REGISTERED NUMBER: |
Oneragtime Glose Limited |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
Oneragtime Glose Limited |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
Oneragtime Glose Limited (Registered number: 11206715) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
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 Glose 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 Glose Limited for the year ended 31 December 2023 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 Glose Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oneragtime Glose Limited and state those matters that we have agreed to state to the director of Oneragtime Glose 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 Glose Limited and its director for our work or for this report. |
It is your duty to ensure that Oneragtime Glose 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 loss of Oneragtime Glose Limited. You consider that Oneragtime Glose 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 Glose 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 Glose Limited (Registered number: 11206715) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 | 1,001 | 1,001 |
Capital redemption reserve | 8 | 698 | 698 |
Retained earnings | 8 | 196,726 | 631,338 |
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 Glose Limited (Registered number: 11206715) |
Balance Sheet - continued |
31 December 2023 |
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 Glose Limited (Registered number: 11206715) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
OneRagtime Glose Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 11206715 and its registered address is Heathmans House, 19 Heathmans Road, London, SW6 4TJ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. |
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 stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year. |
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. |
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. |
Oneragtime Glose Limited (Registered number: 11206715) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The going concern status of OneRagtime Glose Ltd is entirely dependent on the financial performance of the company in which it has placed its investment, shown in note four of these financial statements. Having reviewed budgets and cashflow forecasts of the investee company, the director remains confident that the going concern status of the investee company remains appropriate so the director therefore considers the going concern basis of preparation for Oneragtime Glose Ltd to be appropriate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
€ |
COST |
At 1 January 2023 |
Impairments | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
€ | € |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
€ | € |
Taxation and social security |
Other creditors |
Oneragtime Glose Limited (Registered number: 11206715) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | € | € |
Ordinary A | €1.00 | 1,000 | 1,000 |
Ordinary | €0.00 | 1 | 1 | 1 |
1,001 | 1,001 |
8. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
€ | € | € |
At 1 January 2023 | 631,338 | 698 | 632,036 |
Deficit for the year | (185,102 | ) | (185,102 | ) |
Dividends | (249,510 | ) | (249,510 | ) |
At 31 December 2023 | 196,726 | 698 | 197,424 |
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. |