Owl Intuition Limited - Abbreviated accounts 16.3
Owl Intuition Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 July 2016 |
| for |
| Owl Intuition Limited |
| Owl Intuition Limited (Registered number: 07885068) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Owl Intuition Limited |
| Company Information |
| for the Year Ended 31 July 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Owl Intuition Limited (Registered number: 07885068) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director on |
| Owl Intuition Limited (Registered number: 07885068) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Owl Intuition Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Going concern |
| The director has assessed the current position of the company and its future anticipated results. At the time of |
| approving these financial statements, the director considers that the company has adequate resources to |
| continue in operational existence for the foreseeable future and as a result has adopted the going concern basis |
| in preparing these financial statements. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract |
| that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares |
| are issued, any component that creates a financial liability of the company is presented as a liability in the |
| balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in |
| the profit and loss account. |
| Investment in subsidiaries |
| Investments in subsidiaries are stated at cost less provision for diminution in value. |
| 2. | FIXED ASSET INVESTMENTS |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (3,579 | ) | (3,579 | ) |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (36,183 | ) | 52,291 |
| (Loss)/profit for the year | (82,474 | ) | 161,866 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable otherwise than by instalments | 49,883 | 49,883 |
| Owl Intuition Limited (Registered number: 07885068) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2016 |
| 3. | CREDITORS - continued |
| Details of shares shown as liabilities are as follows: |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Preference shares | 1p |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £0.01 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 July 2016 and 31 July 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| 6. | RELATED PARTY DISCLOSURES |
| Telepure Limited |
| Telepure Limited is a subsidiary of Owl Intuition Limited. |
| At the balance sheet date the amount due to Telepure Limited was £23,174 (2015: £23,174). |
| 2 Save Energy Limited |
| 2 Save Energy Limited is a subsidiary of Owl Intuition Limited |
| At the balance sheet date the amount due from 2 Save Energy Limited was £22,307 (2015: £78,786). |