Octavian Holdings Limited 14927214 false 2023-06-09 2024-06-30 2024-06-30 The principal activity of the company is Holding company Digita Accounts Production Advanced 6.30.9574.0 true false true true 14927214 2023-06-09 2024-06-30 14927214 2024-06-30 14927214 core:RetainedEarningsAccumulatedLosses 2024-06-30 14927214 core:ShareCapital 2024-06-30 14927214 core:CurrentFinancialInstruments 2024-06-30 14927214 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14927214 core:AdditionsToInvestments 2024-06-30 14927214 core:FurnitureFittingsToolsEquipment 2024-06-30 14927214 core:LandBuildings 2024-06-30 14927214 bus:SmallEntities 2023-06-09 2024-06-30 14927214 bus:AuditExemptWithAccountantsReport 2023-06-09 2024-06-30 14927214 bus:FilletedAccounts 2023-06-09 2024-06-30 14927214 bus:SmallCompaniesRegimeForAccounts 2023-06-09 2024-06-30 14927214 bus:RegisteredOffice 2023-06-09 2024-06-30 14927214 bus:Director1 2023-06-09 2024-06-30 14927214 bus:Director2 2023-06-09 2024-06-30 14927214 bus:PrivateLimitedCompanyLtd 2023-06-09 2024-06-30 14927214 core:FurnitureFittings 2023-06-09 2024-06-30 14927214 core:FurnitureFittingsToolsEquipment 2023-06-09 2024-06-30 14927214 core:LandBuildings 2023-06-09 2024-06-30 14927214 core:AllSubsidiaries 2023-06-09 2024-06-30 14927214 core:Subsidiary1 2023-06-09 2024-06-30 14927214 core:Subsidiary1 1 2023-06-09 2024-06-30 14927214 core:Subsidiary1 countries:England 2023-06-09 2024-06-30 14927214 countries:UnitedKingdom 2023-06-09 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 14927214

Octavian Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 9 June 2023 to 30 June 2024

 

Octavian Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Octavian Holdings Limited

Company Information

Directors

V S Shrivastava

R N Tiam

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Octavian Holdings Limited

(Registration number: 14927214)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

206,965

Investments

5

100

 

207,065

Current assets

 

Debtors

6

590

Cash at bank and in hand

 

3,625

 

4,215

Creditors: Amounts falling due within one year

7

(108,051)

Net current liabilities

 

(103,836)

Total assets less current liabilities

 

103,229

Provisions for liabilities

(598)

Net assets

 

102,631

Capital and reserves

 

Called up share capital

100

Retained earnings

102,531

Shareholders' funds

 

102,631

For the financial period ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 

.........................................
V S Shrivastava
Director

.........................................
R N Tiam
Director

 
     
 

Octavian Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT
England

The principal place of business is:
41 Elveley Drive
West Ella
Hull
HU10 7RT

These financial statements were authorised for issue by the Board on 13 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Summary of disclosure exemptions

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with it's parent. Group accounts have not been prepared under the FRS102 section 1a disclosure exemption applicable to small groups..

Going concern

The company was incorporated on 9 June 2023. This is the company's first period of trade and the financial statements have been prepared on a going concern basis.

The Directors understand that there is doubt for the going concern status of the entity due to the net current liabilities position of £103,836 at the year end. This is largely due to a Director loan account balance of £106,901. The Directors have confirmed that they will not seek repayment of the loan balance until the entity is in a position to be able to repay this. The Directors have confirmed that they will support the entity in repaying debts as they fall due and are satisifed that the accounts can be prepared on the going concern basis.

 

Octavian Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of property in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

20% Reducing balance

Land and Buildings

Recognised at cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Company in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Company includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Octavian Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2.

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

203,691

3,548

207,239

At 30 June 2024

203,691

3,548

207,239

Depreciation

Charge for the period

-

274

274

At 30 June 2024

-

274

274

Carrying amount

At 30 June 2024

203,691

3,274

206,965

Included within the net book value of land and buildings above is £203,691 in respect of freehold land and buildings.
 

 

Octavian Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

5

Investments

2024
£

Investments in subsidiaries

100

Subsidiaries

£

Cost or valuation

Additions

100

Provision

Carrying amount

At 30 June 2024

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Fidelis Diagnostics Limited

41 Elveley Drive, West Ella, East Yorkshire, HU10 7RT

England

Ordinary

100%

6

Debtors

Current

2024
£

Prepayments

590

 

590

 

Octavian Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

106,901

Accruals and deferred income

 

1,150

 

108,051

8

Loans and borrowings

Current loans and borrowings

2024
£

Other borrowings

106,901


Other borrowings relates to an unsecured directors loan account.

9

Related party transactions

Other transactions with Directors

At the year end, the company owed the directors £106,901. This amount is unsecured, interest free and repayable on demand.

Summary of transactions with subsidiaries

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with it's subsidiary. Group accounts have not been prepared under the FRS102 section 1a disclosure exemption applicable to small groups.