Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-072023-06-01falsefalseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04440984 2023-06-01 2024-05-31 04440984 2022-06-01 2023-05-31 04440984 2024-05-31 04440984 2023-05-31 04440984 c:Director2 2023-06-01 2024-05-31 04440984 d:FurnitureFittings 2023-06-01 2024-05-31 04440984 d:FurnitureFittings 2024-05-31 04440984 d:FurnitureFittings 2023-05-31 04440984 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04440984 d:ComputerEquipment 2023-06-01 2024-05-31 04440984 d:ComputerEquipment 2024-05-31 04440984 d:ComputerEquipment 2023-05-31 04440984 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04440984 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04440984 d:FreeholdInvestmentProperty 2024-05-31 04440984 d:FreeholdInvestmentProperty 2023-05-31 04440984 d:CurrentFinancialInstruments 2024-05-31 04440984 d:CurrentFinancialInstruments 2023-05-31 04440984 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04440984 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04440984 d:ShareCapital 2024-05-31 04440984 d:ShareCapital 2023-05-31 04440984 d:SharePremium 2024-05-31 04440984 d:SharePremium 2023-05-31 04440984 d:InvestmentPropertiesRevaluationReserve 2024-05-31 04440984 d:InvestmentPropertiesRevaluationReserve 2023-05-31 04440984 d:RetainedEarningsAccumulatedLosses 2024-05-31 04440984 d:RetainedEarningsAccumulatedLosses 2023-05-31 04440984 c:OrdinaryShareClass1 2023-06-01 2024-05-31 04440984 c:OrdinaryShareClass1 2024-05-31 04440984 c:OrdinaryShareClass1 2023-05-31 04440984 c:FRS102 2023-06-01 2024-05-31 04440984 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04440984 c:FullAccounts 2023-06-01 2024-05-31 04440984 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04440984 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 04440984 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 04440984 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 04440984 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 04440984 d:OtherDeferredTax 2024-05-31 04440984 d:OtherDeferredTax 2023-05-31 04440984 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04440984










O. BJELLAND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
O. BJELLAND LIMITED
REGISTERED NUMBER: 04440984

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
140
165

Investment property
 5 
1,600,000
1,600,000

  
1,600,140
1,600,165

Current assets
  

Debtors: amounts falling due within one year
 6 
43,326
43,326

Cash at bank and in hand
 7 
13,900
12,392

  
57,226
55,718

Creditors: amounts falling due within one year
 8 
(253,505)
(250,866)

Net current liabilities
  
 
 
(196,279)
 
 
(195,148)

Total assets less current liabilities
  
1,403,861
1,405,017

Provisions for liabilities
  

Deferred tax
 9 
(137,960)
(138,249)

  
 
 
(137,960)
 
 
(138,249)

Net assets
  
1,265,901
1,266,768


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Share premium account
  
400,000
400,000

Investment property reserve
  
958,197
958,197

Profit and loss account
  
(93,296)
(92,429)

  
1,265,901
1,266,768


Page 1

 
O. BJELLAND LIMITED
REGISTERED NUMBER: 04440984

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 director acknowledges his 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 profit and loss account 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: 




O M Bjelland
Director

Date: 7 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
O. BJELLAND LIMITED
 

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

1.


General information

O.Bjelland Limited is a private company, limited by share capital and incorporated in England and Wales.
The registered office of the Company is 8th Floor South, Reading Bridge House, George Street, Reading, England, 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Turnover

Turnover represents rents receivable excluding value added tax. 

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.4

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 3

 
O. BJELLAND LIMITED
 

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below.

Depreciation is provided on the following basis:

Fixtures & fittings
-
15% on reducing balance
Computer equipment
-
33.3% on cost

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.

 
2.5

Investment property

Investment properties are included in the financial statements at their fair value in accordance with FRS 102 and are not depreciated. Changes in fair value are recognised in profit or loss.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
O. BJELLAND LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost 


At 1 June 2023
5,000
291
5,291



At 31 May 2024

5,000
291
5,291



Depreciation


At 1 June 2023
4,835
291
5,126


Charge for the year on owned assets
25
-
25



At 31 May 2024

4,860
291
5,151



Net book value



At 31 May 2024
140
-
140



At 31 May 2023
165
-
165


5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
1,600,000



At 31 May 2024
1,600,000

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




Page 5

 
O. BJELLAND LIMITED
 

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

6.


Debtors

2024
2023
£
£


Other debtors
43,326
43,326

43,326
43,326



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,900
12,392



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
100
12,168

Other creditors
248,545
236,478

Accruals and deferred income
4,860
2,220

253,505
250,866



9.


Deferred taxation




2024


£






At beginning of year
(138,249)


Charged to profit or loss
289



At end of year
(137,960)

Page 6

 
O. BJELLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(35)
(41)

Tax losses carried forward
473
190

Capital gains
(138,398)
(138,398)

(137,960)
(138,249)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary A shares of £1.00 each
1,000
1,000



11.


Related party transactions

The company was related to Xynteo Limited by virtue of common control by O M Bjelland.
The company received rental income of £14,235 (2023 - £11,186) in respect of the year from Xynteo Limited. At the balance sheet date the company owed £20,126 (2023 - £20,126) to Xynteo Limited.
Included within other creditors is a loan of £235,782 (2023 - £223,713) from O M Bjelland. This loan is interest free, without security and repayable on demand.


Page 7