Registered number
06948001
(England and Wales)
Oneweb Limited
Filleted Accounts
30 March 2023
Oneweb Limited
Registered number: 06948001
Balance Sheet
as at 30 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 873,761 799,999
Current assets
Cash at bank and in hand 1 1
Creditors: amounts falling due within one year 4 (914,850) (755,810)
Net current liabilities (914,849) (755,809)
Net (liabilities)/assets (41,088) 44,190
Capital and reserves
Called up share capital 50,010 50,010
Profit and loss account (91,098) (5,820)
Shareholder's funds (41,088) 44,190
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G J Webb
Director
Approved by the board on 6 March 2024
Oneweb Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The Company had no turnover during this or the comparative period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 799,999
Additions 73,762
At 30 March 2023 873,761
Depreciation
At 30 March 2023 -
Net book value
At 30 March 2023 873,761
At 31 March 2022 799,999
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 914,850 755,810
5 Other information
Oneweb Limited is a private company limited by shares and incorporated in England. Its registered office is:
Whiston Hall, Black Lane
Whiston
Stoke-on-Trent
Staffordshire
ST10 2HZ
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