Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01falseManagement consultancy activities other than financial management33The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07337409 2023-04-01 2024-03-31 07337409 2022-04-01 2023-03-31 07337409 2024-03-31 07337409 2023-03-31 07337409 2022-04-01 07337409 c:Director1 2023-04-01 2024-03-31 07337409 d:CurrentFinancialInstruments 2024-03-31 07337409 d:CurrentFinancialInstruments 2023-03-31 07337409 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07337409 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07337409 d:ShareCapital 2024-03-31 07337409 d:ShareCapital 2023-03-31 07337409 d:ShareCapital 2022-04-01 07337409 d:SharePremium 2024-03-31 07337409 d:SharePremium 2023-03-31 07337409 d:SharePremium 2022-04-01 07337409 d:CapitalRedemptionReserve 2024-03-31 07337409 d:CapitalRedemptionReserve 2023-03-31 07337409 d:CapitalRedemptionReserve 2022-04-01 07337409 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07337409 d:RetainedEarningsAccumulatedLosses 2024-03-31 07337409 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07337409 d:RetainedEarningsAccumulatedLosses 2023-03-31 07337409 d:RetainedEarningsAccumulatedLosses 2022-04-01 07337409 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07337409 c:OrdinaryShareClass1 2024-03-31 07337409 c:OrdinaryShareClass1 2023-03-31 07337409 c:FRS102 2023-04-01 2024-03-31 07337409 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07337409 c:FullAccounts 2023-04-01 2024-03-31 07337409 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07337409 2 2023-04-01 2024-03-31 07337409 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07337409









ORGANISATION EFFECTIVENESS CAMBRIDGE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
REGISTERED NUMBER: 07337409

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
37,932
41,758

Cash at bank and in hand
  
35,416
33,609

  
73,348
75,367

Creditors: amounts falling due within one year
 5 
(3,780)
(3,600)

Net current assets
  
 
 
69,568
 
 
71,767

Total assets less current liabilities
  
69,568
71,767

  

Net assets
  
69,568
71,767


Capital and reserves
  

Called up share capital 
 6 
2,377
2,377

Share premium account
  
30,937
30,937

Capital redemption reserve
  
15,864
15,864

Profit and loss account
  
20,390
22,589

  
69,568
71,767


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
REGISTERED NUMBER: 07337409
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J M Goodridge
Director
Date: 1 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 April 2022
2,377
30,937
15,864
24,775
73,953



Loss for the year
-
-
-
(997)
(997)

Dividends: Equity capital
-
-
-
(1,189)
(1,189)



At 1 April 2023
2,377
30,937
15,864
22,589
71,767



Loss for the year
-
-
-
(1,248)
(1,248)

Dividends: Equity capital
-
-
-
(951)
(951)


At 31 March 2024
2,377
30,937
15,864
20,390
69,568


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Organisation Effectiveness Cambridge Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 3 Wellington Court, Cambridge, Cambridgeshire, CB1 1HZ.
The Company's principal activity is that of a corporate member of OE Cam LLP.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

  
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 4

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 5

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The Company has no employees other than directors. The average monthly number of directors, during the year was 3 (2023 - 3).

Page 6

 
ORGANISATION EFFECTIVENESS CAMBRIDGE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Amounts owed by related undertakings
37,932
41,758



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
3,780
3,600



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,377 (2023 - 2,377) Ordinary shares of £1.00 each
2,377
2,377



7.


Related party transactions

The Company has been allocated £109 (2023 - £4,681) of profits by OE Cam LLP and earned £966 (2023 - £220) of interest from this LLP. The total amount due from the LLP at the year end was £37,932 (2023 - £41,758).
During the year, a dividend of £710 (2023 - £888) was paid to P J Wilson, a director of the Company.


8.


Controlling party

P J Wilson is the ultimate controlling party.

 
Page 7