Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01No description of principal activityfalsetrue2false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03160003 2023-05-01 2024-04-30 03160003 2022-05-01 2023-04-30 03160003 2024-04-30 03160003 2023-04-30 03160003 c:Director1 2023-05-01 2024-04-30 03160003 d:LeaseholdInvestmentProperty 2024-04-30 03160003 d:LeaseholdInvestmentProperty 2023-04-30 03160003 d:CurrentFinancialInstruments 2024-04-30 03160003 d:CurrentFinancialInstruments 2023-04-30 03160003 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03160003 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03160003 d:ShareCapital 2024-04-30 03160003 d:ShareCapital 2023-04-30 03160003 d:RetainedEarningsAccumulatedLosses 2024-04-30 03160003 d:RetainedEarningsAccumulatedLosses 2023-04-30 03160003 c:FRS102 2023-05-01 2024-04-30 03160003 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03160003 c:FullAccounts 2023-05-01 2024-04-30 03160003 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03160003 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03160003 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03160003 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03160003









OSBAND PRESS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
OSBAND PRESS LIMITED
REGISTERED NUMBER: 03160003

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
479,544
479,544

Current assets
  

Cash at bank and in hand
  
36,172
38,743

Creditors: amounts falling due within one year
 5 
(183,238)
(192,085)

Net current liabilities
  
 
 
(147,066)
 
 
(153,342)

Total assets less current liabilities
  
332,478
326,202

Provisions for liabilities
  

Deferred tax
 6 
(23,767)
(23,767)

Net assets
  
308,711
302,435


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
308,709
302,433

  
308,711
302,435

Page 1

 
OSBAND PRESS LIMITED
REGISTERED NUMBER: 03160003
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



L Osband
Director

Date: 20 January 2025

 The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
OSBAND PRESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Osband Press Limited is a private company limited by shares and registered in England. The address of its registered office is 124 Finchley Road, London NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The functional and presentational currency of the company is GBP.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents rent receivable and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
OSBAND PRESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
479,544



At 30 April 2024
479,544



The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 4

 
OSBAND PRESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,472
1,769

Other creditors
177,391
180,659

Accruals
4,375
9,657

183,238
192,085



6.


Deferred taxation




2024


£






At beginning of year
(23,767)



At end of year
(23,767)

2024
2023
£
£


Accelerated capital allowances
(23,767)
(23,767)

(23,767)
(23,767)

 
Page 5