ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

ONE STOP FINANCE GROUP LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-06-302017-06-30false2016-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity 06877099 2016-07-01 2017-06-30 06877099 2017-06-30 06877099 2016-06-30 06877099 c:Director1 2016-07-01 2017-06-30 06877099 c:Director2 2016-07-01 2017-06-30 06877099 d:CurrentFinancialInstruments 2017-06-30 06877099 d:CurrentFinancialInstruments 2016-06-30 06877099 d:Non-currentFinancialInstruments 2017-06-30 06877099 d:Non-currentFinancialInstruments 2016-06-30 06877099 d:CurrentFinancialInstruments d:WithinOneYear 2017-06-30 06877099 d:CurrentFinancialInstruments d:WithinOneYear 2016-06-30 06877099 d:ShareCapital 2017-06-30 06877099 d:ShareCapital 2016-06-30 06877099 d:RetainedEarningsAccumulatedLosses 2017-06-30 06877099 d:RetainedEarningsAccumulatedLosses 2016-06-30 06877099 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-06-30 06877099 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-06-30 06877099 c:OrdinaryShareClass1 2016-07-01 2017-06-30 06877099 c:OrdinaryShareClass1 2017-06-30 06877099 c:OrdinaryShareClass2 2016-07-01 2017-06-30 06877099 c:OrdinaryShareClass2 2017-06-30 06877099 c:OrdinaryShareClass3 2016-07-01 2017-06-30 06877099 c:OrdinaryShareClass3 2017-06-30 06877099 c:OrdinaryShareClass4 2016-07-01 2017-06-30 06877099 c:OrdinaryShareClass4 2017-06-30 06877099 c:OrdinaryShareClass5 2016-07-01 2017-06-30 06877099 c:OrdinaryShareClass5 2017-06-30 06877099 c:FRS102 2016-07-01 2017-06-30 06877099 c:AuditExempt-NoAccountantsReport 2016-07-01 2017-06-30 06877099 c:FullAccounts 2016-07-01 2017-06-30 06877099 c:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06877099

ONE STOP FINANCE GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2017

ONE STOP FINANCE GROUP LIMITED

REGISTERED NUMBER: 06877099

BALANCE SHEET

AS AT 30 JUNE 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		1		1
			1		1
Current assets
Debtors: amounts falling due within one year	5	21,848		15,555
Cash at bank and in hand	6	1,190		1,279
		23,038		16,834
Creditors: amounts falling due within one year	7	(1,950)		(1,500)
Net current assets			21,088		15,334
Total assets less current liabilities			21,089		15,335

Net assets			21,089		15,335

Capital and reserves
Called up share capital	9	1,000	1,000
Profit and loss account		20,089	14,335
		21,089	15,335

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 statement of income and retained earnings 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 on 16 January 2018.

................................................ M Rolle	................................................ S Burkin
Director	Director

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ONE STOP FINANCE GROUP LIMITED

REGISTERED NUMBER: 06877099

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2017

The notes on pages 3 to 6 form part of these financial statements.

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

1.	General information

One Stop Finance Group Limited is a private company limited by shares. The company is incorporated in England & Wales and its trading address is Elywood House, 42 Lytton Road, New Barnet, Herts, EN5 5BY. The registered number is 06877099.

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 Statement of income and retained earnings 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 Balance sheet 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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

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.

2.6

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.

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

2.Accounting policies (continued)

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

3.	Employees
	Staff costs were as follows:

	The Company has no employees other than the directors, who did not receive any remuneration (2016 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2016 - 0).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 July 2016	1
	At 30 June 2017	1

	Net book value
	At 30 June 2017	1
	At 30 June 2016	1

Debtors

					2017	2016
					£	£


Amounts owed by group undertakings	21,848	15,555
	21,848	15,555

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

6.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	1,190	1,279
	1,190	1,279

7.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Accruals and deferred income	1,950	1,500
	1,950	1,500

8.	Financial instruments
		2017	2016
		£	£

Financial assets
Financial assets measured at fair value through profit or loss	1,190	1,279
	1,190	1,279

Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

Allotted, called up and fully paid

447 A Ordinary shares of £1 each	447	447
1 B Ordinary share of £1	1	1
1 C Ordinary share of £1	1	1
1 D Ordinary share of £1	1	1
447 E Ordinary shares of £1 each	447	447
1 F Ordinary share of £1	1	1
1 G Ordinary share of £1	1	1
1 H Ordinary share of £1	1	1
100 I Ordinary shares of £1 each	100	100

	1,000	1,000

10.	Transactions with directors
	During the year, dividends of £59,100 (2016: £22,895) and £12,607 (2016: £1,772) were paid to M Rolle and S Burkin respectively, the directors of the company. During the year, dividends of £2000 (2016: Nil) were paid to M Dimonaco, a shareholder of the company.

11.	Related party transactions
	At the balance sheet date, an amount of £21,848 (2016: £15,555) was due from One Stop Finance Limited, a wholly owned subsidiary. This loan is unsecured, interest free and there are no set repayment terms. During the year, dividends totalling £80,000 (2016: £82,950) were received from One Stop Finance Limited, a wholly owned subsidiary.

12.	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.

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