2017-01-01 05912761 2017-12-31 05912761 2017-01-01 2017-12-31 05912761 2016-12-31 05912761 2016-01-01 2016-12-31 05912761 uk-core:WithinOneYear 2016-12-31 05912761 uk-core:WithinOneYear 2017-12-31 05912761 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 05912761 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05912761 uk-bus:Director1 2017-01-01 2017-12-31 05912761 uk-core:ToolsEquipment 2017-01-01 2017-12-31 iso4217:GBP 05912761 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 05912761 uk-bus:FRS102 2017-01-01 2017-12-31 05912761 uk-bus:FullAccounts 2017-01-01 2017-12-31 05912761 uk-bus:CompanyLimitedByGuarantee 2017-01-01 2017-12-31
OpenStreetMap Foundation Ltd
Registered Number : 05912761
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
OpenStreetMap Foundation Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2017
OpenStreetMap Foundation Ltd
Statement of Financial Position
Registered Number :
05912761
£
£
2016
2017
Notes
Fixed assets
Property , plant and equipment
53,825
42,800
2
53,825
42,800
Current assets
Trade and other receivables
26,616
10,284
3
166,439
Cash and cash equivalents
226,478
236,762
193,055
Trade and other payables : amounts falling due within one
year
(15,401)
(3,279)
4
177,654
233,483
Net current assets
Total assets less current liabilities
287,308
220,454
287,308
Net assets
220,454
Capital and reserves
Retained earnings
287,308
220,454
287,308
220,454
Members' Funds
For the year ended 31 December 2017 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 of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b ) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements , so far as applicable to the company .
In accordance with Section 444 of the Companies Act 2006 , the Income Statement has not been delivered .
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Frederik Ramm Director
These financial statements were approved and authorised for issue by the Board on 04 April 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2017
OpenStreetMap Foundation Ltd
Notes to the Financial Statements
Statutory Information
OpenStreetMap Foundation Ltd is a private limited company , limited by guarantee , domiciled in England and Wales ,
registration number 05912761 .
Registered address :
132 Maney Hill Road
Sutton Coldfield
West Midlands
United Kingdom
B72 1JU
The presentation currency is £ sterling .
1 . Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland ' and the
Companies Act 2006 . The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets .
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer equipment
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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5
For the year ended 31 December 2017
OpenStreetMap Foundation Ltd
Notes to the Financial Statements Continued
2 . Property , plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 January 2017
164,778
40,108
Additions
At 31 December 2017
204,886
Provision for depreciation and impairment
At 01 January 2017
121,978
Charge for year
29,083
At 31 December 2017
151,061
At 31 December 2017
Net book value
53,825
At 31 December 2016
42,800
3 . Trade and other receivables
2016
2017
£
£
Trade debtors
7,793
14,295
Other debtors
2,491
12,321
26,616
10,284
4 . Trade and other payables : amounts falling due within one year
2016
2017
£
£
Trade creditors
(48)
4,851
Taxation and social security
2,577
3,848
Other creditors
750
6,702
3,279
15,401
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