Oculus Financial Intelligence Limited - Accounts to registrar (filleted) - small 18.1

Oculus Financial Intelligence Limited - Accounts to registrar (filleted) - small 18.1

OCULUS FINANCIAL INTELLIGENCE LIMITED - Company Information

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REGISTERED NUMBER: 10373728 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

13 SEPTEMBER 2016 TO 31 DECEMBER 2017

FOR

OCULUS FINANCIAL INTELLIGENCE LIMITED
OCULUS FINANCIAL INTELLIGENCE LIMITED (REGISTERED NUMBER: 10373728)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 SEPTEMBER 2016 TO 31 DECEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

OCULUS FINANCIAL INTELLIGENCE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 13 SEPTEMBER 2016 TO 31 DECEMBER 2017







DIRECTORS: Y Al-Majali
J R A Chalmer
R S Tickle
M W Davies
S W Kay
A R L Kight
R D Proctor
D T Tinsley





REGISTERED OFFICE: 25 Park Lane
London
W1K 1RA





REGISTERED NUMBER: 10373728 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
Page 1
OCULUS FINANCIAL INTELLIGENCE LIMITED (REGISTERED NUMBER: 10373728)

BALANCE SHEET
31 DECEMBER 2017

Notes £    £   
FIXED ASSETS
Intangible assets 4 103,560
Tangible assets 5 10,570
114,130

CURRENT ASSETS
Stocks 37,612
Debtors 6 156
Cash at bank 43,464
81,232
CREDITORS
Amounts falling due within one year 7 97,653
NET CURRENT LIABILITIES (16,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
97,709

CAPITAL AND RESERVES
Called up share capital 1,000
Share premium 449,875
Retained earnings (353,166 )
SHAREHOLDERS' FUNDS 97,709

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 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 Board of Directors on 13 June 2018 and were signed on its behalf by:




J R A Chalmer - Director


The notes form part of these financial statements

Page 2
OCULUS FINANCIAL INTELLIGENCE LIMITED (REGISTERED NUMBER: 10373728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 SEPTEMBER 2016 TO 31 DECEMBER 2017


1. STATUTORY INFORMATION

Oculus Financial Intelligence 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 155,340
At 31 December 2017 155,340
AMORTISATION
Charge for period 51,780
At 31 December 2017 51,780
NET BOOK VALUE
At 31 December 2017 103,560

Page 3 continued...
OCULUS FINANCIAL INTELLIGENCE LIMITED (REGISTERED NUMBER: 10373728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 SEPTEMBER 2016 TO 31 DECEMBER 2017


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 13,212
At 31 December 2017 13,212
DEPRECIATION
Charge for period 2,642
At 31 December 2017 2,642
NET BOOK VALUE
At 31 December 2017 10,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 156

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 8,514
Other creditors 89,139
97,653

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OCULUS FINANCIAL INTELLIGENCE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Oculus Financial Intelligence Limited for the period ended 31 December 2017 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oculus Financial Intelligence Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oculus Financial Intelligence Limited and state those matters that we have agreed to state to the Board of Directors of Oculus Financial Intelligence Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oculus Financial Intelligence Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oculus Financial Intelligence Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Oculus Financial Intelligence Limited. You consider that Oculus Financial Intelligence Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Oculus Financial Intelligence Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


13 June 2018

This page does not form part of the statutory financial statements

Page 5