Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01truetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity11true 12414420 2022-02-01 2023-01-31 12414420 2021-02-01 2022-01-31 12414420 2023-01-31 12414420 2022-01-31 12414420 c:Director1 2022-02-01 2023-01-31 12414420 d:CurrentFinancialInstruments 2023-01-31 12414420 d:CurrentFinancialInstruments 2022-01-31 12414420 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12414420 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 12414420 d:ShareCapital 2023-01-31 12414420 d:ShareCapital 2022-01-31 12414420 d:RetainedEarningsAccumulatedLosses 2023-01-31 12414420 d:RetainedEarningsAccumulatedLosses 2022-01-31 12414420 c:OrdinaryShareClass1 2022-02-01 2023-01-31 12414420 c:OrdinaryShareClass1 2023-01-31 12414420 c:OrdinaryShareClass1 2022-01-31 12414420 c:FRS102 2022-02-01 2023-01-31 12414420 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12414420 c:FullAccounts 2022-02-01 2023-01-31 12414420 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 12414420












OJOCALIENTE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

 

OJOCALIENTE LIMITED

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4



 
REGISTERED NUMBER:12414420
OJOCALIENTE LIMITED

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
804
-

Cash at bank and in hand
  
209
(9)

  
1,013
(9)

Creditors: amounts falling due within one year
 5 
(133,654)
(25,971)

Net current liabilities
  
 
 
(132,641)
 
 
(25,980)

Total assets less current liabilities
  
(132,641)
(25,980)

  

Net liabilities
  
(132,641)
(25,980)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(132,741)
(26,080)

Total deficit
  
(132,641)
(25,980)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were and signed by the sole director.



A Escobedo Conover
Director
Date: 1 November 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 

OJOCALIENTE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Ojocaliente Limited is a private company limited by shares and registered in England and Wales. Its registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that
the company has a deficiency on total equity at the end of the year. The director considers this basis
to be appropriate as the company has received a letter of financial support from its shareholder.


2.3

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 2

 

OJOCALIENTE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


 (continued)



 (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.5

Share capital

Ordinary shares are classified as equity.

Page 3

 

OJOCALIENTE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Prepayments
804
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,768
2,803

Other taxation and social security
106
-

Other creditors
127,280
20,868

Accruals and deferred income
2,500
2,300

133,654
25,971



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

Within other creditors is a balance of £127,280 (2022: £20,868) owed to the director of the company. No interest is charged on this amount and the amount is repayable on demand.

 
Page 4