IRIS Accounts Production v23.3.0.418 09485206 director 1.6.22 31.5.23 31.5.23 true false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094852062022-05-31094852062023-05-31094852062022-06-012023-05-31094852062021-05-31094852062021-06-012022-05-31094852062022-05-3109485206ns16:EnglandWales2022-06-012023-05-3109485206ns15:PoundSterling2022-06-012023-05-3109485206ns11:Director12022-06-012023-05-3109485206ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3109485206ns11:SmallEntities2022-06-012023-05-3109485206ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-3109485206ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3109485206ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3109485206ns11:FullAccounts2022-06-012023-05-3109485206ns11:OrdinaryShareClass12022-06-012023-05-3109485206ns11:OrdinaryShareClass22022-06-012023-05-3109485206ns11:RegisteredOffice2022-06-012023-05-3109485206ns6:CurrentFinancialInstruments2023-05-3109485206ns6:CurrentFinancialInstruments2022-05-3109485206ns6:ShareCapital2023-05-3109485206ns6:ShareCapital2022-05-3109485206ns6:RetainedEarningsAccumulatedLosses2023-05-3109485206ns6:RetainedEarningsAccumulatedLosses2022-05-3109485206ns6:CostValuation2022-05-3109485206ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3109485206ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3109485206ns11:OrdinaryShareClass12023-05-3109485206ns11:OrdinaryShareClass22023-05-3109485206ns11:Director112022-05-3109485206ns11:Director112021-05-3109485206ns11:Director112022-06-012023-05-3109485206ns11:Director112021-06-012022-05-3109485206ns11:Director112023-05-3109485206ns11:Director112022-05-31
REGISTERED NUMBER: 09485206 (England and Wales)















Obsidian Partitioning Limited

Unaudited Financial Statements for the Year Ended 31 May 2023






Obsidian Partitioning Limited (Registered number: 09485206)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Obsidian Partitioning Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr D J Ferguson





REGISTERED OFFICE: Unit 7, Copthorne Business Park
Dowlands Lane
Copthorne
Crawley
West Sussex
RH10 3HX





REGISTERED NUMBER: 09485206 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Obsidian Partitioning Limited (Registered number: 09485206)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 301,614 301,614

CURRENT ASSETS
Debtors 5 154,583 151,080
Cash at bank 115 86
154,698 151,166
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

845,984

711,650
NET CURRENT LIABILITIES (691,286 ) (560,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(389,672

)

(258,870

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (389,772 ) (258,970 )
SHAREHOLDERS' FUNDS (389,672 ) (258,870 )

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

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

The director acknowledges his 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.

Obsidian Partitioning Limited (Registered number: 09485206)

Balance Sheet - continued
31 May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





Mr D J Ferguson - Director


Obsidian Partitioning Limited (Registered number: 09485206)

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

1. STATUTORY INFORMATION

Obsidian Partitioning 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Obsidian Partitioning Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any provision for permanent diminution in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Obsidian Partitioning Limited (Registered number: 09485206)

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

2. ACCOUNTING POLICIES - continued
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.

Revenue recognition
Income from investments is recognised when the right to receive payment is established.

Going concern
These financial statements have been prepared on a going concern basis notwithstanding the deficiency of net assets shown on the Balance Sheet. The director has assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

At the time of approving the financial statements the director believes that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and has indicated his willingness to continue to support the company for at least this period. The director has thus concluded that the going concern basis remains appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 301,614
NET BOOK VALUE
At 31 May 2023 301,614
At 31 May 2022 301,614

Obsidian Partitioning Limited (Registered number: 09485206)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 154,583 151,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 843,559 699,903
Taxation and social security 834 10,660
Other creditors 1,591 1,087
845,984 711,650

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

All share types rank pari passu in all respects.

8. CONTINGENT LIABILITIES

The company has provided a guarantee to the group's bankers in respect of Evolution Glass Limited, the company's subsidiary company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr D J Ferguson
Balance outstanding at start of year 114,022 81,795
Amounts advanced 2,318 32,227
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 116,340 114,022

Obsidian Partitioning Limited (Registered number: 09485206)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest was charged on this loan at a rate of 2% to 5 April 2023 and 2.25% from 6 April 2023, totalling £2,318 (2022 - £2,230). This loan is unsecured and repayable on demand.