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REGISTERED NUMBER: 03524519 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

O.S.I. INTERNATIONAL LIMITED

O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O.S.I. INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mrs R C Bucklitsch





REGISTERED OFFICE: 13a High Street
Edenbridge
Kent
TN8 5AB





REGISTERED NUMBER: 03524519 (England and Wales)





ACCOUNTANTS: Currie Accountancy Limited
Chartered Accountants
First Floor
13a High Street
Edenbridge
Kent
TN8 5AB

O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 909,000 909,000
909,000 909,000

CURRENT ASSETS
Cash at bank 25 106

CREDITORS
Amounts falling due within one year 6 378,524 365,671
NET CURRENT LIABILITIES (378,499 ) (365,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,501

543,435

CREDITORS
Amounts falling due after more than one
year

7

(74,775

)

(96,668

)

PROVISIONS FOR LIABILITIES 9 (97,867 ) (97,867 )

ACCRUALS AND DEFERRED INCOME (2,336 ) (2,336 )
NET ASSETS 355,523 346,564

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10 355,521 346,562
SHAREHOLDERS' FUNDS 355,523 346,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

BALANCE SHEET - continued
31ST MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd December 2024 and were signed by:





Mrs R C Bucklitsch - Director


O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

O.S.I. International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 13,683
Impairments (13,683 )
At 31st March 2024 -
DEPRECIATION
At 1st April 2023 13,683
Impairments (13,683 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 909,000
NET BOOK VALUE
At 31st March 2024 909,000
At 31st March 2023 909,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2007 111,904
Valuation in 2015 279,566
Cost 517,530
909,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,014 19,966
Taxation and social security 2,102 2,286
Other creditors 354,408 343,419
378,524 365,671

O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 74,775 96,668

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 96,789 116,634
Related party loan 90,859 92,459
187,648 209,093

These loans are secured on the investment properties.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
On revaluations 97,867 97,867

Deferred
tax
£   
Balance at 1st April 2023 97,867
Balance at 31st March 2024 97,867

10. RESERVES
Retained
earnings
£   

At 1st April 2023 346,562
Profit for the year 8,959
At 31st March 2024 355,521

Revenue reserves include a non distributable amount of £293,603 (2023 £293,603) being the fair value reserve arising on the revaluation of investment properties on transition to FRS 102.

O.S.I. INTERNATIONAL LIMITED (REGISTERED NUMBER: 03524519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

In addition to her share in the related party loan of £90,859 (2023 £92,459), at the year end the company owed the director, Mrs R C Bucklitsch £262,548 (2023 £248,055).

This balance is also included in other creditors falling due in less than one year.