Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falsetrue3No description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09064659 2023-07-01 2024-06-30 09064659 2022-07-01 2023-06-30 09064659 2024-06-30 09064659 2023-06-30 09064659 c:Director1 2023-07-01 2024-06-30 09064659 c:Director2 2023-07-01 2024-06-30 09064659 c:Director4 2023-07-01 2024-06-30 09064659 c:RegisteredOffice 2023-07-01 2024-06-30 09064659 d:OfficeEquipment 2023-07-01 2024-06-30 09064659 d:OfficeEquipment 2024-06-30 09064659 d:OfficeEquipment 2023-06-30 09064659 d:CurrentFinancialInstruments 2024-06-30 09064659 d:CurrentFinancialInstruments 2023-06-30 09064659 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09064659 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09064659 d:ShareCapital 2024-06-30 09064659 d:ShareCapital 2023-06-30 09064659 d:RetainedEarningsAccumulatedLosses 2024-06-30 09064659 d:RetainedEarningsAccumulatedLosses 2023-06-30 09064659 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09064659 c:OrdinaryShareClass1 2024-06-30 09064659 c:OrdinaryShareClass1 2023-06-30 09064659 c:OrdinaryShareClass2 2023-07-01 2024-06-30 09064659 c:OrdinaryShareClass2 2024-06-30 09064659 c:OrdinaryShareClass2 2023-06-30 09064659 c:FRS102 2023-07-01 2024-06-30 09064659 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09064659 c:FullAccounts 2023-07-01 2024-06-30 09064659 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09064659 2 2023-07-01 2024-06-30 09064659 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09064659









OTIUM REAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
OTIUM REAL ESTATE LIMITED
 
 
COMPANY INFORMATION


Directors
A P Blake 
W J Killick 
V L Martin 




Registered number
09064659



Registered office
1010 Eskdale Road

Winnersh Triangle

Wokingham

RG41 5TS




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
OTIUM REAL ESTATE LIMITED
 

CONTENTS



Page
Balance sheet
1
Notes to the financial statements
2 - 6


 
OTIUM REAL ESTATE LIMITED
REGISTERED NUMBER: 09064659

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
9,671
10,578

Cash at bank and in hand
 6 
78,517
36,476

  
88,188
47,054

Creditors: amounts falling due within one year
 7 
(59,454)
(33,374)

Net current assets
  
 
 
28,734
 
 
13,680

Total assets less current liabilities
  
28,734
13,680

  

Net assets
  
28,734
13,680


Capital and reserves
  

Called up share capital 
 8 
134
134

Profit and loss account
  
28,600
13,546

  
28,734
13,680


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 statement of income and retained earnings 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 on 25 March 2025.




A P Blake
Director

Page 1

 
OTIUM REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Otium Real Estate Limited is a private company limited by shares and incorporated in England and Wales. The registration number is 09064659. The company's registered office is 1010 Eskdale Road, Winnersh Triangle, Wokingham, United Kingdom, RG41 5TS.  

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

Page 2

 
OTIUM REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

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 the statement of income and retained earnings.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

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.

 
2.7

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.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
OTIUM REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Taxation

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 income 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.



3.


Employees

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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
1,924



At 30 June 2024

1,924



Depreciation


At 1 July 2023
1,924



At 30 June 2024

1,924



Net book value



At 30 June 2024
-



At 30 June 2023
-

Page 4

 
OTIUM REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
1,479
403

Prepayments and accrued income
8,192
10,175

9,671
10,578



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
78,517
36,476

78,517
36,476



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,141
2,471

Corporation tax
33,561
19,215

Other taxation and social security
11,172
6,763

Other creditors
11,447
1,345

Accruals and deferred income
2,133
3,580

59,454
33,374



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) A Ordinary shares of £1.00 each
100
100
34 (2023 - 34) B Ordinary shares of £1.00 each
34
34

134

134


Page 5

 
OTIUM REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Related party transactions

During the year the directors recieved dividends of £89,100 (2023: £80,250). At the year end, included in other creditors is the amount of £201 (2023: £925) owed to the directors. 

 
Page 6