1 March 2023 v2025.1.0 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP106327942023-03-012024-02-29106327942024-02-29106327942023-02-2810632794core:WithinOneYear2024-02-2910632794core:WithinOneYear2023-02-2810632794core:ShareCapital2024-02-2910632794core:ShareCapital2023-02-2810632794core:RetainedEarningsAccumulatedLosses2024-02-2910632794core:RetainedEarningsAccumulatedLosses2023-02-2810632794bus:Director12023-03-012024-02-2910632794bus:RegisteredOffice2023-03-012024-02-29106327942022-03-012023-02-281063279412023-03-012024-02-2910632794countries:EnglandWales2023-03-012024-02-2910632794bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910632794bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910632794bus:SmallEntities2023-03-012024-02-2910632794bus:FullAccounts2023-03-012024-02-29
Company registration number:
10632794
Obsidian Achernar Ltd
Unaudited Filleted Financial Statements for the year ended
29 February 2024
Obsidian Achernar Ltd
Statement of Financial Position
29 February 2024
20242023
Note££
Current assets    
Debtors 5
232,408
  -  
Cash at bank and in hand
62,051
 
3,128,398
 
294,459
 
3,128,398
 
Creditors: amounts falling due within one year 6
(7,294
)
(2,872,329
)
Net current assets
287,165
 
256,069
 
Total assets less current liabilities 287,165   256,069  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
287,065
 
255,969
 
Shareholders funds
287,165
 
256,069
 
For the year ending
29 February 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 January 2025
, and are signed on behalf of the board by:
A Thompson Maccarthy
Director
Company registration number:
10632794
Obsidian Achernar Ltd
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Capricorn Centre
,
Cranes Farm Road
,
Basildon
,
Essex
,
SS14 3JJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Income

Income arises from recharge of costs plus markup to related companies

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2023:
3
).

5 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
232,408
  -  

6 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest -  
2,845,879
 
Taxation and social security
7,294
 
26,450
 
7,294
 
2,872,329