Company registration number:
13806222
Oratory Square Limited
Unaudited filleted financial statements
31 December 2023
Oratory Square Limited
Contents
Statement of financial position
Notes to the financial statements
Oratory Square Limited
Statement of financial position
31 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Cash at bank and in hand |
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137,910 |
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- |
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_______ |
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_______ |
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137,910 |
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- |
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Creditors: amounts falling due |
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within one year |
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4 |
(
422,113) |
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(
61,816) |
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_______ |
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_______ |
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Net current liabilities |
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(
284,203) |
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(
61,816) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
284,203) |
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(
61,816) |
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_______ |
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_______ |
Net liabilities |
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(
284,203) |
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(
61,816) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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5 |
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100 |
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|
100 |
Profit and loss account |
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(
284,303) |
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(
61,916) |
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_______ |
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_______ |
Shareholders deficit |
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(
284,203) |
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(
61,816) |
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_______ |
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_______ |
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 February 2024
, and are signed on behalf of the board by:
Very Reverend Ignatius Harrison
Director
Company registration number:
13806222
Oratory Square Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oratory House, 141 Hagley Road, Birmingham, B16 8UE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loan and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.
4.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Other loans |
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420,000 |
- |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,113 |
58,803 |
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Other creditors |
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- |
3,013 |
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_______ |
_______ |
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422,113 |
61,816 |
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_______ |
_______ |
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5.
Called up share capital
Issued, called up and fully paid
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2023 |
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2022 |
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No |
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£ |
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No |
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£ |
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Ordinary shares of £
1.00 each |
|
100 |
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100 |
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100 |
|
100 |
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_______ |
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_______ |
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_______ |
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_______ |
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