Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI616254 Mr Wayne Horwood Mr Graeme Steele Mr Gordon Patterson Mr Wayne Horwood Kali Belfast Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI616254 2023-02-28 NI616254 2024-02-28 NI616254 2023-03-01 2024-02-28 NI616254 frs-core:CurrentFinancialInstruments 2024-02-28 NI616254 frs-core:FurnitureFittings 2024-02-28 NI616254 frs-core:FurnitureFittings 2023-03-01 2024-02-28 NI616254 frs-core:FurnitureFittings 2023-02-28 NI616254 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 NI616254 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 NI616254 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 NI616254 frs-core:PlantMachinery 2024-02-28 NI616254 frs-core:PlantMachinery 2023-03-01 2024-02-28 NI616254 frs-core:PlantMachinery 2023-02-28 NI616254 frs-core:ShareCapital 2024-02-28 NI616254 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI616254 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI616254 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI616254 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI616254 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI616254 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI616254 1 2023-03-01 2024-02-28 NI616254 frs-bus:Director1 2023-03-01 2024-02-28 NI616254 frs-bus:Director2 2023-03-01 2024-02-28 NI616254 frs-bus:Director3 2023-03-01 2024-02-28 NI616254 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 NI616254 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI616254 2022-02-28 NI616254 2023-02-28 NI616254 2022-03-01 2023-02-28 NI616254 frs-core:CurrentFinancialInstruments 2023-02-28 NI616254 frs-core:ShareCapital 2023-02-28 NI616254 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI616254
Osiris Bars No.2 Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI616254
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,509,335 1,678,602
1,509,335 1,678,602
CURRENT ASSETS
Debtors 5 36,265 60,795
Cash at bank and in hand 277 302
36,542 61,097
Creditors: Amounts Falling Due Within One Year 6 (2,574,192 ) (2,591,629 )
NET CURRENT ASSETS (LIABILITIES) (2,537,650 ) (2,530,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,028,315 ) (851,930 )
NET LIABILITIES (1,028,315 ) (851,930 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (1,028,316 ) (851,931 )
SHAREHOLDERS' FUNDS (1,028,315) (851,930)
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Graeme Steele
Director
28 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Osiris Bars No.2 Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI616254 . The registered office is Jefferson House, 42 Queen Street, Belfast, Northern Ireland, BT1 6HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 4% straight line
Plant & Machinery 10% straight line
Fixtures & Fittings 10% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 1,975,804 439,980 462,373 2,878,157
As at 28 February 2024 1,975,804 439,980 462,373 2,878,157
Depreciation
As at 1 March 2023 547,102 342,726 309,727 1,199,555
Provided during the period 79,032 43,998 46,237 169,267
As at 28 February 2024 626,134 386,724 355,964 1,368,822
Net Book Value
As at 28 February 2024 1,349,670 53,256 106,409 1,509,335
As at 1 March 2023 1,428,702 97,254 152,646 1,678,602
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,697 4,880
Prepayments and accrued income 17,568 55,915
36,265 60,795
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,961 43,758
Other taxes and social security 1,308 1,308
VAT 4,133 1,960
Accruals and deferred income 5,800 5,800
Directors' loan accounts 355,566 358,379
Amounts owed to group undertakings 2,203,424 2,180,424
2,574,192 2,591,629
The overdraft is secured by a debenture over the assets of the company, and by inter company guarantees with Kali Belfast Limited, Osiris Bars Limited and Fortuna Inns Limited.
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Kali Belfast Limited . Kali Belfast Limited was incorporated in Northern Ireland. The ultimate controlling party is Kali Belfast Limited who controls 100% of the shares of Osiris Bars No.2 Limited .
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