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REGISTERED NUMBER: 05100790 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Oysi Limited

Oysi Limited (Registered number: 05100790)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oysi Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs S J Tuvey
M W Tuvey





SECRETARY: M W Tuvey





REGISTERED OFFICE: The Old Farmhouse
Chapel Lane
Shotteswell
Banbury
OX17 1JB





REGISTERED NUMBER: 05100790 (England and Wales)





ACCOUNTANTS: S J E Tuvey T/A Tuveys
The Old Farmhouse
Chapel Lane
Shotteswell
Banbury
Oxfordshire
OX17 1JB

Oysi Limited (Registered number: 05100790)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 188,000 168,500

CURRENT ASSETS
Prepayments and accrued income 1,084 360
Cash in hand 4 340
1,088 700
CREDITORS
Amounts falling due within one year 5 15,576 9,731
NET CURRENT LIABILITIES (14,488 ) (9,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,512

159,469

CREDITORS
Amounts falling due after more than one year 6 (154,015 ) (152,308 )

PROVISIONS FOR LIABILITIES (6,486 ) (1,611 )
NET ASSETS 13,011 5,550

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,009 5,548
13,011 5,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Oysi Limited (Registered number: 05100790)

Balance Sheet - continued
30 April 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mrs S J Tuvey - Director


Oysi Limited (Registered number: 05100790)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Oysi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Oysi Limited (Registered number: 05100790)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 168,500
Revaluations 19,500
At 30 April 2024 188,000
NET BOOK VALUE
At 30 April 2024 188,000
At 30 April 2023 168,500

The directors valued the investment property on 30th April 2024 on an open market existing use basis.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 6,310
Valuation in 2018 8,500
Valuation in 2024 19,500
Cost 153,690
188,000

Deferred tax is provided on the increase in value of investment properties and charged to the profit and loss account in the year of the revaluation.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,892 3,077
Other creditors 12,684 6,654
15,576 9,731

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 76,560 78,143
Other creditors 77,455 74,165
154,015 152,308

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,560 78,143

Oysi Limited (Registered number: 05100790)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. SECURED DEBTS

The bank loan is secured by way of a legal charge over the investment property.

8. RELATED PARTY DISCLOSURES

During the year the company received a further advance of £793 from key management personnel. The total loan is £77,455, has no fixed repayment date but has a thirteen month notice period.The rate of interest during the year was between 6.9% and 8.15%. At the balance sheet date, the loan was still outstanding and is presented within creditors:amounts falling due after more than one year.