Registered number
06483774
Amended
OC9 LIMITED
Filleted Accounts
31 January 2024
OC9 LIMITED
Registered number: 06483774
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investment Property 3 73,135 73,135
Current assets
Debtors 4 14,062 1,062
Cash at bank and in hand 5,258 26,117
19,320 27,179
Creditors: amounts falling due within one year 5 (1,541) (300)
Net current assets 17,779 26,879
Total assets less current liabilities 92,747 100,014
Creditors: amounts falling due after more than one year 6 (175,420) (168,118)
Net liabilities (82,673) (68,104)
Capital and reserves
Called up share capital 1 1
Profit and loss account (82,674) (68,105)
Shareholders' funds (82,673) (68,104)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs VG Tripathi
Director
Approved by the board on 23 October 2024
OC9 LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 February 2023 73,135
At 31 January 2024 73,135
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 14,062 1,062
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,541 300
Amounts owed to group undertakings and undertakings in which the company has a participating interest -
1,541 300
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 57,242 57,242
Other creditors - Directors loan 118,178 110,876
175,420 168,118
7 Controlling party
The company is under control of Mr VG Tripathiand Mr H Tripathi, by virtue of fact that they owned 100% of the issued share capital
8 Other information
OC9 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Briar Hedge, Epsom Road, Epsom, Surrey, KT17 1LJ
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