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REGISTERED NUMBER: 02050216 (England and Wales)











Financial Statements

for the Year Ended 31 August 2023

for

ORIGINALS PLUS LIMITED

ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORIGINALS PLUS LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Miss D E Eddy
Mr J N Beaumont





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 02050216 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144 1,433
Investment property 5 850,000 850,000
850,144 851,433

CURRENT ASSETS
Debtors 6 3,573 2,359
Cash at bank 60,489 44,405
64,062 46,764
CREDITORS
Amounts falling due within one year 7 441,531 401,014
NET CURRENT LIABILITIES (377,469 ) (354,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,675

497,183

CREDITORS
Amounts falling due after more than one year 8 (314,900 ) (350,647 )

PROVISIONS FOR LIABILITIES 10 (19,558 ) (19,802 )
NET ASSETS 138,217 126,734

CAPITAL AND RESERVES
Called up share capital 11 980 980
Non-distributable reserves 83,260 83,260
Retained earnings 53,977 42,494
SHAREHOLDERS' FUNDS 138,217 126,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





Miss D E Eddy - Director


ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Originals Plus Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 trecognized recognised in the Income Statement, except to the extenrecognizedrelates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized 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 recognized 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 recognized 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 recognized 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.

3. EMPLOYEES AND DIRECTORS

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

ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 6,979 2,299 9,278
DEPRECIATION
At 1 September 2022 6,086 1,759 7,845
Charge for year 893 396 1,289
At 31 August 2023 6,979 2,155 9,134
NET BOOK VALUE
At 31 August 2023 - 144 144
At 31 August 2022 893 540 1,433

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 850,000
NET BOOK VALUE
At 31 August 2023 850,000
At 31 August 2022 850,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 (12,210 )
Valuation in 2018 50,000
Valuation in 2021 65,000
Cost 747,210
850,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 3,573 2,359

ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Tax 9,295 6,921
Other creditors 2,000 2,000
Directors' current accounts 428,592 390,449
Accrued expenses 1,644 1,644
441,531 401,014

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 9) 314,900 350,647

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 314,900 350,647

9. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 314,900 350,647

10. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 19,558 19,802

Deferred
tax
£   
Balance at 1 September 2022 19,802
Provided during year (244 )
Balance at 31 August 2023 19,558

ORIGINALS PLUS LIMITED (REGISTERED NUMBER: 02050216)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
978 Ordinary £1 978 978
1 A Class Ordinary £1 1 1
1 B Class Ordinary £1 1 1
980 980

12. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £428,592 (2022: £390,449), due and payable to the directors. The loan is interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss D E Eddy.