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REGISTERED NUMBER: 10191214 (England and Wales)












Abridged Financial Statements

for the Year Ended 31st May 2024

for

Oversquare Limited

Oversquare Limited (Registered number: 10191214)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Oversquare Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: T J Dugan
Ms H F Smith
Ms D V Dugan





REGISTERED OFFICE: Little Gable Cottage
Peppard Common
Henley on Thames
Oxfordshire
RG9 5JU





REGISTERED NUMBER: 10191214 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Oversquare Limited (Registered number: 10191214)

Abridged Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 646 732
Tangible assets 5 7,904 5,229
Investments 6 3,667,871 2,356,961
3,676,421 2,362,922

CURRENT ASSETS
Debtors 399,336 204,784
Cash at bank 24,486 248,608
423,822 453,392
CREDITORS
Amounts falling due within one year 728,191 1,346,362
NET CURRENT LIABILITIES (304,369 ) (892,970 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,372,052

1,469,952

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 3,371,952 1,469,852
SHAREHOLDERS' FUNDS 3,372,052 1,469,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Oversquare Limited (Registered number: 10191214)

Abridged Balance Sheet - continued
31st May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24th February 2025 and were signed on its behalf by:





T J Dugan - Director


Oversquare Limited (Registered number: 10191214)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Oversquare 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33.33% on cost and 15% on reducing balance

Taxation
Taxation for the 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Oversquare Limited (Registered number: 10191214)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments- unlisted investments
Unlisted Investments consist of investments in crypto assets.

Unlisted Investments are initially measured at cost. They are subsequently measured at fair value using observable values on the active market at the reporting date. Unrealised fair value gains are recognised directly within equity under a revaluation reserve to the extent that they are not reversing a previously recognised unrealised fair value loss. Unrealised fair value losses are recognised within the profit and loss to the extent that they are not reversing an unrealised fair value gain previously recognised within equity.

Profit/ (loss) on disposal is recognised within the profit and loss in the period of disposal.

Where required, fair value is taken from fund manager reports dated as close to the reporting date as possible.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023
and 31st May 2024 860
AMORTISATION
At 1st June 2023 128
Amortisation for year 86
At 31st May 2024 214
NET BOOK VALUE

At 31st May 2024 646
At 31st May 2023 732

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023 16,281
Additions 5,221
At 31st May 2024 21,502
DEPRECIATION
At 1st June 2023 11,052
Charge for year 2,546
At 31st May 2024 13,598
NET BOOK VALUE
At 31st May 2024 7,904
At 31st May 2023 5,229

Oversquare Limited (Registered number: 10191214)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st June 2023 1,451,661
Additions 315
Disposals (146,169 )
Revaluations 1,409,264
At 31st May 2024 2,715,071
NET BOOK VALUE
At 31st May 2024 2,715,071
At 31st May 2023 1,451,661

Information on loans is as follows:
Totals
£   
At 1st June 2023 905,300
Additions 47,500
At 31st May 2024 952,800

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary Share Capital £1 100 100

8. RESERVES
Retained
earnings
£   

At 1st June 2023 1,469,852
Profit for the year 1,972,896
Dividends (70,796 )
At 31st May 2024 3,371,952