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REGISTERED NUMBER: 04806357 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Omada Consulting Ltd

Omada Consulting Ltd (Registered number: 04806357)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Omada Consulting Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: G W R Morffew





REGISTERED OFFICE: 29 Wellington Park
Bristol
BS8 2UW





REGISTERED NUMBER: 04806357 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Omada Consulting Ltd (Registered number: 04806357)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,155 1,970
Investment property 5 600,000 560,000
601,155 561,970

CURRENT ASSETS
Debtors 6 93,245 121,565
Cash at bank 641,399 538,601
734,644 660,166
CREDITORS
Amounts falling due within one year 7 27,723 59,158
NET CURRENT ASSETS 706,921 601,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,308,076

1,162,978

PROVISIONS FOR LIABILITIES 219 374
NET ASSETS 1,307,857 1,162,604

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 48,000 8,000
Retained earnings 8 1,259,757 1,154,504
1,307,857 1,162,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Omada Consulting Ltd (Registered number: 04806357)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 9 April 2024 and were signed by:





G W R Morffew - Director


Omada Consulting Ltd (Registered number: 04806357)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Omada Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Omada Consulting Ltd (Registered number: 04806357)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 8,320 14,079 22,399
DEPRECIATION
At 1 July 2022 7,682 12,747 20,429
Charge for year 159 656 815
At 30 June 2023 7,841 13,403 21,244
NET BOOK VALUE
At 30 June 2023 479 676 1,155
At 30 June 2022 638 1,332 1,970

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 560,000
Revaluations 40,000
At 30 June 2023 600,000
NET BOOK VALUE
At 30 June 2023 600,000
At 30 June 2022 560,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2017 493,250
Valuation in 2019 58,750
Valuation in 2021 8,000
Valuation in 2023 40,000
600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 78,080 114,967
Other debtors 4,605 6,598
Prepayments and accrued income 10,560 -
93,245 121,565

Omada Consulting Ltd (Registered number: 04806357)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,048 3,343
Tax (4,027 ) 2,716
Social security and other taxes (60 ) (60 )
VAT 16,832 3,715
Other creditors 338 753
Directors' current accounts 12,100 47,341
Accruals and deferred income 1,492 1,350
27,723 59,158

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2022 1,154,504 8,000 1,162,504
Profit for the year 193,597 193,597
Dividends (88,344 ) (88,344 )
Revaluation - 40,000 40,000
At 30 June 2023 1,259,757 48,000 1,307,757

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £12,100 (2022 - £47,341 ).