a) revaluation gains on land and buildings, unless there is a binding
agreement to sell them at the balance sheet date; and
b) gains on the sale of non-monetary assets, if the taxable gain will
probably be rolled over.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2013
and 30 September 2014 100
NET BOOK VALUE
At 30 September 2014 100
At 30 September 2013 100

The company's investments at the balance sheet date in the share capital of
companies include the following:

Initiative 2 Limited
Nature of business: Internet and Web Design
%
Class of shares: holding
Ordinary £1 Shares 100.00
30.9.14 30.9.13
£    £   
Aggregate capital and reserves 263 (674 )
Profit for the year 18,187 21,183

Page 3 continued...
Oscar Inc. Limited (Registered number: SC235394)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.14 30.9.13
value: £    £   
100 Ordinary 1 100 100

Page 4
Oscar Inc. Limited

Report of the Accountants to the Director of
Oscar Inc. Limited

The following reproduces the text of the report prepared for the director in
respect of the company's annual unaudited financial statements, from which the
unaudited abbreviated accounts (set out on pages two to four) have been
prepared.

As described on the balance sheet you are responsible for the preparation of the
financial statements for the year ended 30 September 2014 set out on pages three
to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial
statements in order to assist you to fulfil your statutory responsibilities,
from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body,
in accordance with the terms of our engagement. Our work has been undertaken
solely to prepare for your approval the financial statements of the company and
state those matters that we have agreed to state to the Board of Directors of
the company, as a body, in this report in accordance with the requirements of
the Institute of Financial Accountants. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and
its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records
and to prepare statutory accounts that give a true and fair view of the assets,
liabilities and financial position of the company. You consider that the company
is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial
statements of the company. For this reason, we have not verified the accuracy or
completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory
financial statements.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


25 February 2015

This page does not form part of the abbreviated accounts

Page 5