OTTICA LIMITED |
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Statement of financial position as at 31 December 2023 |
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31.12.2023 |
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31.12.2022 |
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Notes |
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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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100 |
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236 |
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100 |
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236 |
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Creditors: amounts falling due |
within one year |
5 |
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(99) |
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(235) |
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Net current liabilities |
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(99) |
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1 |
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Total net assets |
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£ 1 |
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£ 1 |
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Capital and deficit |
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31.12.2023 |
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31.12.2022 |
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£ |
£ |
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£ |
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Share capital |
6 |
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1 |
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1 |
Profit and loss account |
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0 |
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0 |
Capital and deficit |
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£ 1 |
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£ 1 |
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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. |
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The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. |
The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities. |
The notes on pages 2 to 4 form an integral part of these financial statements. |
The financial statements on pages 1 to 4 were approved by the Board of Directors and were signed on its behalf by: |
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Eldad Rothman |
Director |
21 August 2024 |
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OTTICA LIMITED |
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Notes to the financial statements - 31 December 2023 |
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COMPANY INFORMATION |
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1. |
Company Information |
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Ottica Limited is a private limited company incorporated and domiciled in the UK. The address of its registered office is 5.2 CentralHouse, 1 Ballards Lane, N3 1LQ. |
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The company is a wholly owned subsidiary of Optimax Investments Ltd, a company registered in Israel, whose addressis: Habarzel 34, Tel Aviv, Israel, 69710. |
2. |
Statement of Compliance |
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The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
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3. |
Accounting Policies |
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Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention. |
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The financial statements are presented in Pound Sterling (£). |
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The principal 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. |
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Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial assets |
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Basic financial assets including other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period. |
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(ii) Financial liabilities |
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Basic financial liabilities including other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
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