OSL Group Limited - Filleted accounts

Registered number

09727349

OSL Group Limited

Filleted Accounts

31 March 2019

OSL Group Limited
Registered number:		09727349
Balance Sheet
as at 31 March 2019

Notes			2019			2018
£				£
Fixed assets
Investments	2		3,549,999			3,549,999

Current assets
Debtors	3	1			1

Creditors: amounts falling due within one year	4	(1,303)			(1,050)

Net current liabilities			(1,302)			(1,049)

Net assets			3,548,697			3,548,950

Capital and reserves
Called up share capital			3,550,000			3,550,000
Profit and loss account			(1,303)			(1,050)

Shareholder's funds			3,548,697			3,548,950

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mark Legh Smith
Director
Approved by the board on 9 December 2019

OSL Group Limited
Notes to the Accounts
for the year ended 31 March 2019


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.


2	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2018			3,549,999

	At 31 March 2019			3,549,999


3	Debtors	2019		2018
£			£

	Other debtors	1		1


4	Creditors: amounts falling due within one year	2019		2018
£			£

	Trade creditors	-		690
	Other creditors	1,303		360
		1,303		1,050


5	Related party transactions

	Operational Solutions Ltd - Subsidiary During the year the company paid dividends of £90,000 (2018: £280,000) to OSL Group Ltd.


6	Other information

	OSL Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Sunnyside Farm
	Reading Road
	Padworth Common
	Reading
	RG7 4QN

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