Osmond Property Consultants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08328337 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Osmond Property Consultants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Osmond

Mrs F Osmond

REGISTERED OFFICE:

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

REGISTERED NUMBER:

08328337 (England and Wales)

ACCOUNTANTS:

Roffe Swayne

Chartered Accountants

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

FIXED ASSETS

Tangible assets

2

742

834

CURRENT ASSETS

Debtors

64,866

71,919

Cash at bank and in hand

72,445

71,566

137,311

143,485

CREDITORS

Amounts falling due within one year

64,289

78,825

NET CURRENT ASSETS

73,022

64,660

TOTAL ASSETS LESS CURRENT LIABILITIES

73,764

65,494

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

73,664

65,394

SHAREHOLDERS' FUNDS

73,764

65,494

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 21 September 2016 and were signed on its behalf by:

C Osmond - Director

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).

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.

Office equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

Pension costs relate to amounts paid into individual's personal pension schemes.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,314

Additions

856

At 31 December 2015

3,170

DEPRECIATION

At 1 January 2015

1,480

Charge for year

948

At 31 December 2015

2,428

NET BOOK VALUE

At 31 December 2015

742

At 31 December 2014

834

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2015

and 31 December 2014:

2015

2014

£

£

C Osmond and Mrs F Osmond

Balance outstanding at start of year

38,676

136,005

Amounts advanced

149,064

223,404

Amounts repaid

(144,868

)

(320,733

)

Balance outstanding at end of year

42,872

38,676

5.	ULTIMATE CONTROLLING PARTY