Abbreviated Company Accounts - OBER PRIVATE CLIENTS LIMITED

OBER PRIVATE CLIENTS LIMITED - Company Information

Registered Number 08157042

OBER PRIVATE CLIENTS LIMITED

Abbreviated Accounts

31 July 2016

OBER PRIVATE CLIENTS LIMITED Registered Number 08157042

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	801	1,069
Investments	3	540,000	-
		540,801	1,069
Current assets
Debtors		1,000,551	1,136,229
Cash at bank and in hand		13,310	33,952
		1,013,861	1,170,181
Prepayments and accrued income		2,624	2,564
Creditors: amounts falling due within one year		(375,061)	(373,593)
Net current assets (liabilities)		641,424	799,152
Total assets less current liabilities		1,182,225	800,221
Creditors: amounts falling due after more than one year		(340,000)	(550,000)
Accruals and deferred income		(104,199)	(64,902)
Total net assets (liabilities)		738,026	185,319
Capital and reserves
Called up share capital		105	105
Share premium account		99,995	99,995
Revaluation reserve		536,287	-
Profit and loss account		101,639	85,219
Shareholders' funds		738,026	185,319

For the year ending 31 July 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 28 April 2017

And signed on their behalf by:
Ben White, Director

OBER PRIVATE CLIENTS LIMITED Registered Number 08157042

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for services and commissions net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer Equipment 25% Reducing Balance

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

Other accounting policies
Revenue Recognition
Revenue is recognised as earned income when, and to the extent that, the company obtains the right to consideration in exchange for the services it has provided.

2Tangible fixed assets

	£
Cost
At 1 August 2015	1,720
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	1,720
Depreciation
At 1 August 2015	651
Charge for the year	268
On disposals	-
At 31 July 2016	919
Net book values
At 31 July 2016	801
At 31 July 2015	1,069

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.