Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true32023-05-01false13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10745056 2023-05-01 2024-04-30 10745056 2022-05-01 2023-04-30 10745056 2024-04-30 10745056 2023-04-30 10745056 c:Director1 2023-05-01 2024-04-30 10745056 d:OfficeEquipment 2023-05-01 2024-04-30 10745056 d:OfficeEquipment 2024-04-30 10745056 d:OfficeEquipment 2023-04-30 10745056 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10745056 d:ComputerEquipment 2023-05-01 2024-04-30 10745056 d:ComputerEquipment 2024-04-30 10745056 d:ComputerEquipment 2023-04-30 10745056 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10745056 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10745056 d:CurrentFinancialInstruments 2024-04-30 10745056 d:CurrentFinancialInstruments 2023-04-30 10745056 d:Non-currentFinancialInstruments 2024-04-30 10745056 d:Non-currentFinancialInstruments 2023-04-30 10745056 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10745056 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10745056 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 10745056 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10745056 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 10745056 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 10745056 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 10745056 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 10745056 d:ShareCapital 2024-04-30 10745056 d:ShareCapital 2023-04-30 10745056 d:RetainedEarningsAccumulatedLosses 2024-04-30 10745056 d:RetainedEarningsAccumulatedLosses 2023-04-30 10745056 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10745056 c:OrdinaryShareClass1 2024-04-30 10745056 c:FRS102 2023-05-01 2024-04-30 10745056 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10745056 c:FullAccounts 2023-05-01 2024-04-30 10745056 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10745056 2 2023-05-01 2024-04-30 10745056 6 2023-05-01 2024-04-30 10745056 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 10745056 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 10745056 2 2024-04-30 10745056 2 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10745056














OMNAM INVESTMENT GROUP UK LIMITED

 
UNAUDITED

 FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
OMNAM INVESTMENT GROUP UK LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
OMNAM INVESTMENT GROUP UK LIMITED
REGISTERED NUMBER:10745056

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,763
17,018

Investments
 5 
-
10

  
12,763
17,028

Current assets
  

Debtors: amounts falling due within one year
 6 
1,553,203
554,687

Cash at bank and in hand
 7 
728
12,224

  
1,553,931
566,911

Creditors: amounts falling due within one year
 8 
(2,161,754)
(3,779,782)

Net current liabilities
  
 
 
(607,823)
 
 
(3,212,871)

Total assets less current liabilities
  
(595,060)
(3,195,843)

Creditors: amounts falling due after more than one year
 9 
(12,231)
(20,661)

Provisions for liabilities
  

Deferred tax
 11 
(4,255)
(4,255)

  
 
 
(4,255)
 
 
(4,255)

Net liabilities
  
(611,546)
(3,220,759)


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
(611,646)
(3,220,859)

  
(611,546)
(3,220,759)


1

 
OMNAM INVESTMENT GROUP UK LIMITED
REGISTERED NUMBER:10745056
    
BALANCE SHEET (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 profit and loss account 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: 




D Zisser
Director

Date: 28 January 2025

The notes on pages 3 to 8 form part of these financial statements.

2

 
OMNAM INVESTMENT GROUP UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Omnam Investment Group UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10745056. The registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
                                                                                                                  
The principal activity of the company is that of a head office and providing management consultancy services.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the shareholders have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'administration expenses'. 

 
2.4

Turnover

Turnover from management consultancy services is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

3

 
OMNAM INVESTMENT GROUP UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

 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 corporate tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 balance sheet date.

 
2.10

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

4

 
OMNAM INVESTMENT GROUP UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.10
 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

 Investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

 Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

 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. 

 
2.14

 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.

 
2.15

 Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.16

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

5

 
OMNAM INVESTMENT GROUP UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 13).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
4,850
22,420
27,270



At 30 April 2024

4,850
22,420
27,270



Depreciation


At 1 May 2023
647
9,605
10,252


Charge for the year on owned assets
1,051
3,204
4,255



At 30 April 2024

1,698
12,809
14,507



Net book value



At 30 April 2024
3,152
9,611
12,763



At 30 April 2023
4,203
12,815
17,018


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
10



At 30 April 2024

10



Impairment


Charge for the period
10



At 30 April 2024

10



Net book value



At 30 April 2024
-



At 30 April 2023
10

6

 
OMNAM INVESTMENT GROUP UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,293,911
524,571

Other debtors
254,571
23,319

Called up share capital not paid
100
100

Prepayments and accrued income
4,621
6,697

1,553,203
554,687



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
728
12,224



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,429
9,952

Trade creditors
2,675
102,525

Amounts owed to group undertakings
1,815,966
2,639,231

Other creditors
321,225
481,224

Accruals and deferred income
13,459
546,850

2,161,754
3,779,782



The bank loan of £8,429 (2023 - £9,952) included in creditors due after more than one year is a Coronavirus Bounce Back Loan, 100% guaranteed by the government. 
 

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,231
20,661


The bank loan of £12,231 (2023 - £20,661) included in creditors due after more than one year is a Coronavirus Bounce Back Loan, 100% guaranteed by the government.

7

 
OMNAM INVESTMENT GROUP UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,429
9,952

Amounts falling due 1-2 years

Bank loans
10,462
10,204

Amounts falling due 2-5 years

Bank loans
1,769
10,457


20,660
30,613



11.


Deferred taxation




2024


£






At beginning of year
4,255



At end of year
4,255

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,255
4,255

4,255
4,255


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares shares of £1.00 each
100
100



13.


Related party transactions

At the year end, the directors were owed £10,663 (2023 - £50,515) by the company. The loan is inteest free and repayable on demand.

 
8