Osprey Legal Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI656094 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2019 TO 31 DECEMBER 2020

FOR

OSPREY LEGAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Boyle

SECRETARY:

REGISTERED OFFICE:

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

REGISTERED NUMBER:

NI656094 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Tangible assets

4

1,433

1,910

CURRENT ASSETS

Debtors

5

26,283

86,736

Cash at bank

14

18,478

26,297

105,214

CREDITORS

Amounts falling due within one year

6

28,014

39,134

NET CURRENT (LIABILITIES)/ASSETS

(1,717

)

66,080

TOTAL ASSETS LESS CURRENT LIABILITIES

(284

)

67,990

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

(294

)

67,980

SHAREHOLDERS' FUNDS

(284

)

67,990

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 11 December 2021 and were signed by:

Mrs J Boyle - Director

1.	STATUTORY INFORMATION

Osprey Legal Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.

Taxation

Taxation for the period 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 period 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 period was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

and 31 December 2020

2,388

DEPRECIATION

At 1 November 2019

478

Charge for period

477

At 31 December 2020

955

NET BOOK VALUE

At 31 December 2020

1,433

At 31 October 2019

1,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/10/19

£

£

Trade debtors

10,150

24,430

Other debtors

16,133

62,306

26,283

86,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/10/19

£

£

Taxation and social security

24,954

38,234

Other creditors

3,060

900

28,014

39,134

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/20

31/10/19

value:

£

£

10

Ordinary

1

10

10

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 December 2020 and 31 October 2019:

31/12/20

31/10/19

£

£

Mrs J Boyle

Balance outstanding at start of period

62,306

-

Amounts advanced

16,133

62,306

Amounts repaid

(62,306

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

16,133

62,306