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Registered number: 04923164










Osirian Group Limited








Unaudited

Financial statements

for the year ended 31 December 2023

 
Osirian Group Limited
 

Contents



Page
Accountants' Report
 
1
Balance Sheet
 
2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 7


 
Osirian Group Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Osirian Group Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Osirian Group Limited for the year ended 31 December 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity 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 at https://www.icaew.com /regulation.

This report is made solely to the director of Osirian Group Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Osirian Group Limited and state those matters that we have agreed to state to the director of Osirian Group Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Osirian Group Limited and its director for our work or for this report. 

It is your duty to ensure that Osirian Group 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 Osirian Group Limited. You consider that Osirian Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Osirian Group 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.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
8 August 2024
Page 1

 
Osirian Group Limited
Registered number: 04923164

Balance Sheet
as at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Fixed asset investments
 4 
1,100
1,100

  
1,100
1,100

Current assets
  

Debtors: amounts falling due within one year
 5 
44,718
63,321

Cash at bank and in hand
  
32
716

  
44,750
64,037

Creditors: amounts falling due within one year
 6 
(4,383)
(5,600)

Net current assets
  
 
 
40,367
 
 
58,437

  

Net assets
  
41,467
59,537


Capital and reserves
  

Called up share capital 
 7 
991
991

Capital redemption reserve
 8 
109
109

Profit and loss account
 8 
40,367
58,437

  
41,467
59,537


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C J Lapthorn
Director
Date: 7 August 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
Osirian Group Limited
 

Statement of Changes in Equity
for the year ended 31 December 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
991
109
58,437
59,537


Comprehensive income for the year

Profit for the year
-
-
106,930
106,930
Total comprehensive income for the year
-
-
106,930
106,930

Interim Dividends: Equity capital
-
-
(125,000)
(125,000)


At 31 December 2023
991
109
40,367
41,467


The notes on pages 4 to 7 form part of these financial statements.


Statement of Changes in Equity
for the year ended 31 December 2022


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2022
991
109
28,109
29,209


Comprehensive income for the year

Profit for the year
-
-
105,328
105,328
Total comprehensive income for the year
-
-
105,328
105,328

Interim Dividends: Equity capital
-
-
(75,000)
(75,000)


At 31 December 2022
991
109
58,437
59,537


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Osirian Group Limited
 

 
Notes to the Financial Statements
for the year ended 31 December 2023

1.


General information

Osirian Group Limited (the company) is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 25 Underhill, Moulsford, Wallingford, South Oxon, OX10 9JH.
The principle activity of the company in the year under review was that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
Osirian Group Limited
 

 
Notes to the Financial Statements
for the year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

2023
2022
£
£

Social security costs
182
166

182
166


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
Osirian Group Limited
 

 
Notes to the Financial Statements
for the year ended 31 December 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,100



At 31 December 2023
1,100





5.


Debtors

2023
2022
£
£


Trade debtors
-
153

Amounts owed by group undertakings
4,968
23,418

Other debtors
39,750
39,750

44,718
63,321



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
281
270

Corporation tax
1,625
1,250

Other taxation and social security
2,000
1,695

Accruals and deferred income
477
2,385

4,383
5,600


Page 6

 
Osirian Group Limited
 

 
Notes to the Financial Statements
for the year ended 31 December 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



750 (2022: 750) A Ordinary Shares of £1.00 each
750
750
241 (2022: 241) B Ordinary Shares of £1.00 each
241
241

991

991



8.


Reserves

Capital redemption reserve

The capital redemption reserve is created on the buy-back of shares when fresh shares are not issued. 

Profit and loss account

The profit and loss account comprises all current and prior period retained profits and losses.
Share capital
This represents the nominal value of shares that have been issued by the company.


9.


Related party transactions

During the year the company was loaned £128,450 (2022: £68,000) by Osirian Consulting Limited, its subsidiary undertaking. Over the same period, Osirian Consulting Limited was invoiced £12,000 (2022: £12,000) on commercial terms. 
During the year Osirian Consulting Limited paid an interim dividend of £100,000 (2022: £100,000) to Osirian Group Limited. 
The balance owed to Osirian Consulting Limited at the year end was £4,968 (2022: £23,418) and is included within 'Debtors: amounts owed by group undertakings'. Interest of £1,558 (2022: £719) has been accrued in relation to the loan.  
As at the year end the company was owed £30,000 from C J Lapthorn (2022: £30,000).


10.


Controlling party

The company is under the control of C J Lapthorn.


Page 7