O.S.L. EQUITY GROUP LTD

Company Registration Number:
15291522 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 17 November 2023

End date: 30 November 2024

O.S.L. EQUITY GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

O.S.L. EQUITY GROUP LTD

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Directors

The director shown below has held office during the period of
8 March 2024 to 19 August 2024

Chiara Lautenschlager


The director shown below has held office during the whole of the period from
17 November 2023 to 30 November 2024

Charel Ogada


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 December 2024

And signed on behalf of the board by:
Name: Charel Ogada
Status: Director

O.S.L. EQUITY GROUP LTD

Profit And Loss Account

for the Period Ended 30 November 2024

2024


£
Turnover: 5,975,000
Cost of sales: ( 128,703 )
Gross profit(or loss): 5,846,297
Distribution costs: ( 150,560 )
Administrative expenses: ( 577,835 )
Operating profit(or loss): 5,117,902
Profit(or loss) before tax: 5,117,902
Profit(or loss) for the financial year: 5,117,902

O.S.L. EQUITY GROUP LTD

Balance sheet

As at 30 November 2024

Notes 2024


£
Fixed assets
Intangible assets: 3 41
Tangible assets: 4 34,732
Total fixed assets: 34,773
Current assets
Debtors: 5 402,307
Cash at bank and in hand: 2,145,890
Total current assets: 2,548,197
Creditors: amounts falling due within one year: 6 ( 265,067 )
Net current assets (liabilities): 2,283,130
Total assets less current liabilities: 2,317,903
Total net assets (liabilities): 2,317,903
Capital and reserves
Called up share capital: 1
Profit and loss account: 2,317,902
Total Shareholders' funds: 2,317,903

The notes form part of these financial statements

O.S.L. EQUITY GROUP LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 December 2024
and signed on behalf of the board by:

Name: Charel Ogada
Status: Director

The notes form part of these financial statements

O.S.L. EQUITY GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

    Intangible fixed assets amortisation policy

    Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

    Other accounting policies

    Judgements and key sources of estimation uncertainty: The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under circumstances. Revenue recognition: Turnover is measured at the fair value of the consideration received or receivable for goods supplied, services rendered, and investment activities, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from investment activities is recognised when the income is earned, and it is probable that the economic benefits will flow to the entity. This includes interest, dividends, and gains on the disposal of investments, which are measured reliably and accounted for at fair value. Foreign currencies: Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. Depreciation: Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follow: Fixtures & Fittings - 20% straight line Equipment - 20% straight line Impairment of fixed assets: A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. Financial instruments: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

O.S.L. EQUITY GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

O.S.L. EQUITY GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 41 41
Disposals
Revaluations
Transfers
At 30 November 2024 41 41
Amortisation
Charge for year
On disposals
Other adjustments
At 30 November 2024
Net book value
At 30 November 2024 41 41

O.S.L. EQUITY GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 3,780 37,898 41,678
Disposals
Revaluations
Transfers
At 30 November 2024 3,780 37,898 41,678
Depreciation
Charge for year 630 6,316 6,946
On disposals
Other adjustments
At 30 November 2024 630 6,316 6,946
Net book value
At 30 November 2024 3,150 31,582 34,732

O.S.L. EQUITY GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024
£
Trade debtors 315,000
Other debtors 87,307
Total 402,307

O.S.L. EQUITY GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024
£
Trade creditors 250,290
Other creditors 14,777
Total 265,067