Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13122985 2023-02-01 2024-01-31 13122985 2022-02-01 2023-01-31 13122985 2024-01-31 13122985 2023-01-31 13122985 c:Director2 2023-02-01 2024-01-31 13122985 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 13122985 d:FreeholdInvestmentProperty 2024-01-31 13122985 d:FreeholdInvestmentProperty 2023-01-31 13122985 d:CurrentFinancialInstruments 2024-01-31 13122985 d:CurrentFinancialInstruments 2023-01-31 13122985 d:Non-currentFinancialInstruments 2024-01-31 13122985 d:Non-currentFinancialInstruments 2023-01-31 13122985 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13122985 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13122985 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13122985 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13122985 d:ShareCapital 2024-01-31 13122985 d:ShareCapital 2023-01-31 13122985 d:RevaluationReserve 2024-01-31 13122985 d:RevaluationReserve 2023-01-31 13122985 d:RetainedEarningsAccumulatedLosses 2024-01-31 13122985 d:RetainedEarningsAccumulatedLosses 2023-01-31 13122985 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13122985 c:OrdinaryShareClass1 2024-01-31 13122985 c:OrdinaryShareClass1 2023-01-31 13122985 c:FRS102 2023-02-01 2024-01-31 13122985 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13122985 c:FullAccounts 2023-02-01 2024-01-31 13122985 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13122985 6 2023-02-01 2024-01-31 13122985 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13122985










OFFICE VENTURES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
OFFICE VENTURES LIMITED
REGISTERED NUMBER: 13122985

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
809,546
-

Investment property
 5 
-
862,500

  
809,546
862,500

Current liablities
  

Debtors: amounts falling due within one year
 6 
-
10,264

Cash at bank and in hand
  
131,630
5,717

Current Liablities
  
131,630
15,981

Creditors: amounts falling due within one year
 7 
(886,624)
(2,748)

Net current (liabilities)/assets
  
 
 
(754,994)
 
 
13,233

Total assets less current liabilities
  
54,552
875,733

Creditors: amounts falling due after more than one year
 8 
-
(768,000)

  

Net assets
  
54,552
107,733


Capital and reserves
  

Called up share capital 
 9 
2
2

Revaluation reserve
  
9,546
94,500

Profit and loss account
  
45,004
13,231

  
54,552
107,733


Page 1

 
OFFICE VENTURES LIMITED
REGISTERED NUMBER: 13122985

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 income statement 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: 




R A Atkinson
Director

Date: 22 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OFFICE VENTURES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Office Ventures Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 13122985, registered office address is Great House Farm, Llangeview, Usk, NP15 1EN.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable for services provided during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Taxation

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.


 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3

 
OFFICE VENTURES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




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


4.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
800,000


Revaluations
9,546



At 31 January 2024
809,546




Page 4

 
OFFICE VENTURES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Investment property


Freehold investment property

£





At 1 February 2023
862,500


Disposals
(862,500)



At 31 January 2024
-

On 30 August 2023 the company sold its property for £863,163.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
768,000
768,000

768,000
768,000


6.


Debtors

2024
2023
£
£


Other debtors
-
4,276

Prepayments and accrued income
-
5,988

-
10,264



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
1,800
-

Corporation tax
5,394
-

Other taxation and social security
128,991
-

Other creditors
748,239
798

Accruals and deferred income
2,200
1,950

886,624
2,748


Page 5

 
OFFICE VENTURES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
768,000



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



10.


Related party transactions

At 31 January 2023 the company owed £748,239 to its directors (2023: £768,798). These balances are interest free and with no fixed repayment date.


Page 6