Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08170063 2023-01-01 2023-12-31 08170063 2022-01-01 2022-12-31 08170063 2023-12-31 08170063 2022-12-31 08170063 2022-01-01 08170063 c:Director1 2023-01-01 2023-12-31 08170063 c:Director2 2023-01-01 2023-12-31 08170063 c:RegisteredOffice 2023-01-01 2023-12-31 08170063 d:CurrentFinancialInstruments 2023-12-31 08170063 d:CurrentFinancialInstruments 2022-12-31 08170063 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08170063 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08170063 d:ShareCapital 2023-12-31 08170063 d:ShareCapital 2022-12-31 08170063 d:ShareCapital 2022-01-01 08170063 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08170063 d:RetainedEarningsAccumulatedLosses 2023-12-31 08170063 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 08170063 d:RetainedEarningsAccumulatedLosses 2022-12-31 08170063 d:RetainedEarningsAccumulatedLosses 2022-01-01 08170063 c:FRS102 2023-01-01 2023-12-31 08170063 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08170063 c:FullAccounts 2023-01-01 2023-12-31 08170063 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08170063 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


Registered number: 08170063












OUI MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 

OUI MANAGEMENT LIMITED

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 10


 

OUI MANAGEMENT LIMITED
 
COMPANY INFORMATION


Directors
S P Dellar 
M Malhotra 




Registered number
08170063



Registered office
12 Helmet Row

London

EC1V 3QJ




Accountants
Blick Rothenberg Limited
Chartered Accountants

16 Great Queen Street

Covent Garden

London

WC2B 5AH




Page 1


 
REGISTERED NUMBER:08170063
OUI MANAGEMENT LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note

  

Current assets
  

Debtors: amounts falling due within one year
 4 
545,484
379,421

Cash at bank and in hand
  
856,139
724,650

  
1,401,623
1,104,071

Creditors: amounts falling due within one year
 5 
(1,229,937)
(1,050,278)

Net current assets
  
 
 
171,686
 
 
53,793

Total assets less current liabilities
  
171,686
53,793

  

Net assets
  
171,686
53,793


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
171,683
53,790

Total equity
  
171,686
53,793


Page 2


 
REGISTERED NUMBER:08170063
OUI MANAGEMENT LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 profit and loss account 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: 




S P Dellar
Director

Date: 24 September 2024

The notes on pages 5 to 10 form part of these financial statements.

Page 3

 

OUI MANAGEMENT LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity



At 1 January 2022
3
633,990
633,993


Comprehensive income for the year

Profit for the financial year
-
331,800
331,800

Dividends: Equity capital
-
(912,000)
(912,000)



At 31 December 2021 and 1 January 2022
3
53,790
53,793


Comprehensive income for the year

Profit for the financial year
-
117,893
117,893


At 31 December 2023
3
171,683
171,686


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 

OUI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Oui Management Limited is a private company limited by shares incorporated in England and Wales. Its registered office is 12 Helmet Row, London, EC1V 3QJ.
The financial statements are presented in Euros (€), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006

The following principal accounting policies have been applied:

  
2.2

Going concern

After making enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing financial statements. 

 
2.3

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 and value added tax. 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.

 
2.4

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.5

Share capital

Ordinary shares are classified as equity.

Page 5

 

OUI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Interest income

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


2.7

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 
 
The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

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

Page 6

 

OUI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)





Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 7

 

OUI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.8

Foreign currency translation

Functional and presentation currency
The company's functional and presentational currency is Euros (€).
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rate at the dates of the transactions.
At each period and foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are measured at historical cost are translated using the exchanged rate at the date of the transactions and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. 
Foreign exchange gains and losses resulting from the settlement transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. 
Foreign exchange gains and losses are presented in profit or loss within cost of sales. 

  
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

Current and deferred taxation

Tax is recognised in the profit and loss account. 
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 8

 

OUI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

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


4.


Debtors

2023
2022


Trade debtors
484,440
332,573

Other debtors
30,985
16,793

Prepayments and accrued income
30,059
30,055

545,484
379,421



5.


Creditors: Amounts falling due within one year

2023
2022

Trade creditors
973,294
885,640

Amounts owed to group undertakings
-
1,218

Corporation tax
35,960
9,850

Other taxation and social security
436
-

Other creditors
15,071
10,872

Accruals and deferred income
205,176
142,698

1,229,937
1,050,278



6.


Share capital

2023
2022

Allotted, called and fully paid


2 (2021 - 2) Ordinary shares shares of £1.00 each
3
3


7.


Related party transactions

Included within other debtors is an amount of €10,000 (2022: €nil) due from the director. The loan is unsecured and repaid in full post year end. 

Page 9

 

OUI MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Controlling party

The smallest group for which consolidated financial statements are drawn up is headed by Modus Consulting SARL, whose registered office is 19 Rue d'Epernay, L-1490 Luxembourg.
The ultimate controlling party of the company is  S P Dellar

 
Page 10