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REGISTERED NUMBER: 07473834 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Orasys Limited

Orasys Limited (Registered number: 07473834)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orasys Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J B Patel
Mrs S Sardeshpande





REGISTERED OFFICE: 10 Dunlin Rise
Guildford
Surrey
GU4 7DX





REGISTERED NUMBER: 07473834 (England and Wales)





ACCOUNTANTS: Euro Ashfords (UK) Ltd
2nd Floor,
39 Ludgate hill
London
EC4M 7JN

Orasys Limited (Registered number: 07473834)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,282 1,377
Investments 5 7,088 5,064
8,370 6,441

CURRENT ASSETS
Debtors 6 103,555 145,520
Cash at bank 39,180 26,945
142,735 172,465
CREDITORS
Amounts falling due within one year 7 14,288 13,488
NET CURRENT ASSETS 128,447 158,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,817

165,418

CREDITORS
Amounts falling due after more than one
year

8

25,001

34,027
NET ASSETS 111,816 131,391

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 (14,583 ) (38,114 )
Retained earnings 11 125,399 168,505
SHAREHOLDERS' FUNDS 111,816 131,391

Orasys Limited (Registered number: 07473834)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:




J B Patel - Director



Mrs S Sardeshpande - Director


Orasys Limited (Registered number: 07473834)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Orasys Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Orasys Limited (Registered number: 07473834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 3,282
Additions 654
At 31 March 2023 3,936
DEPRECIATION
At 1 April 2022 1,905
Charge for year 749
At 31 March 2023 2,654
NET BOOK VALUE
At 31 March 2023 1,282
At 31 March 2022 1,377

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2022 5,064
Disposals (17,010 )
Impairments (75,744 )
Reversal of impairments 94,778
At 31 March 2023 7,088
NET BOOK VALUE
At 31 March 2023 7,088
At 31 March 2022 5,064

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£   
Valuation in 2021 67,499
Valuation in 2022 (62,435 )
Valuation in 2023 2,024
7,088

Orasys Limited (Registered number: 07473834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 97,522 97,522

Fixed asset investments were valued on an open market basis on 31 March 2023 by IBKR .

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
other debtors - 12,474
Withholding tax to receive 3 3
S455 tax charge 35,750 35,750
Directors' loan accounts - 29,637
VAT 146 -
35,899 77,864

Amounts falling due after more than one year:
Amounts owed by group undertakings 67,656 67,656

Aggregate amounts 103,555 145,520

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 10,648 10,648
Tax 20 20
Social security and other taxes (28 ) (28 )
VAT - 93
Directors' current accounts 1,755 1,755
Directors' loan accounts 893 -
Accrued expenses 1,000 1,000
14,288 13,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 25,001 34,027

Orasys Limited (Registered number: 07473834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,353 23,379

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 168,505 (38,114 ) 130,391
Deficit for the year (102,353 ) (102,353 )
Dividends (12,000 ) (12,000 )
Fair value reserve 71,247 23,531 94,778
At 31 March 2023 125,399 (14,583 ) 110,816

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J B Patel
Balance outstanding at start of year 29,637 93,477
Amounts repaid (30,530 ) (63,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (893 ) 29,637

Orasys Limited (Registered number: 07473834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company is owed £67,656 (2022: £67,656) by its related company Wmsys Ltd. Director, Mr Jigar Patel, is also a director and shareholder of its related company Wmsys Ltd.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Sardeshpande.