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

REGISTERED NUMBER: 06839898 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

OWERMOIGNE LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

9

11

Current assets

Debtors

5

28,501

28,500

Cash at bank

135

21

28,636

28,521

Creditors

Amounts falling due within one year

6

21,017

21,027

Net current assets

7,619

7,494

Total assets less current liabilities

7,628

7,505

Provisions for liabilities

7

-

2

Net assets

7,628

7,503

Capital and reserves

Called up share capital

8

100

100

Retained earnings

7,528

7,403

Shareholders' funds

7,628

7,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2020 and were signed on its behalf by:

Mr C Sandham - Director

1.	Statutory information

Owermoigne Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06839898. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 4 Old School Lane, Owermoigne, Dorchester, Dorset, DT2 8HS.

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.

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 reducing balance

Computer equipment

-

33% on cost

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 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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2019 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2019

and 31 March 2020

193

14,318

14,511

Depreciation

At 1 April 2019

182

14,318

14,500

Charge for year

2

-

2

At 31 March 2020

184

14,318

14,502

Net book value

At 31 March 2020

9

-

9

At 31 March 2019

11

-

11

5.

Debtors: amounts falling due within one year

2020

2019

£

£

Other debtors

28,501

28,500

6.

Creditors: amounts falling due within one year

2020

2019

£

£

Trade creditors

1,386

1,268

Tax

386

347

Other creditors

-

740

Directors' current accounts

18,141

17,568

Accruals and deferred income

1,104

1,104

21,017

21,027

7.	Provisions for liabilities

2020

2019

£

£

Deferred tax

-

2

Deferred

tax

£

Balance at 1 April 2019

2

Credit to Income statement during year

(2

)

Balance at 31 March 2020

-

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.	Ultimate controlling party

The company is controlled by the directors, Mr and Mrs Sandham, who between them own 100% of the issued share capital.