The Opendemocracy Foundation For The Advancement Of Global Education - Period Ending 2015-12-31

Registration number: 04807614

The Opendemocracy Foundation For The Advancement Of Global Education

(A company limited by guarantee)

Annual Report and Unaudited Accounts

for the Year Ended 31 December 2015
 

Green Accountancy Limited
Chartered Certified Accountants
Signal Court
Old Station Way
Eynsham
Oxford
Oxford
OX29 4TL

The Opendemocracy Foundation For The Advancement Of Global Education
(Registration number: 04807614)
Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Investments		2			2			2
Creditors: Amounts falling due within one year		3			(2)			(2)
Net assets/(liabilities)					-			-
Shareholders' funds/(deficit)					-			-

For the year ending 31 December 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the Board on 19 January 2016 and signed on its behalf by:

.........................................
P G N Johnson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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The Opendemocracy Foundation For The Advancement Of Global Education
Notes to the financial statements for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Investments held as fixed assets

		2015 £			2014 £
Shares in group undertakings and participating interests		2			2

Shares in group undertakings and participating interests

		Subsidiary undertakings £			Total £
Cost
At 1 January 2015		2			2
At 31 December 2015		2			2
Net book value
At 31 December 2015		2			2
At 31 December 2014		2			2

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
openDemocracy Limited		Ordinary	100%	Concept and business development for an online publishing network.

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The Opendemocracy Foundation For The Advancement Of Global Education
Notes to the financial statements for the Year Ended 31 December 2015
......... continued

3	Creditors: Amounts falling due within one year

		2015 £			2014 £
Other creditors		2			2

4	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

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