Company Registration No. 06363107 (England and Wales)
Ortolan Group Limited
Abbreviated unaudited accounts
for the year ended 30 September 2016
Ortolan Group Limited
Abbreviated Balance Sheet
as at
30 September 2016
Tangible assets
1,747
2,438
Cash at bank and in hand
103,222
52,363
Creditors: amounts falling due within one year
(61,498)
(65,494)
Net current assets
73,250
52,600
Total assets less current liabilities
74,999
55,040
Provisions for liabilities
(332)
(361)
Called up share capital
500
500
Profit and loss account
74,167
54,179
Total shareholders' funds
74,667
54,679
For the year ending 30 September 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 26 June 2017
N Benson
Director
Company Registration No. 06363107
Ortolan Group Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its
performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT
and other sales tax or duty. Any fees invoiced in advance of placement dates are included within deferred income
and released in the relevant year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixed asset investments are stated at historical cost less provision for any diminution in value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Ortolan Group Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
At 30 September 2016
28,383
Charge for the year
2,122
At 30 September 2016
26,636
At 30 September 2016
1,747
At 30 September 2015
2,438
4
Share capital
2016
2015
Allotted, called up and fully paid:
50,000 Ordinary shares of £0.01 each
500
500
5
Transactions with directors
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free advances
5,917
-
5,917
-