REGISTERED NUMBER: |
Oneragtime Exactcure Limited |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
REGISTERED NUMBER: |
Oneragtime Exactcure Limited |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
Oneragtime Exactcure Limited (Registered number: 11799547) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Chartered Accountants' Report | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Oneragtime Exactcure Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oneragtime Exactcure Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Oneragtime Exactcure Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oneragtime Exactcure Limited and state those matters that we have agreed to state to the director of Oneragtime Exactcure Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oneragtime Exactcure Limited and its director for our work or for this report. |
It is your duty to ensure that Oneragtime Exactcure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oneragtime Exactcure Limited. You consider that Oneragtime Exactcure Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Oneragtime Exactcure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
2nd Floor, Heathmans House |
19 Heathmans Road |
London |
SW6 4TJ |
Oneragtime Exactcure Limited (Registered number: 11799547) |
Balance Sheet |
31 January 2024 |
31.1.24 | 31.1.23 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 | 1,699 | 1,699 |
Share premium | 8 | 698,301 | 698,301 |
Retained earnings | 8 | - | (209,968 | ) |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
Oneragtime Exactcure Limited (Registered number: 11799547) |
Balance Sheet - continued |
31 January 2024 |
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 |
Oneragtime Exactcure Limited (Registered number: 11799547) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Oneragtime Exactcure Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11799547 and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, United Kingdom, SW6 4TJ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The |
Financial Reporting Standard applicable in the UK and the Republic of Ireland'. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements. |
Turnover |
Turnover is recognised as management fees equal to the professional fees incurred during the year under review. |
Foreign currencies |
The functional currency is Euros (EUR) and as such the accounts have been prepared in EUR. |
Investments |
Where possible, equity investments are valued in accordance with IPEVC (International Private Equity & Venture Capital) valuation guidelines, otherwise they are valued at cost less impairments. |
As the investments are not listed, the valuation is based on the last issued share price and where investments are revalued upwards, the value does not reflect any performance fee due. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Oneragtime Exactcure Limited (Registered number: 11799547) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
€ |
COST OR VALUATION |
At 1 February 2023 |
Revaluations |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
Cost or valuation at 31 January 2024 is represented by: |
Other |
investments |
€ |
Valuation in 2023 | (209,968 | ) |
Valuation in 2024 | 209,968 |
Cost | 699,892 |
699,892 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
€ | € |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
€ | € |
Other creditors |
Oneragtime Exactcure Limited (Registered number: 11799547) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.24 | 31.1.23 |
value: | € | € |
Ordinary | €0.10 | 699 | 699 |
Ordinary A | €1.00 | 1,000 | 1,000 |
1,699 | 1,699 |
8. | RESERVES |
Retained | Share |
earnings | premium | Totals |
€ | € | € |
At 1 February 2023 | (209,968 | ) | 698,301 | 488,333 |
Profit for the year | 209,968 | 209,968 |
At 31 January 2024 | 698,301 |
9. | ULTIMATE CONTROLLING PARTY |
The immediate and ultimate parent undertaking of the company is OneRagtime Venture Cloud a company incorporated in France with registered number SIREN 831125364 and trading address 60 Rue de Londres, Paris, 75008, France. |
The ultimate controlling party is Mrs S C Hospital. |