Orasis Management Limited 08894074 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Property Rental Digita Accounts Production Advanced 6.30.9574.0 true true 08894074 2022-03-01 2023-02-28 08894074 2023-02-28 08894074 bus:OrdinaryShareClass1 bus:OtherShareType 2023-02-28 08894074 bus:Original 2023-02-28 08894074 core:CurrentFinancialInstruments 2023-02-28 08894074 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08894074 core:Non-currentFinancialInstruments 2023-02-28 08894074 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 08894074 bus:SmallEntities 2022-03-01 2023-02-28 08894074 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08894074 bus:FullAccounts 2022-03-01 2023-02-28 08894074 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08894074 bus:RegisteredOffice 2022-03-01 2023-02-28 08894074 bus:Director1 2022-03-01 2023-02-28 08894074 bus:OrdinaryShareClass1 bus:OtherShareType 2022-03-01 2023-02-28 08894074 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08894074 countries:EnglandWales 2022-03-01 2023-02-28 08894074 2021-03-01 2022-02-28 08894074 2022-02-28 08894074 bus:OrdinaryShareClass1 bus:OtherShareType 2022-02-28 08894074 core:CurrentFinancialInstruments 2022-02-28 08894074 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 08894074 core:Non-currentFinancialInstruments 2022-02-28 08894074 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08894074

Orasis Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Orasis Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Orasis Management Limited

Company Information

Director

L Louca

Registered office

4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

Accountants

Addicus
Chartered Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Orasis Management Limited

(Registration number: 08894074)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

49,396

47,259

Cash at bank and in hand

 

535

3,502

 

49,931

50,761

Creditors: Amounts falling due within one year

5

(3,834)

(3,919)

Total assets less current liabilities

 

46,097

46,842

Creditors: Amounts falling due after more than one year

5

(5,717)

(8,167)

Net assets

 

40,380

38,675

Capital and reserves

 

Called up share capital

6

10

10

Retained earnings

40,370

38,665

Shareholders' funds

 

40,380

38,675

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 November 2023
 


L Louca
Director

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

2023
£

2022
£

Other debtors

49,252

47,115

Prepayments

144

144

49,396

47,259

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

2,450

2,450

Trade creditors

 

144

144

Taxation and social security

 

400

485

Accruals and deferred income

 

840

840

 

3,834

3,919

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

5,717

8,167

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

5,717

8,167

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2023
£

2022
£

Current loans and borrowings

Bank borrowings

2,450

2,450