Oden Technologies Ltd. - Abbreviated accounts 16.1

Oden Technologies Ltd. - Abbreviated accounts 16.1

ODEN TECHNOLOGIES LTD. - Company Information

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REGISTERED NUMBER: 09212364 (England and Wales)















Abbreviated Unaudited Accounts

for the Period 10 September 2014 to 31 December 2015

for

Oden Technologies Ltd.

Oden Technologies Ltd. (Registered number: 09212364)






Contents of the Abbreviated Accounts
for the Period 10 September 2014 to 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Oden Technologies Ltd.

Company Information
for the Period 10 September 2014 to 31 December 2015







DIRECTORS: P A Brand
W Sundblad





REGISTERED OFFICE: Riverbank House
2 Swan Lane
London
EC4R 3TT





REGISTERED NUMBER: 09212364 (England and Wales)





ACCOUNTANTS: Merryhill Accountancy Services Ltd
Suite 3 Wayside House
Braunston Business Park
London Road
Braunston
Northamptonshire
NN11 7HB
Page 1
Oden Technologies Ltd. (Registered number: 09212364)

Abbreviated Balance Sheet
31 December 2015

Notes £    £   
FIXED ASSETS
Tangible assets 2 2,692
Investments 3 64
2,756

CURRENT ASSETS
Debtors 123,708
Cash at bank 1,308,681
1,432,389
CREDITORS
Amounts falling due within one year 60,254
NET CURRENT ASSETS 1,372,135
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,374,891

CAPITAL AND RESERVES
Called up share capital 4 1,573,900
Profit and loss account (199,009 )
SHAREHOLDERS' FUNDS 1,374,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
Oden Technologies Ltd. (Registered number: 09212364)

Abbreviated Balance Sheet - continued
31 December 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 6 June 2016 and were
signed on its behalf by:





W Sundblad - Director


The notes form part of these abbreviated accounts

Page 3
Oden Technologies Ltd. (Registered number: 09212364)

Notes to the Abbreviated Accounts
for the Period 10 September 2014 to 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the
company qualifies as a small company.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - straight line over 3 years

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight
line basis over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 3,248
At 31 December 2015 3,248
DEPRECIATION
Charge for period 556
At 31 December 2015 556
NET BOOK VALUE
At 31 December 2015 2,692

Page 4 continued...
Oden Technologies Ltd. (Registered number: 09212364)

Notes to the Abbreviated Accounts - continued
for the Period 10 September 2014 to 31 December 2015

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 64
At 31 December 2015 64
NET BOOK VALUE
At 31 December 2015 64

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100,000 Ordinary Shares 0.001 100
39,345 Seed Shares 0.001 1,573,800
1,573,900

39,345 Seed Shares shares of 0.001 each were allotted as fully paid at a premium of 39.999
per share during the period.

Page 5