Registered number
08249272
October Solutions Limited
Unaudited Filleted Accounts
31 March 2024
October Solutions Limited
Registered number: 08249272
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 130,000 258,130
Investments 4 487,820 391,450
617,820 649,580
Current assets
Stocks 190,970 119,850
Debtors 5 141,160 203,573
Cash at bank and in hand 41,278 4,320
373,408 327,743
Creditors: amounts falling due within one year 6 (3,967) (9,952)
Net current assets 369,441 317,791
Total assets less current liabilities 987,261 967,371
Creditors: amounts falling due after more than one year 7 - (77,460)
Provisions for liabilities (20,900) (22,600)
Net assets 966,361 867,311
Capital and reserves
Called up share capital 2 2
Fair value reserve 530,502 441,003
Profit and loss account 435,857 426,306
Shareholder's funds 966,361 867,311
The director is 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 director acknowledges his 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.
R Oakes Approved by the board on 24 January 2025
Director
October Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover arises from various sources all related to the company's activity as a property business. It is measured at the fair value of the consideration receivable.
Tangible fixed assets (investment properties)
Tangible fixed assets comprise investment properties which are held to earn rentals and capital appreciation. These properties are not subject to depreciation but, instead, an annual review of their market valuation. Deferred taxation is recognised on the excess of valuation over cost.

This treatment represents a departure from the requirements of the Companies Act 2006 but is required in order for the accounts to show a true and fair view. It is impractical, in the opinion of the directors, to state an amount of depreciation which would have been charged against profit had the provisions of the Act been followed.
Investments
Investments in associated undertakings are recorded using the equity method where the carrying value of the investments is a) increased by the company's share of the profits (less losses) net of tax charges as recorded by those associates, these amounts also being credited and charged respectively to the company's profit and loss account, and b) reduced by any dividends paid by the associated undertakings to the company.
Stocks
Stocks comprise plots held and built for sale and are recorded at costs incurred to date.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Carrying value
At 1 April 2023 255,000 3,850 258,850
Disposals (125,000) (3,850) (128,850)
At 31 March 2024 130,000 - 130,000
Depreciation
At 1 April 2023 - 720 720
On disposals - (720) (720)
At 31 March 2024 - - -
Net book value
At 31 March 2024 130,000 - 130,000
At 31 March 2023 255,000 3,130 258,130
Freehold land and buildings: 2024 2023
£ £
Historical cost 46,418 162,247
Cumulative depreciation based on historical cost - -
46,418 162,247
Land and buildings were revalued in 2021.
4 Investments
Investments in
associated
undertakings
£
Carrying value
At 1 April 2023 391,450
Increase in value credited to profit & loss account 96,370
At 31 March 2024 487,820
Historical cost
At 1 April 2023 20,000
At 31 March 2024 20,000
5 Debtors 2024 2023
£ £
Amounts owed by connected undertakings 86,208 126,625
Director's loan 52,259 75,383
Other debtors 2,693 1,565
141,160 203,573
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 2,940
Taxation and social security costs 65 3,110
Other creditors 3,902 3,902
3,967 9,952
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 77,460
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R Oakes
Net loan subject to interest charges 75,383 69,809 (92,663) 52,529
75,383 69,809 (92,663) 52,529
9 Related party transactions
Amounts owed by connected undertakings
The company has lent money to connected undertakings in which either it or the director or both have an interest, one such undertaking also being an associated undertaking in which the company has invested. The amounts owing by the connected undertakings are disclosed in note 5 above and no formal terms attach to these loans.
Transactions with connected undertaking
The company has incurred development costs upon a stock asset with a view to future sale. Costs of £62,753 (2023 - £80,748) were charged by an undertaking of which the company's director is also a director and shareholder; these costs were all charged to the company at market value.
Director's loan
The company has lent money to its director, the amount owing being disclosed in note 5 above. The company has charged interest upon the net loan balances due to it.
10 Other information
October Solutions Limited is a private company limited by shares and incorporated in England and Wales. The company is controlled by its director. The registered office is situated at Clivewood Farm Wem Road, Clive, Shrewsbury, United Kingdom, SY4 5PR.
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