Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false1No description of principal activity2022-04-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04767425 2022-04-01 2023-03-31 04767425 2021-04-01 2022-03-31 04767425 2023-03-31 04767425 2022-03-31 04767425 c:Director1 2022-04-01 2023-03-31 04767425 d:CurrentFinancialInstruments 2023-03-31 04767425 d:CurrentFinancialInstruments 2022-03-31 04767425 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04767425 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04767425 d:ShareCapital 2023-03-31 04767425 d:ShareCapital 2022-03-31 04767425 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 04767425 d:RetainedEarningsAccumulatedLosses 2023-03-31 04767425 d:RetainedEarningsAccumulatedLosses 2022-03-31 04767425 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04767425 c:OrdinaryShareClass1 2023-03-31 04767425 c:OrdinaryShareClass1 2022-03-31 04767425 c:FRS102 2022-04-01 2023-03-31 04767425 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04767425 c:FullAccounts 2022-04-01 2023-03-31 04767425 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04767425 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04767425






OYSTER FUTURES LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED MARCH 31, 2023

 
OYSTER FUTURES LIMITED
REGISTERED NUMBER: 04767425

STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,003
3,945

Cash at bank and in hand
 5 
-
168

  
1,003
4,113

Creditors: amounts falling due within one year
 6 
(4,100)
(6,146)

Net current liabilities
  
 
 
(3,097)
 
 
(2,033)

Total assets less current liabilities
  
(3,097)
(2,033)

  

Net liabilities
  
(3,097)
(2,033)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
 8 
(3,099)
(2,035)

  
(3,097)
(2,033)


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 his 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 statement of income and retained earnings 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 signed on its behalf on November 27, 2023.




M Carney
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
OYSTER FUTURES LIMITED
REGISTERED NUMBER: 04767425
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT MARCH 31, 2023


Page 2

 
OYSTER FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2023

1.


General information

Oyster Futures Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

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

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 3

 
OYSTER FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

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


4.


Debtors

2023
2022
£
£


Trade debtors
500
500

Other debtors
503
3,445

1,003
3,945


Page 4

 
OYSTER FUTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
168

Less: bank overdrafts
(6)
-

(6)
168



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
6
-

Trade creditors
1,969
3,023

Corporation tax
123
123

Other creditors
2
-

Accruals
2,000
3,000

4,100
6,146



7.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



8.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 5