IDEAONE_LIMITED - Accounts

IDEAONE LIMITED - Company Information

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Company Registration No. 03863184 (England and Wales)

IDEAONE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

IDEAONE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

IDEAONE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

Current assets

Debtors

1,898,459

1,889,446

Cash at bank and in hand

401

6,642

1,898,860

1,896,088

Creditors: amounts falling due within one year

(4,870)

(812)

Net current assets

1,893,990

1,895,276

Total assets less current liabilities

1,893,992

1,895,278

Capital and reserves

Called up share capital

Profit and loss account

1,893,990

1,895,276

Shareholders' funds

1,893,992

1,895,278

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 July 2017

D Marcus

Director

Company Registration No. 03863184

IDEAONE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Investments

Fixed asset investments are stated at cost.

1.3

Revenue recognition

The sale proceeds of trading properties sold during the year are recognised when the risks and rewards of ownership have been transferred to the purchaser.

Fixed assets

Investments

Cost

At 1 November 2015 & at 31 October 2016

At 31 October 2015

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Callclear Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Callclear Limited

Property Development

(75,297)

(18,045)

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each