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Company No: 11424741 (England and Wales)

OCTAVIA JEWELLERY LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

OCTAVIA JEWELLERY LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

OCTAVIA JEWELLERY LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
OCTAVIA JEWELLERY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTOR Octavia Tidswell-Norrish
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 11424741 (England and Wales)
OCTAVIA JEWELLERY LIMITED

BALANCE SHEET

As at 30 June 2024
OCTAVIA JEWELLERY LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 309 477
309 477
Current assets
Debtors 4 1,130 1,043
Cash at bank and in hand 51,990 48,949
53,120 49,992
Creditors: amounts falling due within one year 5 ( 26,948) ( 30,094)
Net current assets 26,172 19,898
Total assets less current liabilities 26,481 20,375
Net assets 26,481 20,375
Capital and reserves
Called-up share capital 1 1
Profit and loss account 26,480 20,374
Total shareholder's funds 26,481 20,375

For the financial 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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Octavia Jewellery Limited (registered number: 11424741) were approved and authorised for issue by the Director on 06 March 2025. They were signed on its behalf by:

Octavia Tidswell-Norrish
Director
OCTAVIA JEWELLERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
OCTAVIA JEWELLERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Octavia Jewellery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and is recognised as goods are delivered or services are provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Cash at bank and in hand

Cash at bank includes cash or opening of a deposit or similar account

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 July 2023 673 500 1,173
At 30 June 2024 673 500 1,173
Accumulated depreciation
At 01 July 2023 196 500 696
Charge for the financial year 168 0 168
At 30 June 2024 364 500 864
Net book value
At 30 June 2024 309 0 309
At 30 June 2023 477 0 477

4. Debtors

2024 2023
£ £
Trade debtors 474 474
Other debtors 656 569
1,130 1,043

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 221 4,641
Other creditors 26,727 25,453
26,948 30,094

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Loan from director 23,573 23,573

Interest-free loan granted by the director to the company which is repayable on demand.