REGISTERED NUMBER: |
Oneragtime Woonivers Limited |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
REGISTERED NUMBER: |
Oneragtime Woonivers Limited |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
Oneragtime Woonivers Limited (Registered number: 12240227) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Chartered Accountants' Report | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Oneragtime Woonivers Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oneragtime Woonivers Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Oneragtime Woonivers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oneragtime Woonivers Limited and state those matters that we have agreed to state to the director of Oneragtime Woonivers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oneragtime Woonivers Limited and its director for our work or for this report. |
It is your duty to ensure that Oneragtime Woonivers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oneragtime Woonivers Limited. You consider that Oneragtime Woonivers Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Oneragtime Woonivers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
2nd Floor, Heathmans House |
19 Heathmans Road |
London |
SW6 4TJ |
Oneragtime Woonivers Limited (Registered number: 12240227) |
Balance Sheet |
31 October 2023 |
31.10.23 | 31.10.22 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium | 8 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Oneragtime Woonivers Limited (Registered number: 12240227) |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
OneRagtime Woonivers Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12240227 and its registered address is 5 Fleet Place, London, EC4M 7RD. |
The presentation currency of the financial statements is the Euro (€). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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'. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements. |
Turnover |
Turnover is recognised as management fees equal to the professional fees incurred during the year under review. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Investments |
Where possible, equity investments are valued in accordance with IPEVC (International Private Equity & Venture Capital) valuation guidelines, otherwise they are valued at cost less impairments. |
As the investments are not listed, the valuation is based on the last issued share price and where investments are revalued upwards, the value does not reflect any performance fee due. |
Oneragtime Woonivers Limited (Registered number: 12240227) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The director has considered a period of at least 12 months from the date of these financial statements. The going concern status of the company is intrinsically linked to the performance of the company into which the investment shown at note 4 to the financial statements has been placed. |
In December 2022 the target company raised additional capital by way of an equity issue and the going concern status of the company has been under view since. |
The director considers the going concern status of OneRagtime Woonivers Ltd to remain appropriate for a period of 12 months from the date of approval based on the capital needs of the target company having been met. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
€ |
COST |
At 1 November 2022 |
Additions |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
€ | € |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
€ | € |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.23 | 31.10.22 |
value: | € | € |
Ordinary | €0.10 | 544 | 534 |
Ordinary A | €1.00 | 1,000 | 1,000 |
1,544 | 1,534 |
Oneragtime Woonivers Limited (Registered number: 12240227) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
8. | RESERVES |
Retained | Share |
earnings | premium | Totals |
€ | € | € |
At 1 November 2022 | ( |
) | 106,169 |
Profit for the year |
Share issue | - | 10,690 | 10,690 |
At 31 October 2023 | ( |
) | 116,859 |
9. | ULTIMATE CONTROLLING PARTY |
The immediate and ultimate parent undertaking of the company is OneRagtime Venture Cloud a company incorporated in France with registered number SIREN 831125364 and trading address 60 Rue de Londres, Paris, 75008, France. |
The ultimate controlling party is Mrs S C Hospital |