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REGISTERED NUMBER: 05092790 (England and Wales)















ODSTONE AGELLUS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023






ODSTONE AGELLUS LIMITED (REGISTERED NUMBER: 05092790)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ODSTONE AGELLUS LIMITED (REGISTERED NUMBER: 05092790)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 80,318 58,411
Cash at bank 47,402 71,740
127,720 130,151
CREDITORS
Amounts falling due within one year 5 10,540 6,207
NET CURRENT ASSETS 117,180 123,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,180

123,944

CREDITORS
Amounts falling due after more than one
year

6

29,863

34,287
NET ASSETS 87,317 89,657

CAPITAL AND RESERVES
Called up share capital 1,802 1,802
Retained earnings 85,515 87,855
SHAREHOLDERS' FUNDS 87,317 89,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ODSTONE AGELLUS LIMITED (REGISTERED NUMBER: 05092790)

BALANCE SHEET - continued
31 OCTOBER 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 25 July 2024 and were signed by:





P E Bannister - Director


ODSTONE AGELLUS LIMITED (REGISTERED NUMBER: 05092790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Odstone Agellus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05092790

Registered office: Harborough House
No.1 London Road
Oadby
Leicester
LE2 5DL

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.

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.

3. EMPLOYEES AND DIRECTORS

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

ODSTONE AGELLUS LIMITED (REGISTERED NUMBER: 05092790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 80,318 58,411

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,731 3,623
Taxation and social security 1,632 1,631
Other creditors 5,177 953
10,540 6,207

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 29,863 34,287

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 29,863 34,287

7. ULTIMATE CONTROLLING PARTY

No single person has effective control of the company, although P E Bannister, a director , has executive control and owns 74.97% of the issued share capital.