Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1truefalse2023-01-01No description of principal activity1 05274588 2023-01-01 2023-12-31 05274588 2022-01-01 2022-12-31 05274588 2023-12-31 05274588 2022-12-31 05274588 c:Director1 2023-01-01 2023-12-31 05274588 d:FurnitureFittings 2023-01-01 2023-12-31 05274588 d:CurrentFinancialInstruments 2023-12-31 05274588 d:CurrentFinancialInstruments 2022-12-31 05274588 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05274588 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05274588 d:ShareCapital 2023-12-31 05274588 d:ShareCapital 2022-12-31 05274588 d:RetainedEarningsAccumulatedLosses 2023-12-31 05274588 d:RetainedEarningsAccumulatedLosses 2022-12-31 05274588 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05274588 c:OrdinaryShareClass1 2023-12-31 05274588 c:OrdinaryShareClass1 2022-12-31 05274588 c:FRS102 2023-01-01 2023-12-31 05274588 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05274588 c:FullAccounts 2023-01-01 2023-12-31 05274588 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05274588


4







ORBSAIL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
4
ORBSAIL LIMITED
REGISTERED NUMBER: 05274588

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
-
77

  
-
77

Current assets
  

Debtors: amounts falling due within one year
 5 
456,357
470,589

Cash at bank and in hand
  
87
2,337

  
456,444
472,926

Creditors: amounts falling due within one year
 6 
(144,248)
(160,730)

Net current assets
  
 
 
312,196
 
 
312,196

Total assets less current liabilities
  
312,196
312,273

  

Net assets
  
312,196
312,273


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
312,096
312,173

  
312,196
312,273


Page 1

 
4
ORBSAIL LIMITED
REGISTERED NUMBER: 05274588
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D R Lister
Director

Date: 28 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
4
ORBSAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Orbsail Limited is a private company limited by shares and registered in England and Wales.  The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
4
ORBSAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Unlisted investments

£





At 1 January 2023
77


Disposals
(77)



At 31 December 2023
-





5.


Debtors

2023
2022
£
£


Amounts owed by related undertakings
456,357
470,589

456,357
470,589


Page 4

 
4
ORBSAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
143,248
159,730

Accruals and deferred income
1,000
1,000

144,248
160,730



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 5