Osborn Partners Limited - Accounts

OSBORN PARTNERS LIMITED - Company Information

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Registered Number: 10704535

England and Wales

OSBORN PARTNERS LIMITED

Abridged Accounts

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

Osborn Partners Limited
Contents Page
For the year ended 30 April 2020

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Osborn Partners Limited Accountants' Report For the year ended 30 April 2020
Report to the directors on the preparation of the unaudited statutory accounts of Osborn Partners Limited for the year ended 30 April 2020. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Osborn Partners Limited for the year ended 30 April 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Osborn Partners Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Osborn Partners Limited and state those matters that we have agreed to state to the Board of Directors of Osborn Partners Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Osborn Partners Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Osborn Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Osborn Partners Limited. You consider that Osborn Partners Limited 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 accounts of Osborn Partners Limited. 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 accounts for the period ended 30 April 2020 .................................................... Baranov Associates Ltd 3 Appleby Gardens Dunstable LU6 3DB 15 March 2021 1

Osborn Partners Limited
Accountants' Report
For the year ended 30 April 2020

Report to the directors on the preparation of the unaudited statutory accounts of Osborn Partners Limited for the year ended 30 April 2020. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Osborn Partners Limited for the year ended 30 April 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Osborn Partners Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Osborn Partners Limited and state those matters that we have agreed to state to the Board of Directors of Osborn Partners Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Osborn Partners Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Osborn Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Osborn Partners Limited. You consider that Osborn Partners Limited 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 accounts of Osborn Partners Limited. 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 accounts for the period ended 30 April 2020

....................................................
Baranov Associates Ltd
3 Appleby Gardens
Dunstable
LU6 3DB
15 March 2021

Osborn Partners Limited
Statement of Financial Position
As at 30 April 2020

	Notes	2020 £	2019 £
Current assets
Debtors: amounts falling due within one year		93,779	475,911
Cash at bank and in hand		377,366	9,750
		471,145	485,661
Creditors: amount falling due within one year		(474,001)	(501,894)
Net current liabilities		(2,856)	(16,233)

Total assets less current liabilities		(2,856)	(16,233)
Creditors: amount falling due after more than one year		(833)	0
Net liabilities		(3,689)	(16,233)

Capital and reserves
Called up share capital	2	300	300
Profit and loss account		(3,989)	(16,533)
Shareholders funds		(3,689)	(16,233)

For the year ended 30 April 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 15 March 2021 and were signed on its behalf by:

--------------------------------
James Osborn
Director

Osborn Partners Limited
Notes to the Abridged Financial Statements
For the year ended 30 April 2020

General Information

Osborn Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 10704535, registration address 1-3 Old Mill Road, Kings Langley, Herts, WD4 8RD

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.

Share Capital

Allotted, called up and fully paid	2020 £		2019 £
300 Ordinary shares of £1.00 each	300		300
	300		300

3.	Average number of employees Average number of employees during the year was 2 (2019 : 2)

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value				Balance owed by/(owed to)
	2020 £		2019 £		2020 £		2019 £
Flexiion Limited	(115,000)		(317,500)		(96,909)		(121,927)

Flexiion Limited
During the period Flexiion Limited charged to company £115,000 for services supplied (2019: £317,500), During the period the company paid expenses on behalf of Flexiion Limited