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Registered Number: 10704535
England and Wales

 

 

 

OSBORN PARTNERS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Report to the directors on the preparation of the unaudited statutory accounts of Osborn Partners Limited for the year ended 30 April 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Osborn Partners Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Osborn Partners Limited, as a body, in accordance with the terms of our engagement letter dated 30 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Osborn Partners Limited and state those matters that we have agreed to state to the Board of Directors of Osborn Partners Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Osborn Partners Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Osborn Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Osborn Partners Limited. You consider that Osborn Partners Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Osborn Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 30 April 2024



....................................................

Baranov Associates Ltd

4 Academy Close
Kirkby Stephen
Cumbria
CA17 4JG
13 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 34,626    50,249 
34,626    50,249 
Current assets      
Debtors: amounts falling due within one year 494,862    487,686 
Cash at bank and in hand 378    288 
495,240    487,974 
Creditors: amount falling due within one year (493,002)   (492,826)
Net current assets 2,238    (4,852)
 
Total assets less current liabilities 36,864    45,397 
Creditors: amount falling due after more than one year (41,153)   (45,541)
Net assets (4,289)   (144)
 

Capital and reserves
     
Called up share capital 4 300    300 
Profit and loss account (4,589)   (444)
Shareholders' funds (4,289)   (144)
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 December 2024 and were signed on its behalf by:


-------------------------------
Peter Osborn
Director
2
General Information
Osborn Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 10704535, registration address 1-3 Old Mill Road, Kings Langley, Herts, WD4 8RD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 May 2023  
Additions 62,490    62,490 
Disposals  
At 30 April 2024 62,490    62,490 
Depreciation
At 01 May 2023 12,241    12,241 
Charge for year 15,623    15,623 
On disposals  
At 30 April 2024 27,864    27,864 
Net book values
Closing balance as at 30 April 2024 34,626    34,626 
Opening balance as at 01 May 2023 50,249    50,249 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
300 Ordinary shares of £1.00 each 300    300 
300    300 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Flexiion Limited18,000 30,000 (73,791)(90,330)

During the period the company paid expenses on behalf of Flexiion Limited. During the period Osborn Partners Limited charged Flexiion Limited £14,000 (2022: £30,000) for services supplied.
3