Owl Intuition Limited - Accounts to registrar (filleted) - small 17.3
Owl Intuition Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2017 |
| for |
| Owl Intuition Limited |
| Owl Intuition Limited (Registered number: 07885068) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Owl Intuition Limited |
| Company Information |
| for the Year Ended 31 July 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 92 Park Street |
| Camberley |
| Surrey |
| GU15 3NY |
| Owl Intuition Limited (Registered number: 07885068) |
| Statement of Financial Position |
| 31 July 2017 |
| 2017 | 2016 |
| as restated |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| 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 |
| Owl Intuition Limited (Registered number: 07885068) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| Owl Intuition Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of |
| transition is 1 August 2015. |
| The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes in accounting policies to |
| those used previously. |
| 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 |
| statement of financial position. The corresponding dividends relating to the liability component are charged as |
| interest expense in the income statement. |
| Investment in subsidiaries |
| Investments in subsidiaries are stated at cost less provision for diminution in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| The company's investments at the Statement of Financial Position date in the share capital of companies include |
| the following: |
| Number of shares | Shareholding | Nominal share value |
| 2 Save Energy Limited | 600 | 100% | £0.01 |
| Telepure Limited | 1,752,401 | 100% | £1.00 |
| After consideration for impairment, these investments have been written down to £nil. |
| Owl Intuition Limited (Registered number: 07885068) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Amounts owed by group undertakings |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Amounts owed to group undertakings |
| Directors' current accounts | - | 3,599 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Preference shares | 49,883 | 49,883 |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Preference shares |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 July 2017 and 31 July 2016: |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Loans under £10,000 are interest free and repayable on demand. |