Openspan Limited 30/06/2021 iXBRL
Openspan Limited 30/06/2021 iXBRL
Company registration number:
04462002
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Sterling House | ||
501 Middleton Road | ||
Chadderton | ||
Oldham | ||
OL9 9LY | ||
Bankers |
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4th Floor | ||
Kabel House | ||
15 Quay Street | ||
Manchester | ||
M3 3HN | ||
Statement of financial position
30 June 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors: | |||||||||
Amounts falling due within one year | 6 |
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Cash at bank and in hand | - |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 8 |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 March 2022
, and are signed on behalf of the board by:
Director
Company registration number:
04462002
Notes to the financial statements
Year ended 30 June 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Law Library, 14 Kennedy Street, Manchester, M2 4BY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - | Not Depreciated | ||
Plant and machinery | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Impairment
Government grants
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Tangible assets
Freehold property | Plant and machinery | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2020 and 30 June 2021 |
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_______ | _______ | _______ | ||
Depreciation | ||||
At 1 July 2020 | - |
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Charge for the year | - |
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At 30 June 2021 | - |
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Carrying amount | ||||
At 30 June 2021 |
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At 30 June 2020 |
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3,001,063 | |
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Investment property
6.
Debtors
Debtors falling due within one year are as follows:
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Bank loans and overdrafts |
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- | ||
Trade creditors |
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Social security and other taxes |
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Other creditors |
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8.
Reserves
9.
Contingent assets and liabilities