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Company Registration No. 09875030 (England and Wales)
Oriel Law Limited Unaudited accounts for the year ended 30 November 2023
Oriel Law Limited Unaudited accounts Contents
Page
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Oriel Law Limited Company Information for the year ended 30 November 2023
Director
Ashok Ghosh
Company Number
09875030 (England and Wales)
Registered Office
167-169 GREAT PORTLAND STREET 5TH FLOOR LONDON W1W 5PF ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Oriel Law Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
282 
563 
Investments
277,904 
200,786 
278,186 
201,349 
Current assets
Debtors
29,153 
79,211 
Cash at bank and in hand
64,731 
66,481 
93,884 
145,692 
Creditors: amounts falling due within one year
(9,046)
(17,493)
Net current assets
84,838 
128,199 
Total assets less current liabilities
363,024 
329,548 
Provisions for liabilities
Deferred tax
(1,596)
(107)
Net assets
361,428 
329,441 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
8,118 
- 
Profit and loss account
353,309 
329,440 
Shareholders' funds
361,428 
329,441 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2024 and were signed on its behalf by
Ashok Ghosh Director Company Registration No. 09875030
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Oriel Law Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Oriel Law Limited is a private company, limited by shares, registered in England and Wales, registration number 09875030. The registered office is 167-169 GREAT PORTLAND STREET, 5TH FLOOR, LONDON, W1W 5PF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Oriel Law Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
3,030 
At 30 November 2023
3,030 
Depreciation
At 1 December 2022
2,467 
Charge for the year
281 
At 30 November 2023
2,748 
Net book value
At 30 November 2023
282 
At 30 November 2022
563 
5
Investments
Other investments 
£ 
Valuation at 1 December 2022
200,786 
Additions
69,000 
Fair value adjustments
8,118 
Valuation at 30 November 2023
277,904 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
29,153 
79,211 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,697 
17,086 
Accruals
349 
407 
9,046 
17,493 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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