Abbreviated Company Accounts - THE ONE PLACE CAPITAL LIMITED
Abbreviated Company Accounts - THE ONE PLACE CAPITAL LIMITED
Registered Number SC301187
THE ONE PLACE CAPITAL LIMITED
Abbreviated Accounts
30 April 2016
THE ONE PLACE CAPITAL LIMITED Registered Number SC301187
Abbreviated Balance Sheet as at 30 April 2016
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Profit and loss account |
( |
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Shareholders' funds |
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For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. 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. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
THE ONE PLACE CAPITAL LIMITED Registered Number SC301187
Notes to the Abbreviated Accounts for the period ended 30 April 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
- Computer Equipment - 33% straight line
- Fixtures, fittings and equipment - 25% straight line
Valuation information and policy
Other accounting policies
The company has made a loss for the year and has net current liabilities of £16,638 as at 30 April 2016. In making their going concern assessment, the Directors have considered budgets and cash flow forecasts and recognised that in order to continue as a going concern, revenue growth is required. If the revenue growth was not achieved then the company would need to reduce the current costs base so as to enable the Company to continue operating for a period of at least 12 months from the approval of these financial statements.
The Directors believe the adoption of the going concern basis in preparing the financial statements is appropriate and that no adjustments are therefore required to the carrying value of the assets.
Post Balance Sheet Events
In September 2016, the company issued 19,142,640 ordinary shares at 3.75p per share. The final net proceeds obtained from the share issue was £709,961.
£ | |
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Cost | |
At 1 May 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2016 |
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Depreciation | |
At 1 May 2015 |
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Charge for the year |
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On disposals |
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At 30 April 2016 |
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Net book values | |
At 30 April 2016 | 21,500 |
At 30 April 2015 | 12,449 |
3Fixed assets Investments
- Money Dashboard Limited
- Money Dashboard Financial Services limited
- The One Place Capital Subsidiary Company Limited