Orasis Management Limited 08894074 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Property Rental Digita Accounts Production Advanced 6.30.9574.0 true true 08894074 2023-03-01 2024-02-29 08894074 2024-02-29 08894074 bus:Director1 1 2024-02-29 08894074 core:CurrentFinancialInstruments 2024-02-29 08894074 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08894074 core:Non-currentFinancialInstruments 2024-02-29 08894074 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 08894074 bus:SmallEntities 2023-03-01 2024-02-29 08894074 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08894074 bus:FilletedAccounts 2023-03-01 2024-02-29 08894074 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08894074 bus:RegisteredOffice 2023-03-01 2024-02-29 08894074 bus:Director1 2023-03-01 2024-02-29 08894074 bus:Director1 1 2023-03-01 2024-02-29 08894074 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08894074 countries:EnglandWales 2023-03-01 2024-02-29 08894074 bus:Director1 1 2023-02-28 08894074 2022-03-01 2023-02-28 08894074 2023-02-28 08894074 core:CurrentFinancialInstruments 2023-02-28 08894074 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08894074 core:Non-currentFinancialInstruments 2023-02-28 08894074 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 08894074

Orasis Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Orasis Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Orasis Management Limited

Company Information

Director

L Louca

Registered office

4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

Accountants

Addicus Plus Limited
Chartered Certified Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Orasis Management Limited

(Registration number: 08894074)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

867

49,396

Cash at bank and in hand

 

568

535

 

1,435

49,931

Creditors: Amounts falling due within one year

5

(3,929)

(3,834)

Total assets less current liabilities

 

(2,494)

46,097

Creditors: Amounts falling due after more than one year

5

(3,267)

(5,717)

Net (liabilities)/assets

 

(5,761)

40,380

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(5,771)

40,370

Shareholders' (deficit)/funds

 

(5,761)

40,380

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 November 2024
 

L Louca
Director

   
     
 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Other debtors

723

49,252

Prepayments

144

144

867

49,396

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

2,450

2,450

Trade creditors

 

144

144

Taxation and social security

 

495

400

Accruals and deferred income

 

840

840

 

3,929

3,834

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

3,267

5,717

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,267

5,717

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,450

2,450

 

Orasis Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Related party transactions

Transactions with the director

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

L Louca

Directors loan

-

5,908

(5,185)

723