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Reports Dated : 20/11/2024 Registered Number: 13228189
England and Wales

 

 

 

OSEA HOUSE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
Directors Olatundun ABODUNRIN
Sekou Olusegun ABODUNRIN
Registered Number 13228189
Registered Office 9 Saffron Close
Maidstone
Kent
ME16 0US
Accountants J and Co. Accountants Limited
85 Great Portland Street
First Floor
London
W1W 7LT
1
Director's report and financial statements
The directors present his/her/their report and accounts for the year ended 28 February 2024.
Directors
The directors who served the company throughout the year were as follows:
Olatundun ABODUNRIN
Sekou Olusegun ABODUNRIN

This report was approved by the board and signed on its behalf by:


----------------------------------
Olatundun ABODUNRIN
Director

Date approved: 20 November 2024
2
 
 

 
2024
£
  2023
£
Turnover 15,200    9,400 
Staff costs (12,850)   (12,541)
Depreciations and other amounts written off assets (141)   (188)
Other charges (4,082)   (2,504)
Profit/(Loss) for the financial year (1,873)   (5,833)
 
3
  2024   2023
    £ £   £ £
Fixed assets   421      562 
Current assets 125,200      124,465   
Creditors: amount falling due within one year (29,001)     (26,584)  
Net current assets   96,199      97,881 
Total assets less current liabilities   96,620      98,443 
Creditors: amount falling due after more than one year   (105,800)     (105,800)
Accruals and deferred income   (500)     (450)
Net assets   (9,680)     (7,807)
 

         
Capital and reserves   (9,680)     (7,807)
 
NOTES TO THE ACCOUNTS

General Information
OSEA HOUSE LTD is a private company, limited by shares, registered in England and Wales, registration number 13228189, registration address 9 Saffron Close , Maidstone , Kent, ME16 0US.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 November 2024 and were signed on its behalf by:


--------------------------------
Olatundun ABODUNRIN
Director
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