0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04041762 2023-04-01 2024-03-31 04041762 2024-03-31 04041762 2023-03-31 04041762 2022-04-01 2023-03-31 04041762 2023-03-31 04041762 2022-03-31 04041762 bus:Director1 2023-04-01 2024-03-31 04041762 bus:Director2 2023-04-01 2024-03-31 04041762 core:WithinOneYear 2024-03-31 04041762 core:WithinOneYear 2023-03-31 04041762 core:AfterOneYear 2024-03-31 04041762 core:AfterOneYear 2023-03-31 04041762 core:ShareCapital 2024-03-31 04041762 core:ShareCapital 2023-03-31 04041762 core:RetainedEarningsAccumulatedLosses 2024-03-31 04041762 core:RetainedEarningsAccumulatedLosses 2023-03-31 04041762 bus:Director1 2023-03-31 04041762 bus:Director1 2024-03-31 04041762 bus:Director2 2023-03-31 04041762 bus:Director2 2024-03-31 04041762 bus:Director1 2023-03-31 04041762 bus:Director2 2022-03-31 04041762 bus:Director2 2023-03-31 04041762 bus:Director1 2022-04-01 2023-03-31 04041762 bus:SmallEntities 2023-04-01 2024-03-31 04041762 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04041762 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04041762 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04041762 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 04041762
Octavia Estates (Projects) Limited
Filleted Unaudited Financial Statements
31 March 2024
Octavia Estates (Projects) Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
23,000
7,500
Cash at bank and in hand
1,582
214,916
--------
---------
24,582
222,416
Creditors: amounts falling due within one year
5
725,374
863,838
---------
---------
Net current liabilities
700,792
641,422
---------
---------
Total assets less current liabilities
( 700,792)
( 641,422)
Creditors: amounts falling due after more than one year
6
28,259
33,975
---------
---------
Net liabilities
( 729,051)
( 675,397)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 729,053)
( 675,399)
---------
---------
Shareholders deficit
( 729,051)
( 675,397)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Octavia Estates (Projects) Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr C D Lockhart
Director
Company registration number: 04041762
Octavia Estates (Projects) Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 - 8 Dyer Street, Cirencester, Gloucestershire, GL7 2PF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
23,000
7,500
--------
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,000
5,840
Amounts owed to group undertakings and undertakings in which the company has a participating interest
392,021
597,197
Social security and other taxes
236,778
162,226
Other creditors
90,575
98,575
---------
---------
725,374
863,838
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
28,259
33,975
--------
--------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr C D Lockhart
( 10,000)
8,000
( 2,000)
Mr N Desmond
( 87,000)
( 87,000)
--------
-------
----
--------
( 97,000)
8,000
( 89,000)
--------
-------
----
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr C D Lockhart
( 10,000)
( 10,000)
Mr N Desmond
( 87,000)
( 87,000)
--------
----
--------
--------
( 87,000)
( 10,000)
( 97,000)
--------
----
--------
--------