Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true22023-04-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14059368 2023-04-01 2024-03-31 14059368 2022-04-21 2023-03-31 14059368 2024-03-31 14059368 2023-03-31 14059368 c:Director1 2023-04-01 2024-03-31 14059368 d:CurrentFinancialInstruments 2024-03-31 14059368 d:CurrentFinancialInstruments 2023-03-31 14059368 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14059368 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14059368 d:ShareCapital 2024-03-31 14059368 d:ShareCapital 2023-03-31 14059368 d:RetainedEarningsAccumulatedLosses 2024-03-31 14059368 d:RetainedEarningsAccumulatedLosses 2023-03-31 14059368 c:FRS102 2023-04-01 2024-03-31 14059368 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14059368 c:FullAccounts 2023-04-01 2024-03-31 14059368 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14059368 6 2023-04-01 2024-03-31 14059368 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14059368









OTIS GRACE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OTIS GRACE LIMITED
REGISTERED NUMBER: 14059368

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
54,875
50,000

  
54,875
50,000

Current assets
  

Debtors: amounts falling due within one year
 5 
15,513
100

Cash at bank and in hand
 6 
3,525
45,507

  
19,038
45,607

Creditors: amounts falling due within one year
 7 
(1,583)
(22,043)

Net current assets
  
 
 
17,455
 
 
23,564

Total assets less current liabilities
  
72,330
73,564

  

Net assets
  
72,330
73,564


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
72,230
73,464

  
72,330
73,564


Page 1

 
OTIS GRACE LIMITED
REGISTERED NUMBER: 14059368
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 by: 




O Shipton
Director

Date: 24 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
OTIS GRACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Otis Grace Limited is a private company, limited by shares and registered in England and Wales (registered number: 14059368). The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 
The financial statements are presented in Sterling, which is the function currency of the Company. 

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

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.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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.

Page 3

 
OTIS GRACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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.

 
2.5

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.

 
2.6

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.

 
2.7

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 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
50,000


Additions
4,875



At 31 March 2024
54,875





5.


Debtors

2024
2023
Page 4

 
OTIS GRACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.Debtors (continued)

£
£


Other debtors
15,513
100

15,513
100



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,525
45,507

3,525
45,507



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
17,232

Other taxation and social security
-
3,111

Other creditors
383
500

Accruals and deferred income
1,200
1,200

1,583
22,043


 
Page 5