REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
OCELDA LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
OCELDA LIMITED |
OCELDA LIMITED (REGISTERED NUMBER: 04356070) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
OCELDA LIMITED |
COMPANY INFORMATION |
for the year ended 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
39 Berwyn Road |
Richmond |
Surrey |
TW10 5BU |
OCELDA LIMITED (REGISTERED NUMBER: 04356070) |
STATEMENT OF FINANCIAL POSITION |
31 December 2023 |
2023 | 2022 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Capital redemption reserve |
Exchange difference reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
OCELDA LIMITED (REGISTERED NUMBER: 04356070) |
STATEMENT OF FINANCIAL POSITION - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
OCELDA LIMITED (REGISTERED NUMBER: 04356070) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
1. | Statutory information |
Ocelda Limited is a |
The presentation currency of the financial statements is the Euro (€). |
2. | Accounting policies |
Basis of preparing the financial statements |
Significant judgements |
In applying the company's accounting policies the director is required to make judgements in determining the carrying amounts of assets and liabilities. |
The critical judgements made by the director are discussed below: |
Assessing indicators of impairment - the director has considered all available evidence to assess whether there are any indicators of impairment in respect of the unlisted investments. |
Assessing the functional currency - the director has considered the primary economic environment in which the company operates, the currency which mainly influences transactions and the currency which most faithfully represents the economic effects of the underlying transactions. |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds only basic financial instruments which comprise investments, cash and cash equivalents, loans and other debtors and other creditors. |
Investments - these include equity investments which are initially recognised at the transaction price. Subsequently, investments that are publicly traded, or whose fair value can be measured reliably, are measured at fair value with changes in fair value recognised in profit or loss. All other investments are measured at cost less impairment. At each reporting date the company reviews the carrying value of its investments on an individual basis to determine whether there is any indication of impairment. If any such indication exists the difference between the individual investment's carrying amount and the best estimate of the amount that the company would receive if the investment were to be sold at the reporting date is recognised immediately in profit or loss. |
Cash and cash equivalents - these include deposits held with banks. |
Loans and other debtors - these are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment. |
Other creditors - these are initially measured at the transaction price and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable. |
OCELDA LIMITED (REGISTERED NUMBER: 04356070) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement,. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date. |
Foreign currencies |
The reporting currency for these financial statements is Euros as this is the currency in which the majority of the transactions are undertaken. |
Monetary assets and liabilities in foreign currencies are converted into Euros at the rates of exchange ruling at the balance sheet date. Trading transactions are translated into Euros at rates ruling during the year. Exchange differences are taken into account in arriving at the operating result. |
Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Fixed asset investments |
Unlisted |
investments |
€ |
Cost |
At 1 January 2023 |
Additions | ( |
) |
At 31 December 2023 |
Provisions |
At 1 January 2023 | 32,465 |
Provision written back | (32,465 | ) |
At 31 December 2023 | - |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
OCELDA LIMITED (REGISTERED NUMBER: 04356070) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
5. | Debtors |
2023 | 2022 |
€ | € |
Amounts falling due within one year: |
Amounts owed by group undertakings |
VAT |
Amounts falling due after more than one year: |
Loan | 356,753 | 353,109 |
Aggregate amounts |
The amounts owed by group undertakings include accrued interest, are unsecured, repayable upon 3 months' notice and bear interest at 2.00 % (2022 - 2.00%). |
The long-term loan includes accrued interest, is unsecured and bears interest at 1.00% (2022 - 2.21%). Capital and accumulated interest is repayable on 5 December 2028. |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
€ | € |
Corporation tax |
Other creditors |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | € | € |
Ordinary | $0.01 | 1 | 1 |
8. | Related party disclosures |
At the year end €33,019 (2022 - €33,019) was owed to the director, Philippe Collombel. No interest is payable on this amount. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
OCELDA LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ocelda Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Ocelda Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ocelda Limited and state those matters that we have agreed to state to the director of Ocelda Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ocelda Limited and its director for our work or for this report. |
It is your duty to ensure that Ocelda Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ocelda Limited. You consider that Ocelda Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Ocelda Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
39 Berwyn Road |
Richmond |
Surrey |
TW10 5BU |