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REGISTERED NUMBER: 06638574 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

OCTIGAN LIMITED

OCTIGAN LIMITED (REGISTERED NUMBER: 06638574)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OCTIGAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Ms C A Octigan





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 06638574 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

OCTIGAN LIMITED (REGISTERED NUMBER: 06638574)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 775,000 775,000
775,000 775,000

CURRENT ASSETS
Debtors 5 97,921 97,921
Cash at bank 4,717 2,608
102,638 100,529
CREDITORS
Amounts falling due within one year 6 65,656 58,393
NET CURRENT ASSETS 36,982 42,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,982

817,136

CREDITORS
Amounts falling due after more than one
year

7

(356,546

)

(381,366

)

PROVISIONS FOR LIABILITIES (78,537 ) (59,688 )
NET ASSETS 376,899 376,082

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 376,898 376,081
SHAREHOLDERS' FUNDS 376,899 376,082

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th April 2025 and were signed by:



Ms C A Octigan - Director


OCTIGAN LIMITED (REGISTERED NUMBER: 06638574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. 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 represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis.

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

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.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or is 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2. EMPLOYEES AND DIRECTORS

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

OCTIGAN LIMITED (REGISTERED NUMBER: 06638574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st August 2023
and 31st July 2024 2,014
DEPRECIATION
At 1st August 2023
and 31st July 2024 2,014
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st July 2024 775,000
NET BOOK VALUE
At 31st July 2024 775,000
At 31st July 2023 775,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2021 314,148
Cost 460,852
775,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 97,921 97,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,820 23,825
Trade creditors 120 -
Amounts owed to associates 31,000 25,000
Tax 5,389 5,247
VAT 2,640 2,477
Other creditors - 15
Directors' loan accounts 257 257
Accrued expenses 1,430 1,572
65,656 58,393

OCTIGAN LIMITED (REGISTERED NUMBER: 06638574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 356,546 24,820
Bank loans - 2-5 years - 356,546
356,546 381,366

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

2024 2023
£    £   
Ms C A Octigan
Balance outstanding at start of year (257 ) 97,921
Amounts advanced - 2,743
Amounts repaid - (100,921 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (257 ) (257 )

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Shine Holistic Limited
As at 31 July 2024, the company owes Octigan Limited £31,000 (2023: £25,000). The balance is interest free and repayable on demand.

Ms C A Octigan holds 100% of shares in Shine Holistic Limited and is a director.

Shine On The Green Limited
As at 31 July 2024, Shine On The Green Limited owed the company £97,921 (2023: £97,921). The balance is interest free and repayable on demand.

Ms C A Octigan holds 50% of shares in Shine On The Green Limited and is a director.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C A Octigan.

This was by virtue of her 100% holding of the issued share capital.