Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04453386 2023-08-01 2024-07-31 04453386 2022-08-01 2023-07-31 04453386 2024-07-31 04453386 2023-07-31 04453386 c:Director1 2023-08-01 2024-07-31 04453386 d:FreeholdInvestmentProperty 2024-07-31 04453386 d:FreeholdInvestmentProperty 2023-07-31 04453386 d:CurrentFinancialInstruments 2024-07-31 04453386 d:CurrentFinancialInstruments 2023-07-31 04453386 d:Non-currentFinancialInstruments 2024-07-31 04453386 d:Non-currentFinancialInstruments 2023-07-31 04453386 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04453386 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04453386 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 04453386 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04453386 d:ShareCapital 2024-07-31 04453386 d:ShareCapital 2023-07-31 04453386 d:RetainedEarningsAccumulatedLosses 2024-07-31 04453386 d:RetainedEarningsAccumulatedLosses 2023-07-31 04453386 c:OrdinaryShareClass1 2023-08-01 2024-07-31 04453386 c:OrdinaryShareClass1 2024-07-31 04453386 c:OrdinaryShareClass1 2023-07-31 04453386 c:FRS102 2023-08-01 2024-07-31 04453386 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04453386 c:FullAccounts 2023-08-01 2024-07-31 04453386 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04453386 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04453386










O CONSTRUCTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
O CONSTRUCTION LIMITED
REGISTERED NUMBER: 04453386

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
313,285
313,285

  
313,285
313,285

Current assets
  

Debtors
  
1,500
1,500

Cash at bank and in hand
  
6,186
6,337

  
7,686
7,837

Creditors: amounts falling due within one year
 5 
(147,340)
(155,300)

Net current liabilities
  
 
 
(139,654)
 
 
(147,463)

Total assets less current liabilities
  
173,631
165,822

Creditors: amounts falling due after more than one year
 6 
(50,572)
(54,054)

  

Net assets
  
123,059
111,768


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
122,959
111,668

  
123,059
111,768


Page 1

 
O CONSTRUCTION LIMITED
REGISTERED NUMBER: 04453386

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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: 




P P O'Connor
Director
Date: 28 April 2025

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

Page 2

 
O CONSTRUCTION LIMITED
 

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

1.


General information

O Construction Limited is a private company, limited by shares and incorporated in England & Wales. The registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 3

 
O CONSTRUCTION LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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 or loss.

 
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

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
O CONSTRUCTION LIMITED
 

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

4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
313,285



At 31 July 2024
313,285

In the opinion of the directors, the market value of the investment properties are the same as the book value at the balance sheet date.






5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,748
2,748

Corporation tax
2,648
3,866

Other creditors
139,544
146,286

Accruals and deferred income
2,400
2,400

147,340
155,300



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
50,572
54,054


Secured loans
Bank loans are secured over the company's freehold properties by a fixed and floating charge over its remaining assets.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 5