Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr H T Rowley 18/02/2021 27 November 2023 The principal activity of the Company during the financial year was the publishing of books. 13211616 2023-02-28 13211616 bus:Director1 2023-02-28 13211616 2022-02-28 13211616 core:CurrentFinancialInstruments 2023-02-28 13211616 core:CurrentFinancialInstruments 2022-02-28 13211616 core:ShareCapital 2023-02-28 13211616 core:ShareCapital 2022-02-28 13211616 core:RetainedEarningsAccumulatedLosses 2023-02-28 13211616 core:RetainedEarningsAccumulatedLosses 2022-02-28 13211616 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-02-28 13211616 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-02-28 13211616 bus:OrdinaryShareClass1 2023-02-28 13211616 2022-03-01 2023-02-28 13211616 bus:FullAccounts 2022-03-01 2023-02-28 13211616 bus:SmallEntities 2022-03-01 2023-02-28 13211616 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 13211616 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13211616 bus:Director1 2022-03-01 2023-02-28 13211616 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-03-01 2023-02-28 13211616 core:OtherResidualIntangibleAssets 2022-03-01 2023-02-28 13211616 2021-02-18 2022-02-28 13211616 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 13211616 bus:OrdinaryShareClass1 2021-02-18 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13211616 (England and Wales)

ORTAC PRESS LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

ORTAC PRESS LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

ORTAC PRESS LIMITED

COMPANY INFORMATION

For the financial year ended 28 February 2023
ORTAC PRESS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTOR Mr H T Rowley
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
BUSINESS ADDRESS 1 Cumberland Gardens
London
WC1X 9AF
COMPANY NUMBER 13211616 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
ORTAC PRESS LIMITED

BALANCE SHEET

As at 28 February 2023
ORTAC PRESS LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 28.02.2023 28.02.2022
£ £
Fixed assets
Intangible assets 3 506 675
506 675
Current assets
Stocks 4 5,640 0
Debtors 5 2,923 1,678
Cash at bank and in hand 871 626
9,434 2,304
Creditors: amounts falling due within one year 6 ( 26,276) ( 6,817)
Net current liabilities (16,842) (4,513)
Total assets less current liabilities (16,336) (3,838)
Net liabilities ( 16,336) ( 3,838)
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account ( 16,337 ) ( 3,839 )
Total shareholder's deficit ( 16,336) ( 3,838)

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 financial statements of Ortac Press Limited (registered number: 13211616) were approved and authorised for issue by the Director on 27 November 2023. They were signed on its behalf by:

Mr H T Rowley
Director
ORTAC PRESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
ORTAC PRESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Ortac Press Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is 1 Cumberland Gardens, London, WC1X 9AF.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 25 % reducing balance
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Year ended
28.02.2023
Period from
18.02.2021 to
28.02.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Intangible assets

Website costs Total
£ £
Cost
At 01 March 2022 704 704
At 28 February 2023 704 704
Accumulated amortisation
At 01 March 2022 29 29
Charge for the financial year 169 169
At 28 February 2023 198 198
Net book value
At 28 February 2023 506 506
At 28 February 2022 675 675

4. Stocks

28.02.2023 28.02.2022
£ £
Stocks 2,985 0
Work in progress 2,655 0
5,640 0

5. Debtors

28.02.2023 28.02.2022
£ £
Prepayments 448 28
Other debtors 2,475 1,650
2,923 1,678

6. Creditors: amounts falling due within one year

28.02.2023 28.02.2022
£ £
Amounts owed to director 24,298 4,999
Accruals and deferred income 1,978 1,818
26,276 6,817

7. Called-up share capital

28.02.2023 28.02.2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1