Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-313trueNo description of principal activity3false2023-02-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13916201 2023-02-01 2024-01-31 13916201 2022-02-15 2023-01-31 13916201 2024-01-31 13916201 2023-01-31 13916201 c:Director1 2023-02-01 2024-01-31 13916201 d:CurrentFinancialInstruments 2024-01-31 13916201 d:CurrentFinancialInstruments 2023-01-31 13916201 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13916201 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13916201 d:ShareCapital 2024-01-31 13916201 d:ShareCapital 2023-01-31 13916201 d:RetainedEarningsAccumulatedLosses 2024-01-31 13916201 d:RetainedEarningsAccumulatedLosses 2023-01-31 13916201 c:FRS102 2023-02-01 2024-01-31 13916201 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13916201 c:FullAccounts 2023-02-01 2024-01-31 13916201 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13916201 6 2023-02-01 2024-01-31 13916201 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13916201









OMADA INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
OMADA INVESTMENTS LIMITED
REGISTERED NUMBER: 13916201

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1,005,000
1,005,000

  
1,005,000
1,005,000

Current assets
  

Debtors: amounts falling due within one year
 5 
195,000
30,000

Cash at bank and in hand
 6 
1,632
128

  
196,632
30,128

Creditors: amounts falling due within one year
 7 
(841,552)
(867,166)

Net current liabilities
  
 
 
(644,920)
 
 
(837,038)

Total assets less current liabilities
  
360,080
167,962

  

Net assets
  
360,080
167,962


Capital and reserves
  

Called up share capital 
  
102
102

Profit and loss account
  
359,978
167,860

  
360,080
167,962


Page 1

 
OMADA INVESTMENTS LIMITED
REGISTERED NUMBER: 13916201
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider 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 directors acknowledge their 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 on 12 September 2024.




S C Byles
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OMADA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Omada Investments Limited is a private company, limited by shares, and incorporated in England and Wales with a registration number 13916201. The registered office is Haslers Hawke House, Old Station Road, Loughton, Essex, IG10 4PL. 

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less 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.

 
2.6

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.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 3

 
OMADA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

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.

Page 4

 
OMADA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2023
1,005,000



At 31 January 2024
1,005,000





5.


Debtors

2024
2023
£
£


Other debtors
195,000
30,000

195,000
30,000



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,632
128

1,632
128


Page 5

 
OMADA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
838,980
838,980

Other creditors
268
25,966

Accruals and deferred income
2,304
2,220

841,552
867,166



8.


Related party transactions

During the year, no dividends (2023: £25,800) were paid to key management personnel. At the year end the following amounts were due to/(from) the entity:


2024
2023
£
£

Key management personnel
(268)
(25,966)
Other related parties
(643,980)
(808,980)

 
Page 6