ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

ON LINE HOLDINGS (UK) LIMITED - Company Information

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Caseware UK (AP4) 2016.0.181 2016.0.181 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-01-01 08163401 2016-01-01 2016-12-31 08163401 2016-12-31 08163401 2015-12-31 08163401 c:Director1 2016-01-01 2016-12-31 08163401 c:Director2 2016-01-01 2016-12-31 08163401 c:Director3 2016-01-01 2016-12-31 08163401 c:Director3 2016-12-31 08163401 c:Director4 2016-01-01 2016-12-31 08163401 c:Director4 2016-12-31 08163401 c:RegisteredOffice 2016-01-01 2016-12-31 08163401 d:CurrentFinancialInstruments 2016-12-31 08163401 d:CurrentFinancialInstruments 2015-12-31 08163401 d:Non-currentFinancialInstruments 2016-12-31 08163401 d:Non-currentFinancialInstruments 2015-12-31 08163401 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 08163401 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 08163401 d:ShareCapital 2016-12-31 08163401 d:ShareCapital 2015-12-31 08163401 d:RetainedEarningsAccumulatedLosses 2016-12-31 08163401 d:RetainedEarningsAccumulatedLosses 2015-12-31 08163401 c:FRS102 2016-01-01 2016-12-31 08163401 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 08163401 c:FullAccounts 2016-01-01 2016-12-31 08163401 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP
Company registration number: 08163401







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2016


ON LINE HOLDINGS (UK) LIMITED






































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ON LINE HOLDINGS (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
Mr J D Rooker 
Mr R Cooper 
Mr V Strams (appointed 7 November 2016, resigned 6 March 2017)
Mr M Martinsons (appointed 7 November 2016)




Registered number
08163401



Registered office
Wentworth House
4400 Parkway

Whiteley

Hampshire

PO15 7FJ




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX




 


ON LINE HOLDINGS (UK) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4

 


ON LINE HOLDINGS (UK) LIMITED
REGISTERED NUMBER:08163401



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2016

2016
2015
Note
£
£

Fixed assets
  

Investments
 4 
970
970

  
970
970

Current assets
  

Debtors: amounts falling due within one year
 5 
1,518,519
1,241,724

Cash at bank and in hand
  
100
100

  
1,518,619
1,241,824

Creditors: amounts falling due within one year
 6 
(1,514,857)
(1,239,976)

Net current assets
  
 
 
3,762
 
 
1,848

Total assets less current liabilities
  
4,732
2,818

  

Net assets
  
4,732
2,818


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,632
2,718

  
4,732
2,818


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Mr J D Rooker
Director
Date: 28 September 2017
The notes on pages 2 to 4 form part of these financial statements.

Page 1
 


ON LINE HOLDINGS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1.


General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
 
On Line Holdings (UK) Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2
 


ON LINE HOLDINGS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2015 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2016
970



At 31 December 2016

970






Net book value



At 31 December 2016
970



At 31 December 2015
970


5.


Debtors

2016
2015
£
£


Amounts owed by group undertakings
443,677
506,378

Other debtors
4,842
4

Prepayments and accrued income
1,070,000
735,342

1,518,519
1,241,724


Page 3
 


ON LINE HOLDINGS (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

6.


Creditors: Amounts falling due within one year

2016
2015
£
£

Trade creditors
20,493
19,817

Amounts owed to group undertakings
1,383,179
1,203,049

Other creditors
-
5,878

Accruals and deferred income
111,185
11,232

1,514,857
1,239,976



7.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 4