Ouse Bridge House Ltd - Period Ending 2015-08-31
Ouse Bridge House Ltd - Period Ending 2015-08-31
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REGISTRAR OF COMPANIES |
Registration number:
Unaudited
Abbreviated Accounts
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Ouse Bridge House Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
Ouse Bridge House Ltd
for the Year Ended 31 August 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ouse Bridge House Ltd for the year ended 31 August 2015 set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Ouse Bridge House Ltd, as a body, in accordance with the terms of our engagement letter dated 18 March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Ouse Bridge House Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ouse Bridge House Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ouse Bridge House Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ouse Bridge House Ltd. You consider that Ouse Bridge House Ltd 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 financial statements of Ouse Bridge House Ltd. 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 financial statements.
Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
31 May 2016
Ouse Bridge House Ltd
(Registration number: 07286358)
Abbreviated Balance Sheet at 31 August 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
( |
2
Ouse Bridge House Ltd
(Registration number: 07286358)
Abbreviated Balance Sheet at 31 August 2015
......... continued
Approved by the Board on
.........................................
C Shepherd
Director
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S R W Shepherd
Director
3
Ouse Bridge House Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
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Fixtures and fittings |
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Office equipment |
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Stock
Ouse Bridge House Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 September 2014 |
80,000 |
654,760 |
734,760 |
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At 31 August 2015 |
80,000 |
654,760 |
734,760 |
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Depreciation |
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At 1 September 2014 |
12,000 |
17,700 |
29,700 |
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Charge for the year |
4,000 |
2,899 |
6,899 |
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At 31 August 2015 |
16,000 |
20,599 |
36,599 |
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Net book value |
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At 31 August 2015 |
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At 31 August 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
18,709 |
18,709 |
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Amounts falling due after more than one year |
436,107 |
456,501 |
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Total secured creditors |
454,816 |
475,210 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by the directors who own 100% of the called up share capital.