0 24 November 2023 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13153008 2022-04-01 2023-03-31 13153008 2023-03-31 13153008 2022-03-31 13153008 bus:Director4 2022-04-01 2023-03-31 13153008 core:WithinOneYear 2023-03-31 13153008 core:WithinOneYear 2022-03-31 13153008 core:ShareCapital 2023-03-31 13153008 core:ShareCapital 2022-03-31 13153008 core:SharePremium 2023-03-31 13153008 core:RetainedEarningsAccumulatedLosses 2023-03-31 13153008 bus:SmallEntities 2022-04-01 2023-03-31 13153008 bus:Audited 2022-04-01 2023-03-31 13153008 bus:FullAccounts 2022-04-01 2023-03-31 13153008 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13153008 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 13153008
OCULA TECHNOLOGIES HOLDINGS LIMITED
FILLETED FINANCIAL STATEMENTS
31 March 2023
OCULA TECHNOLOGIES HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
1,950,079
Cash at bank and in hand
1,075,211
103
------------
------------
1,075,211
1,950,182
CREDITORS: amounts falling due within one year
5
82
1,950,079
------------
------------
NET CURRENT ASSETS
1,075,129
103
------------
----
TOTAL ASSETS LESS CURRENT LIABILITIES
1,075,129
103
------------
----
CAPITAL AND RESERVES
Called up share capital fully paid
169
103
Share premium account
1,999,973
Profit and loss account
( 925,013)
------------
----
SHAREHOLDERS FUNDS
1,075,129
103
------------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
Mr T McKenna
Director
Company registration number: 13153008
OCULA TECHNOLOGIES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 New Street Square, London, EC4A 3TW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. DEBTORS
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,950,079
----
------------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
82
1,950,079
----
------------
6. SUMMARY AUDIT OPINION
The auditor's report for the year dated 24 November 2023 was unqualified .
The senior statutory auditor was Gavin Snape ACA , for and on behalf of Meadows & Co Limited .
7. RELATED PARTY TRANSACTIONS
During the period the company undertook transactions with the following related parties: At 31 March 2023 the parent company was owed £82 (2022 - £1,950,079). Funds were received during the year from Castelnau Group Limited as part of a loan for the amount of £1,700,287 The company has received loan waivers during the year in respect of a loan balance totalling £3,000,000 issued from Castelnau Group Limited
8. CONTROLLING PARTY
The company is 55.08% owned by Castelnau Group Limited , a company incorporated in Guernsey.