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REGISTERED NUMBER: 06777383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

OGIVE INTELLECTUAL PROPERTY LIMITED

OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OGIVE INTELLECTUAL PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Dr D J Bates





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 06777383 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,937 -
Tangible assets 5 34,041 37,318
42,978 37,318

CURRENT ASSETS
Debtors 6 23,304 21,879
Cash at bank 76,757 77,672
100,061 99,551
CREDITORS
Amounts falling due within one year 7 9,090 7,531
NET CURRENT ASSETS 90,971 92,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,949

129,338

PROVISIONS FOR LIABILITIES 6,468 5,936
NET ASSETS 127,481 123,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,381 123,302
SHAREHOLDERS' FUNDS 127,481 123,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 July 2024 and were signed by:





Dr D J Bates - Director


OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Ogive Intellectual Property Limited is a private company limited by shares and incorporated and domiciled in England. It has its principal place of business at 34 Westgate, North Cave, Brough, HU15 2NJ and its registered office at Beckside Court, Annie Reed Road, Beverley, East Yorkshire, HU17 0LF.

The principal activity of the company is to provide services related to the protection of Intellectual Property.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance


OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 9,000
At 30 April 2024 9,000
AMORTISATION
Charge for year 63
At 30 April 2024 63
NET BOOK VALUE
At 30 April 2024 8,937

OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 78,750
Additions 10,730
Disposals (3,940 )
At 30 April 2024 85,540
DEPRECIATION
At 1 May 2023 41,432
Charge for year 13,079
Eliminated on disposal (3,012 )
At 30 April 2024 51,499
NET BOOK VALUE
At 30 April 2024 34,041
At 30 April 2023 37,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,808 12,987
Other debtors 9,496 8,892
23,304 21,879

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 113 6
Taxation and social security - 1,074
Other creditors 8,977 6,451
9,090 7,531

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its director £5,092 (2023: £2,782). The loan is free from interest and repayable on demand.

OGIVE INTELLECTUAL PROPERTY LIMITED (REGISTERED NUMBER: 06777383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr D J Bates.