Overton Investment Management Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 March 2021
Company Registration No. 10091107 (England and Wales)
Overton Investment Management Limited
Company Information
Director
C Fraser
Company number
10091107
Registered office
Devonshire House
60 Goswell Road
London
EC1M 7AD
Accountants
Moore Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
Overton Investment Management Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Overton Investment Management Limited
Balance Sheet
As at 31 March 2021
Page 1
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
2
8,250
8,250
Current assets
Debtors
3
3,159
3,599
Cash at bank and in hand
107,892
761
111,051
4,360
Creditors: amounts falling due within one year
4
(2,340)
(2,100)
Net current assets
108,711
2,260
Total assets less current liabilities
116,961
10,510
Capital and reserves
Called up share capital
5
250
250
Share premium account
8,100
8,100
Profit and loss reserves
108,611
2,160
Total equity
116,961
10,510
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 27 May 2021
C Fraser
Director
Company Registration No. 10091107
Overton Investment Management Limited
Notes to the Financial Statements
For the year ended 31 March 2021
Page 2
1
Accounting policies
Company information
Overton Investment Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Devonshire House, 60 Goswell Road, London, EC1M 7AD.
1.1
Accounting convention
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Fixed asset investments
2021
2020
£
£
Investments
8,250
8,250
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2020 & 31 March 2021
8,250
Carrying amount
At 31 March 2021
8,250
At 31 March 2020
8,250
Overton Investment Management Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2021
Page 3
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
3,159
3,599
4
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
2,340
2,100
5
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
250 Ordinary shares of £1 each
250
250
250
250
6
Related party transactions
Included within debtors is an amount of £3,159 (2020: £3,599) due from a director. During the year the director received advances of £219,250 (2020: £204,173) and made repayments of £219,690 (2020: £203,100). Interest has been charged on the overdrawn loan account during the year amounting to £Nil (2020: £Nil).
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