Open House Epsom Limited - Limited company accounts 17.3

REGISTERED NUMBER: 10153907 (England and Wales)

OPEN HOUSE EPSOM LIMITED

Report of the Directors and

Unaudited Financial Statements

for the Period

28 April 2016 to 31 March 2017

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mrs L Southern

N G Southern

REGISTERED OFFICE:

1 Palmer Close

Redhill

Surrey

RH1 4BU

REGISTERED NUMBER:

10153907 (England and Wales)

ACCOUNTANTS:

The Bailey Partnership

Chartered Accountants

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

The directors present their report with the financial statements of the company for the period 28 April 2016 to 31 March 2017.

INCORPORATION

The company was incorporated on 28 April 2016 and commenced trading on the same date.

DIRECTORS

The directors who have held office during the period from 28 April 2016 to the date of this report are as follows:

Mrs L Southern - appointed 28 April 2016

N G Southern - appointed 28 April 2016

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General

Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mrs L Southern - Director

15 January 2018

TURNOVER

-

Administrative expenses

9,605

OPERATING LOSS and

LOSS BEFORE TAXATION

3

(9,605

)

Tax on loss

-

LOSS FOR THE FINANCIAL PERIOD

(9,605

)

FIXED ASSETS

Intangible assets

4

5,996

Tangible assets

5

270

6,266

CURRENT ASSETS

Debtors

6

173

Cash at bank

295

468

CREDITORS

Amounts falling due within one year

7

16,339

NET CURRENT LIABILITIES

(15,871

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,605

)

RESERVES

Retained earnings

(9,605

)

SHAREHOLDERS' FUNDS

(9,605

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 January 2018 and were signed on its behalf by:

Mrs L Southern - Director

1.	STATUTORY INFORMATION

Open House Epsom Limited 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Taxation

Taxation for the period 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 period 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.	OPERATING LOSS

The operating loss is stated after charging:

£

Depreciation - owned assets

90

Patents and licences amortisation

1,999

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

7,995

At 31 March 2017

7,995

AMORTISATION

Charge for period

1,999

At 31 March 2017

1,999

NET BOOK VALUE

At 31 March 2017

5,996

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

360

At 31 March 2017

360

DEPRECIATION

Charge for period

90

At 31 March 2017

90

NET BOOK VALUE

At 31 March 2017

270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

173

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

16,339