Online Mentor Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04340527 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

Online Mentor Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W J R Cooper

REGISTERED OFFICE:

Charfield Hall

Little Bristol Lane

Charfield

Wooten-Under-Edge

Gloucestershire

GL12 8LN

REGISTERED NUMBER:

04340527 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Intangible assets

4

-

209,025

Tangible assets

5

-

-

-

209,025

CURRENT ASSETS

Debtors

6

58

7,435

Cash at bank

-

1,869

58

9,304

CREDITORS

Amounts falling due within one year

7

8,957

20,711

NET CURRENT LIABILITIES

(8,899

)

(11,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,899

)

197,618

PROVISIONS FOR LIABILITIES

-

38,107

NET (LIABILITIES)/ASSETS

(8,899

)

159,511

CAPITAL AND RESERVES

Called up share capital

8

120

120

Share premium

9

20,000

20,000

Retained earnings

9

(29,019

)

139,391

SHAREHOLDERS' FUNDS

(8,899

)

159,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 7 July 2020 and were signed by:

W J R Cooper - Director

1.	STATUTORY INFORMATION

Online Mentor 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Computer equipment

-

25% on 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2019

359,063

Disposals

(359,063

)

At 31 December 2019

-

AMORTISATION

At 1 January 2019

150,038

Eliminated on disposal

(150,038

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

209,025

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2019

and 31 December 2019

3,034

DEPRECIATION

At 1 January 2019

and 31 December 2019

3,034

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

4,213

Amounts owed by group undertakings

-

3,099

Other debtors

-

65

Called up share capital not paid

58

58

58

7,435

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

-

4,669

Tax

4,946

-

VAT

2,961

5,022

Other creditors

-

10,020

Accruals and deferred income

1,050

1,000

8,957

20,711

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

120

Ordinary

£1

120

120

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2019

139,391

20,000

159,391

Deficit for the year

(168,410

)

(168,410

)

At 31 December 2019

(29,019

)

20,000

(9,019

)

10.	RELATED PARTY DISCLOSURES

During the year, the company was charged management fees totalling £nil (2018: £77,500) by Fresh Development

Group Limited, a company registered in England & Wales which holds 48.3% of the issued share capital.

During the year the intercompany balances between Fresh Development Group Limited amounting to £ (6,901.53)

and Fresh Professional Development Limited amounting to £207,255.69 was written off due to the company

ceasing.