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Registered number: 10838588
Otium Capital Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Xeinadin South Wales & West Limited
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 10838588
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 27,600 25,000
Cash at bank and in hand 105 1,592
27,705 26,592
Creditors: Amounts Falling Due Within One Year (24,057 ) (22,390 )
NET CURRENT ASSETS (LIABILITIES) 3,648 4,202
TOTAL ASSETS LESS CURRENT LIABILITIES 3,648 4,202
NET ASSETS 3,648 4,202
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account 3,647 4,201
SHAREHOLDERS' FUNDS 3,648 4,202
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jeffrey Durant
Director
13/02/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Otium Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10838588 . The registered office is Edinburgh House, 1-5 Bellevue Road, Clevedon, BS21 7NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit or loss.

The Company considers evidence of impairment for these assets at both an individual asset and collective level. All individually significant assets are individually assessed for impairment. Individual assets are impaired when objective evidence is available, including:

  • significant financial difficulty of the issuer;
  • a breach of contract including default of the payment terms;
  • indications that a debtor or issuer will enter bankruptcy;
  • observable data indicating that there is a measurable decrease in the expected cash flows from a group of financial assets.

An impairment loss is calculated as the difference between an asset's carrying amount and the present value of the estimated future cash flows discounted at the asset's original effective interest rate. Losses are recognised in the profit and loss and are reflected in an allowance account. When the company considers that there are no realistic prospects of recovery of the asset, the relevant amounts are written off. If the amount of impairment loss subsequently decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, then the previously recognised impairment loss is reversed through profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
5. Related Party Transactions
During the period, the company received a loan from a related party, of which Mr J Durant is also a shareholder and officer. As at 30th June 2024, this loan stood at £11,600 (2023: £10,000) and is carried in the balance sheet within Other debtors.  These loans are repayable on demand. No interest is being charged on this balance.
Page 2