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REGISTERED NUMBER: 06372078 (England and Wales)












Financial Statements for the Year Ended 31 December 2023

for

Ocasa (UK) Limited

Ocasa (UK) Limited (Registered number: 06372078)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ocasa (UK) Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: H Avruj
A E Onofrio





REGISTERED OFFICE: 1st Floor, Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 06372078 (England and Wales)





AUDITORS: Grant Harrod Lerman Davis LLP
Chartered Accountants
Statutory Auditors
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Ocasa (UK) Limited (Registered number: 06372078)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 362,984 435,460
Cash at bank 4,918 3,848
367,902 439,308
CREDITORS
Amounts falling due within one year 5 (1,775,377 ) (1,883,535 )
NET CURRENT LIABILITIES (1,407,475 ) (1,444,227 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,407,475

)

(1,444,227

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,407,575 ) (1,444,327 )
SHAREHOLDERS' FUNDS (1,407,475 ) (1,444,227 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





A E Onofrio - Director


Ocasa (UK) Limited (Registered number: 06372078)

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

1. STATUTORY INFORMATION

Ocasa (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared using the going concern basis, which assumes that the Group will continue to trade for a period of at least 12 months from the balance sheet approval date. The directors have assessed the use of the going concern basis and consider its use appropriate.

The ultimate parent company of the Company continues to provide financial assistance to ensure that the Company can meet its liabilities as they arise.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
The Company's functional and presentation currency is the pound sterling. Monetary assets and liabilities expressed in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currency are translated at the rate ruling at the date of the transaction. All differences on exchange are taken to the profit and loss account.

Ocasa (UK) Limited (Registered number: 06372078)

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

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the company's financial position and the availability of financial resources, including the support provided by the parent company.

The parent company has issued a comfort letter, confirming that it will provide financial support to the company for at least the next 12 months from the date of approval of these financial statements. This support will ensure that the company can meet its liabilities as they fall due.

Based on this assurance, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 358,544 433,120
Other debtors 4,440 2,340
362,984 435,460

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 576 -
Amounts owed to group undertakings 1,767,801 1,868,375
Other creditors 7,000 15,160
1,775,377 1,883,535

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Grant (Senior Statutory Auditor)
for and on behalf of Grant Harrod Lerman Davis LLP

7. RELATED PARTY DISCLOSURES

The Company has disclosed related party transactions in line with FRS 102, there being certain exemptions for small entities.

8. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Escol Partners, a partnership registered in Scotland and the ultimate controlling party is Mr. Hector Fernando Colella Moix.