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

REGISTERED NUMBER: 01543746 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Openview Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R E Iggulden

REGISTERED OFFICE:

94a North End House

Fitzjames Avenue

London

W14 0RY

REGISTERED NUMBER:

01543746 (England and Wales)

ACCOUNTANTS:

CL Finance Associates LLP

3 Dodford Lane

Christian Malford

Wiltshire

SN15 4DE

FIXED ASSETS

Tangible assets

4

487,127

106,183

Investments

5

237,706

183,100

724,833

289,283

CURRENT ASSETS

Debtors

6

2,053,564

1,917,404

Investments

7

-

233,248

Cash at bank

10,267

83,569

2,063,831

2,234,221

CREDITORS

Amounts falling due within one year

8

1,023,168

774,409

NET CURRENT ASSETS

1,040,663

1,459,812

TOTAL ASSETS LESS CURRENT LIABILITIES

1,765,496

1,749,095

CREDITORS

Amounts falling due after more than one year

9

(494,846

)

(772,050

)

PROVISIONS FOR LIABILITIES

(72,445

)

-

NET ASSETS

1,198,205

977,045

CAPITAL AND RESERVES

Called up share capital

142

142

Share premium

420,798

420,798

Retained earnings

777,265

556,105

1,198,205

977,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

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

The financial statements were approved by the director and authorised for issue on 24 December 2020 and were signed by:

R E Iggulden - Director

1.	STATUTORY INFORMATION

Openview 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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

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

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.

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 NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2019

618,711

8,011

626,722

Revaluations

381,290

-

381,290

At 31 December 2019

1,000,001

8,011

1,008,012

DEPRECIATION

At 1 January 2019

513,912

6,627

520,539

Charge for year

-

346

346

At 31 December 2019

513,912

6,973

520,885

NET BOOK VALUE

At 31 December 2019

486,089

1,038

487,127

At 31 December 2018

104,799

1,384

106,183

Cost or valuation at 31 December 2019 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2020

381,290

-

381,290

Cost

618,711

8,011

626,722

1,000,001

8,011

1,008,012

If the freehold land and building had not been revalued they would have been included at the following historical cost:

31/12/19

31/12/18

£

£

Cost

618,711

-

Aggregate depreciation

513,912

-

Value of land in freehold land and buildings

104,799

-

Freehold land and buildings were valued on an open market basis on 31 December 2019 by the director. .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2019

183,100

Additions

54,606

At 31 December 2019

237,706

NET BOOK VALUE

At 31 December 2019

237,706

At 31 December 2018

183,100

6.

DEBTORS

31/12/19

31/12/18

£

£

Amounts falling due within one year:

Trade debtors

174,841

163,501

Other debtors

1,764,349

1,340,868

1,939,190

1,504,369

Amounts falling due after more than one year:

Other debtors

114,374

413,035

Aggregate amounts

2,053,564

1,917,404

7.	CURRENT ASSET INVESTMENTS

31/12/19

31/12/18

£

£

Listed investments

-

233,248

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/19

31/12/18

£

£

Trade creditors

141,000

142,188

Taxation and social security

189,949

38,890

Other creditors

692,219

593,331

1,023,168

774,409

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/19

31/12/18

£

£

Amounts owed to group undertakings

494,846

772,050

10.	RELATED PARTY DISCLOSURES

At 31 December 2019 the company owed White Station Limited, a company whose shares are owned by the Iggulden Childrens Trust (one of the shareholders of the Company), £494,846 (31 December 2018: £772,050).

At 31 December 2019 and 31 December 2018 the company owed £120,000 to Gryphon Emerging Markets Ltd for management fees incurred in 2017.

11.	ULTIMATE CONTROLLING PARTY

The controlling and ultimate controlling parties are Iggulden Childrens Trust 2006 and REG Iggulden 2013 Discretionary Settlement.