Oxygen Enterprise Partners Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08151980 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Oxygen Enterprise Partners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Hales

REGISTERED OFFICE:

Lockside

5 Scotland Street

Birmingham

West Midlands

B1 2RR

REGISTERED NUMBER:

08151980 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Blackthorn House

St Pauls Square

Birmingham

West Midlands

B3 1RL

FIXED ASSETS

Investments

4

32,228

60,399

CURRENT ASSETS

Debtors

5

40,408

17,861

Cash at bank

33,703

18,726

74,111

36,587

CREDITORS

Amounts falling due within one year

6

68,775

63,653

NET CURRENT ASSETS/(LIABILITIES)

5,336

(27,066

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,564

33,333

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

36,564

32,333

SHAREHOLDERS' FUNDS

37,564

33,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 December 2017 and were signed by:

M Hales - Director

1.	STATUTORY INFORMATION

Oxygen Enterprise Partners Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 March 2017 are the first financial statements that

comply with FRS 102. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes in accounting

policies to those used previously.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

60,399

Disposals

(12,440

)

Impairments

(15,731

)

At 31 March 2017

32,228

NET BOOK VALUE

At 31 March 2017

32,228

At 31 March 2016

60,399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

12,808

12,658

Amounts owed by group undertakings

-

2,613

Directors' current accounts

24,999

-

Tax

1,601

1,590

Called up share capital not paid

1,000

1,000

40,408

17,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

2,000

10,243

Social security and other taxes

2,047

6,505

VAT

728

401

Other creditors

-

10,833

Directors' current accounts

-

1

Accruals and deferred income

64,000

35,670

68,775

63,653

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

750

A Ordinary shares

£1

750

750

250

B Ordinary shares

£1

250

250

1,000

1,000

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

M Hales

Balance outstanding at start of year

(1

)

(1

)

Amounts advanced

25,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,999

(1

)

No interest is paid on the above loan and the loan is repayable in full on demand. The loan was repaid

in full in May 2017.

9.	RELATED PARTY DISCLOSURES

During the year the company sold one of its investments to the director for £1. The investment had

been purchased at the cost of £12,440.

The ultimate controlling party is M Hales.