Orca Service Technologies IP Limited |
Registered number: |
13120082 |
Balance Sheet |
as at 31 December 2023 |
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Notes |
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2023 |
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2022 |
£ |
£ |
Fixed assets |
Intangible assets |
3 |
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85,000 |
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85,000 |
Investments |
4 |
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100 |
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100 |
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85,100 |
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85,100 |
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Net current assets |
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- |
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- |
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Total assets less current liabilities |
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85,100 |
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85,100 |
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Creditors: amounts falling due after more than one year |
5 |
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(85,000) |
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(85,000) |
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Net assets |
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100 |
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100 |
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Capital and reserves |
Called up share capital |
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100 |
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100 |
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Shareholder's funds |
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100 |
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100 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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….............................. |
C B Craggs |
Director |
Approved by the board on 29 November 2024 |
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Orca Service Technologies IP Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The company did not receive any revenue during the current or previous years, it's activity is that of a non trading holding company that owns the right to software licensed to its subsidiary company. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Intangible fixed assets |
£ |
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Software Intellectual Property Rights : |
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Cost |
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At 1 January 2023 |
85,000 |
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At 31 December 2023 |
85,000 |
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Amortisation |
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At 31 December 2023 |
- |
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Net book value |
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At 31 December 2023 |
85,000 |
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At 31 December 2022 |
85,000 |
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The Intellectual property rights acquired in the prior period have not been amortised in the period as the directors deem there to have been no impairment. |
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4 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 January 2023 |
100 |
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At 31 December 2023 |
100 |
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The company owns 100% of the Share Capital of Orca Service Technologies Limited a company incorporated in England and Wales the principal activity of which is the development and provision of IT services. The capital and reserves of the subsidiary at the period end was a deficit of £81,446 (2022- £76,317 surplus), the loss after tax for the period was £157,763 (2022 - £48,213 profit). |
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5 |
Creditors: amounts falling due after one year |
2023 |
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2022 |
£ |
£ |
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Other creditors |
85,000 |
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85,000 |
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6 |
Related party transactions |
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Included in other creditors is £85,000 (2022 - £85,000) owed to McFarlane Telfer Limited, a company under the control of the director C B Craggs. |
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7 |
Controlling party |
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The company is under the control of the director C B Craggs. |
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8 |
Other information |
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Orca Service Technologies IP Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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B5 Westacott Business Centre |
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Westacott Way |
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Maidenhead |
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Berkshire |
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SL6 3RT |