Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse11truetruefalse 11238678 2023-04-01 2024-03-31 11238678 2022-04-01 2023-03-31 11238678 2024-03-31 11238678 2023-03-31 11238678 c:Director1 2023-04-01 2024-03-31 11238678 d:CurrentFinancialInstruments 2024-03-31 11238678 d:CurrentFinancialInstruments 2023-03-31 11238678 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11238678 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11238678 d:ShareCapital 2024-03-31 11238678 d:ShareCapital 2023-03-31 11238678 d:RetainedEarningsAccumulatedLosses 2024-03-31 11238678 d:RetainedEarningsAccumulatedLosses 2023-03-31 11238678 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11238678 c:OrdinaryShareClass1 2024-03-31 11238678 c:OrdinaryShareClass1 2023-03-31 11238678 c:FRS102 2023-04-01 2024-03-31 11238678 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11238678 c:FullAccounts 2023-04-01 2024-03-31 11238678 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11238678 2 2023-04-01 2024-03-31 11238678 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11238678









OUTDUSTRY MASTERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OUTDUSTRY MASTERS LIMITED
REGISTERED NUMBER: 11238678

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
10,383
2,868

Cash at bank and in hand
 5 
18,857
18,230

  
29,240
21,098

Creditors: amounts falling due within one year
 6 
(71,242)
(53,505)

Net current liabilities
  
 
 
(42,002)
 
 
(32,407)

Total assets less current liabilities
  
(42,002)
(32,407)

  

Net liabilities
  
(42,002)
(32,407)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(42,003)
(32,408)

  
(42,002)
(32,407)


Page 1

 
OUTDUSTRY MASTERS LIMITED
REGISTERED NUMBER: 11238678
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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: 




E H H Peto
Director

Date: 17 September 2024

Page 2

 
OUTDUSTRY MASTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Outdustry Masters Limited is a limited liability company incorporated in England and Wales, registration number 11238678. The registered office is 101 New Cavendish Street, 1st floor South, London, W1W 6XH. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated
current and forecasted operational results, as well as funding arrangements and the solvency of the
company. The company is reliant on support from its group undertakings. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
OUTDUSTRY MASTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
OUTDUSTRY MASTERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
111
22

Amounts owed by group undertakings
9,285
-

Other debtors
-
2,846

Prepayments and accrued income
987
-

10,383
2,868



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,857
18,230

18,857
18,230



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,721
-

Amounts owed to group undertakings
32,439
32,997

Other taxation and social security
1,920
227

Other creditors
1,738
-

Accruals and deferred income
31,424
20,281

71,242
53,505



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary Share share of £1.00
1
1


 
Page 5