Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31false32022-06-01falseOrganising continued professional development events for clinicians and other interest parties3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07269060 2022-06-01 2023-05-31 07269060 2021-06-01 2022-05-31 07269060 2023-05-31 07269060 2022-05-31 07269060 c:Director1 2022-06-01 2023-05-31 07269060 d:FurnitureFittings 2022-06-01 2023-05-31 07269060 d:FurnitureFittings 2023-05-31 07269060 d:FurnitureFittings 2022-05-31 07269060 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07269060 d:ComputerEquipment 2022-06-01 2023-05-31 07269060 d:ComputerEquipment 2023-05-31 07269060 d:ComputerEquipment 2022-05-31 07269060 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07269060 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07269060 d:ComputerSoftware 2023-05-31 07269060 d:ComputerSoftware 2022-05-31 07269060 d:CurrentFinancialInstruments 2023-05-31 07269060 d:CurrentFinancialInstruments 2022-05-31 07269060 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07269060 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07269060 d:ShareCapital 2023-05-31 07269060 d:ShareCapital 2022-05-31 07269060 d:RetainedEarningsAccumulatedLosses 2023-05-31 07269060 d:RetainedEarningsAccumulatedLosses 2022-05-31 07269060 c:FRS102 2022-06-01 2023-05-31 07269060 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07269060 c:FullAccounts 2022-06-01 2023-05-31 07269060 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07269060 d:ComputerSoftware d:OwnedIntangibleAssets 2022-06-01 2023-05-31 07269060 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 07269060










ORYON DEVELOP LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
ORYON DEVELOP LTD
REGISTERED NUMBER: 07269060

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,686
7,549

Tangible assets
 5 
702
937

  
7,388
8,486

Current assets
  

Debtors: amounts falling due within one year
 6 
3,638
483

Cash at bank and in hand
 7 
3,721
21,657

  
7,359
22,140

Creditors: amounts falling due within one year
 8 
(4,688)
(7,858)

Net current assets
  
 
 
2,671
 
 
14,282

Total assets less current liabilities
  
10,059
22,768

  

Net assets
  
10,059
22,768


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
10,057
22,766

  
10,059
22,768


Page 1

 
ORYON DEVELOP LTD
REGISTERED NUMBER: 07269060
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider 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 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.

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 comprehensive income 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 by: 




L C Clark
Director

Date: 12 February 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Oryon Develop Limited is a private limited company incorporated in the UK and registered in England and Wales, registration number 07269060. The registered office is 14th Floor, 33 Cavendish Square, London, United Kingdom, W1G 0PW.

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 directors believe that the company has the ability to fulfil its financial obligations for a period of at least twelve months from the date of these financial statements and therefore consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

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.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight-line method
Computer equipment
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Basic financial assets

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

Page 5

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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.

Page 6

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Intangible assets




Website development costs

£



Cost


At 1 June 2022
8,634



At 31 May 2023

8,634



Amortisation


At 1 June 2022
1,085


Charge for the year on owned assets
863



At 31 May 2023

1,948



Net book value



At 31 May 2023
6,686



At 31 May 2022
7,549



Page 7

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
3,773
2,732
6,505



At 31 May 2023

3,773
2,732
6,505



Depreciation


At 1 June 2022
3,772
1,796
5,568


Charge for the year on owned assets
1
234
235



At 31 May 2023

3,773
2,030
5,803



Net book value



At 31 May 2023
-
702
702



At 31 May 2022
1
936
937


6.


Debtors

2023
2022
£
£


Trade debtors
299
46

Other debtors
3,339
245

Prepayments and accrued income
-
192

3,638
483



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,721
21,657


Page 8

 
ORYON DEVELOP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,495
2,620

Corporation tax
49
1,700

Other taxation and social security
144
538

Accruals and deferred income
3,000
3,000

4,688
7,858


 
Page 9