Open Britain Limited
Open Britain Limited
Registered number: 09641190
Unaudited Financial Statements
For The Year Ended
31 August 2021
Brooks & Partners Accountants Ltd
Open Britain Limited
Unaudited Financial Statements
For The Year Ended
31 August 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
Open Britain Limited
Statement of Financial Position
As at
31 August 2021
Statement of Financial Position
Registered number:
09641190
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2021 | 2020 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| Income Statement |
( |
( |
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| MEMBERS' FUNDS | (141,606) | (115,199) | |||
Page 1
Page 2
Open Britain Limited
Statement of Financial Position (continued)
As at
31 August 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Open Britain Limited
Notes to the Financial Statements
For The Year Ended
31 August 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover relates to donations received and are recognised when the company has entitlement to the income, this is normally at the point of payment.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 16)
3.
Debtors
| 2021 | 2020 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Other debtors |
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4.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Accruals and deferred income |
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| Amounts owed to related parties |
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5.
Related Party Transactions
During the year the company was charged £37,938 (2020: £72,160) for services delivered by a director.
At the year end the director was owed £21,000 for these services.
Donations totalling £20,000 were received in the year from directors.
6.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3
Page 4
Open Britain Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2021
7.
General Information
Open Britain Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
09641190
. The registered office is 22 St. Peter's Street, Stamford, Lincolnshire, PE9 2PF.
Page 4