Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31No description of principal activitytruetrue2023-01-01false33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11114126 2023-01-01 2023-12-31 11114126 2022-01-01 2022-12-31 11114126 2023-12-31 11114126 2022-12-31 11114126 c:Director1 2023-01-01 2023-12-31 11114126 d:PlantMachinery 2023-01-01 2023-12-31 11114126 d:PlantMachinery 2023-12-31 11114126 d:PlantMachinery 2022-12-31 11114126 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11114126 d:FreeholdInvestmentProperty 2023-12-31 11114126 d:FreeholdInvestmentProperty 2022-12-31 11114126 d:CurrentFinancialInstruments 2023-12-31 11114126 d:CurrentFinancialInstruments 2022-12-31 11114126 d:Non-currentFinancialInstruments 2023-12-31 11114126 d:Non-currentFinancialInstruments 2022-12-31 11114126 d:Non-currentFinancialInstruments 1 2023-12-31 11114126 d:Non-currentFinancialInstruments 1 2022-12-31 11114126 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11114126 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11114126 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11114126 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11114126 d:ShareCapital 2023-12-31 11114126 d:ShareCapital 2022-12-31 11114126 d:RetainedEarningsAccumulatedLosses 2023-12-31 11114126 d:RetainedEarningsAccumulatedLosses 2022-12-31 11114126 c:FRS102 2023-01-01 2023-12-31 11114126 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11114126 c:FullAccounts 2023-01-01 2023-12-31 11114126 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11114126 2 2023-01-01 2023-12-31 11114126 6 2023-01-01 2023-12-31 11114126 2 2023-12-31 11114126 3 2023-12-31 11114126 2 2022-12-31 11114126 3 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 11114126










OTTER STONE GROUP LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
OTTER STONE GROUP LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
OTTER STONE GROUP LTD
REGISTERED NUMBER: 11114126

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
4,802
5,351

Investments
 5 
926,290
139,792

Investment property
 6 
1,050,000
1,050,000

  
1,981,092
1,195,143

Current assets
  

Debtors: amounts falling due after more than one year
 7 
2,900,000
2,900,000

Debtors: amounts falling due within one year
 7 
245,923
218,758

Cash at bank and in hand
 8 
793,139
588,300

  
3,939,062
3,707,058

Creditors: amounts falling due within one year
 9 
(1,598,641)
(831,763)

Net current assets
  
 
 
2,340,421
 
 
2,875,295

Total assets less current liabilities
  
4,321,513
4,070,438

Creditors: amounts falling due after more than one year
 10 
(3,000,000)
(3,000,000)

  

Net assets
  
1,321,513
1,070,438


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
1,321,503
1,070,428

  
1,321,513
1,070,438


Page 1

 
OTTER STONE GROUP LTD
REGISTERED NUMBER: 11114126
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 income and retained earnings 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: 



................................................
John Goodman
Director

Date: 6 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Otter Stone Group Ltd is a Company limited by shares, registered in England and Wales, registered number 11114126. The registered office address is Century House, 1 The Lakes, Northampton, NN4 7HD.

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

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

Page 3

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office building
-
10 years straight-line method

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.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Other investments are stated at historical cost. Amortisation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method over 15 years.

 
2.7

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.

 
2.8

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.

  
2.9

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No depreciation
is provided. Changes in fair value are recognised in profit and loss.

Page 4

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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


4.


Tangible fixed assets





Office building

£



Cost or valuation


At 1 January 2023
5,488



At 31 December 2023

5,488



Depreciation


At 1 January 2023
137


Charge for the year on owned assets
549



At 31 December 2023

686



Net book value



At 31 December 2023
4,802



At 31 December 2022
5,351

Page 5

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Unlisted investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 January 2023
103,750
37,500
141,250


Additions
788,998
-
788,998



At 31 December 2023

892,748
37,500
930,248



Impairment


At 1 January 2023
-
1,458
1,458


Charge for the period
-
2,500
2,500



At 31 December 2023

-
3,958
3,958



Net book value



At 31 December 2023
892,748
33,542
926,290



At 31 December 2022
103,750
36,042
139,792


6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,050,000



At 31 December 2023
1,050,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
2,900,000
2,900,000


2023
2022
£
£

Due within one year

Other debtors
245,923
218,758



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
793,139
588,300



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
78,154
41,384

Other creditors
1,517,287
788,279

Accruals and deferred income
3,200
2,100

1,598,641
831,763



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Share capital treated as debt
3,000,000
3,000,000




Page 7

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Transactions with directors

At 31 December 2023 there were amounts owed to a Director of the company of £1,313,287 (2022 -  £784,225). No interest was paid on this loan in either year. This balance is unsecured and has no set repayment date. This is shown in other creditors due in one year
At 31 December 2023 there was a loan owing to Hotbox Design Ltd, a Company with a common director of £200,000 (2022 - £nil). This balance is unsecured and has no set repayment date. This is shown in other creditors due in one year

 
Page 8