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Registered number: 11114126










OTTER STONE GROUP LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
OTTER STONE GROUP LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Statement of Changes in Equity
 
 
3 - 4
Notes to the Financial Statements
 
 
5 - 10

 
OTTER STONE GROUP LTD
REGISTERED NUMBER: 11114126

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
4,802

Investments
 5 
788,998
926,290

Investment property
 6 
1,050,000
1,050,000

  
1,838,998
1,981,092

Current assets
  

Debtors: amounts falling due after more than one year
 7 
1,882,322
2,900,000

Debtors: amounts falling due within one year
 7 
297,876
245,923

Cash at bank and in hand
 8 
271,404
793,139

  
2,451,602
3,939,062

Creditors: amounts falling due within one year
 9 
(2,965,696)
(1,598,641)

Net current (liabilities)/assets
  
 
 
(514,094)
 
 
2,340,421

Total assets less current liabilities
  
1,324,904
4,321,513

Creditors: amounts falling due after more than one year
 10 
-
(3,000,000)

  

Net assets
  
1,324,904
1,321,513


Capital and reserves
  

Called up share capital 
  
10
10

Capital redemption reserve
  
1,300,000
-

Profit and loss account
  
24,894
1,321,503

  
1,324,904
1,321,513

Page 1

 
OTTER STONE GROUP LTD
REGISTERED NUMBER: 11114126
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 comprehensive income 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 by: 



................................................
John Goodman
Director

Date: 3 April 2025

The notes on pages 5 to 10 form part of these financial statements.
Page 2

 
OTTER STONE GROUP LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 January 2024
10
-
1,321,503
1,321,513


Comprehensive income for the year

Profit for the year
-
-
3,391
3,391
Total comprehensive income for the year
-
-
3,391
3,391

Transfer to/from profit and loss account
-
1,300,000
(1,300,000)
-


At 31 December 2024
10
1,300,000
24,894
1,324,904


The notes on pages 5 to 10 form part of these financial statements.
Page 3

 
OTTER STONE GROUP LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
10
1,070,428
1,070,438


Comprehensive income for the year

Profit for the year
-
251,075
251,075
Total comprehensive income for the year
-
251,075
251,075


At 31 December 2023
10
1,321,503
1,321,513


The notes on pages 5 to 10 form part of these financial statements.
Page 4

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Otter Stone Group Ltd is a Company limited by shares, registered in England and Wales, registered number 11114126. The registered office address is Century House, 1 The Lakes, Northampton, NN4 7HD.

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

Interest income

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

 
2.4

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.


Page 5

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

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 building
-
10 years straight-line method

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 profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Other investments are stated at historical cost. Amortisation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method over 15 years.

 
2.7

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.

 
2.8

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.

  
2.9

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No depreciation
is provided. Changes in fair value are recognised in profit and loss.

Page 6

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees




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


4.


Tangible fixed assets





Office building

£





At 1 January 2024
5,488


Disposals
(5,488)



At 31 December 2024

-





At 1 January 2024
686


Charge for the year on owned assets
549


Disposals
(1,235)



At 31 December 2024

-



Net book value



At 31 December 2024
-



At 31 December 2023
4,802

Page 7

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Unlisted investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 January 2024
892,748
37,500
930,248


Disposals
(103,750)
(37,500)
(141,250)



At 31 December 2024

788,998
-
788,998





At 1 January 2024
-
3,958
3,958


Charge for the period
-
2,500
2,500


Disposals
-
(6,458)
(6,458)



At 31 December 2024

-
-
-



Net book value



At 31 December 2024
788,998
-
788,998



At 31 December 2023
892,748
33,542
926,290


6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
1,050,000



At 31 December 2024
1,050,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 8

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
1,882,322
2,900,000


2024
2023
£
£

Due within one year

Other debtors
297,876
245,923



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
271,404
793,139



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
47,955
78,154

Other creditors
2,912,621
1,517,287

Accruals and deferred income
5,120
3,200

2,965,696
1,598,641



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Share capital treated as debt
-
3,000,000


During the year £3,000,000 preference shares were redeemed at par of which £1,700.000 were redeemed by way of a Capital Reduction.

Page 9

 
OTTER STONE GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Transactions with directors

At 31 December 2024 there were amounts owed to a Director of the company of £2,908,620 (2023 -  £1,313,287). No interest was paid on this loan in either year. This balance is unsecured and has no set repayment date. This is shown in other creditors due in one year
At 31 December 2024 there was a loan owing to Hotbox Design Ltd, a Company with a common director of £nil (2023 - £200,000). This balance is unsecured and has no set repayment date. This is shown in other creditors due in one year
 
Page 10