iso4217:GBP
xbrli:pure
xbrli:shares
iso4217:GBP
xbrli:shares
SC360835
2024-08-31
SC360835
2025-05-29
SC360835
2023-09-01
2024-08-31
SC360835
2025-05-29
2025-05-29
SC360835
bus:Director2
2023-09-01
2024-08-31
SC360835
bus:Director1
2023-09-01
2024-08-31
SC360835
bus:Director3
2023-09-01
2024-08-31
SC360835
bus:SmallEntities
2023-09-01
2024-08-31
SC360835
bus:AuditExempt-NoAccountantsReport
2023-09-01
2024-08-31
SC360835
bus:FullAccounts
2023-09-01
2024-08-31
SC360835
bus:Director1
2023-09-01
2024-08-31
SC360835
2023-09-01
2024-08-31
SC360835
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
OCCUPANCY MARKETING LIMITED
Registration Number SC360835 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 31 August 2024
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
REGISTRATION NUMBER
SC360835
DIRECTORS
M A S Forrester
REGISTERED OFFICE
3rd Floor
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
Intangible assets
2
187,500
225,000
Tangible assets
3
32,660
27,799
Debtors
4
1,139,988
1,495,454
Cash at bank and in hand
2,205,666
1,573,600
Creditors: amounts falling due within one year
5
1,296,675
1,217,210
Net current assets
2,048,979
1,851,844
Total assets less current liabilities
2,269,139
2,104,643
Deferred tax
6
2,044
6,619
Net assets
2,267,095
2,098,024
Called up share capital
7
545
545
Share premium account
7
167,701
167,701
Profit and loss account
2,098,849
1,929,778
Shareholders' funds
2,267,095
2,098,024
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income and retained earnings has been taken.
For the year ended 31 August 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year ended 31 August 2024 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
The directors acknowledge their responsibilities for 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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
The financial statements were approved and authorised for issue by the Board of Directors on 21 May 2025.
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
Signed on behalf of the Board of Directors
_______________________
_______________________
M A S Forrester
D R Gardner
The notes on pages 8 to 13 form part of these accounts.
Company registration number: SC360835
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
1.
Summary of significant accounting policies
1.1
General information and basis of preparation
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
The financial statements are prepared on a going concern basis and comply with the financial reporting standards of FRC including FRS102, "The Financial Reporting Standards applicable in the UK and Ireland" as adapted by Section 1A.
1.2
Intangible assets - goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.
1.3
Tangible fixed assets
All tangible fixed assets are initially recorded at historic cost. This includes legal fees, stamp duty and other non-refundable purchase taxes, and also any costs 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, which can include the costs of site preparation, initial delivery and handling, installation and assembly, and testing of functionality.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Asset class
Useful life / depreciation rate
Leasehold property
10% straight line
Fixtures and fittings
20% straight line
Office equipment
20% straight line
Where factors indicate that the residual values or useful lives of tangible assets may have changed, a review will be carried out of the residual values, depreciation methods and useful lives, and these will be amended if necessary. Changes in depreciation rates arising from this review are accounted for prospectively over the remaining useful lives of the assets.
1.4
Debtors and creditors receivable / payable within one year
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.
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
1.5
Financial instruments
The Company has chosen to adopt Section 11 of FRS102 in respect of financial instruments.
The ordinary share capital of the company is presented as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Other financial assets, including trade debtors for goods sold to customers on short-term credit, are initially measured at the transaction price including transaction costs, and are subsequently measured at the transaction price plus transaction costs not yet recognised, cumulative interest income less repayments and impairment, where there is evidence of impairment.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Related party transactions
Included in other debtors is an amount of £16,179 owed to a Company under common control, (2023: £282,101).
Other financial liabilities
Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.
Impairment of financial assets
At the end of each reporting period, the company assesses whether there is evidence of impairment of any financial assets, including investments, loans, trade debtors and cash. If there is evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Where the circumstances causing an impairment of an asset, other than goodwill, no longer apply, then the impairment is reversed through the profit and loss account. An impairment loss recognised for goodwill is not reversed in subsequent periods.
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight-line basis over the period of the lease.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.10
Turnover and other income
Turnover is stated net of trade discounts, volume rebates, VAT and similar taxes and derives from the provision of goods and services falling within the company's ordinary activities. Turnover on supply of services is recognised by reference to the stage of completion of the service at the end of the financial year. The stage of completion is determined primarily on the basis of time costs applied to individual service assignments. Deposits received from customers in advance of the stage of completion of services at the end of the financial year are not recognised as income and are included in creditors.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Short term benefits, including holiday pay, are recognised as an expense in the period in which employees have become entitled to the benefits as a result of service rendered to the company.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
2.
Intangible fixed assets
Reconciliation of changes in intangible assets
At 01 September 2023
750,000
At 31 August 2024
750,000
At 01 September 2023
(525,000)
At 31 August 2024
(562,500)
At 01 September 2023
225,000
At 31 August 2024
187,500
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
Balances at year end and movements for the year
Leasehold property
£
Fixtures and fittings
£
Office equipment
£
Total
£
At 01 September 2023
59,789
34,759
7,861
102,409
Additions
12,918
-
-
12,918
At 31 August 2024
72,707
34,759
7,861
115,327
At 01 September 2023
(53,108)
(13,641)
(7,861)
(74,610)
Charge for the year
(1,187)
(6,870)
-
(8,057)
At 31 August 2024
(54,295)
(20,511)
(7,861)
(82,667)
At 01 September 2023
6,681
21,118
-
27,799
At 31 August 2024
18,412
14,248
-
32,660
Amounts falling due within one year
Trade debtors
837,164
951,540
Other debtors
302,824
543,914
Total debtors
1,139,988
1,495,454
5.
Creditors: amounts falling due within one year
Creditors: amounts falling due within one year comprise:
Trade creditors
217,198
185,569
Other creditors
535,064
599,706
Social security and other taxes
135,079
65,771
Amounts owed to group undertakings
-
6,232
Corporation tax
239,334
227,918
Value added tax
170,000
132,014
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
6.1
Details of set-off of deferred tax assets and liabilities
Net deferred tax liability from all items being set off
(2,044)
(6,619)
Total deferred tax liability per the balance sheet
(2,044)
(6,619)
6.2
Reconciliation of deferred tax movements
Opening balance at 01 September 2023
(6,619)
(Charged) / credited to profit or loss
4,575
Closing balance at 31 August 2024
(2,044)
The company has not recognised a valuation allowance against the deferred tax assets because, on the basis of past years and future expectations, management considers it probable that taxable profits will be available against which the future income tax deductions can be utilised.
Detail of the deferred tax provision is provided in note
7.
Called up share capital
Alloted, called up and fully paid
2024
£
2023
£
5,448,717 Ordinary shares of £0.0001 each
544.87
544.87
8.1
Certain employees had been granted options to subscribe for shares in the company, under share option schemes as follows:
The EMI options, granted on 21 February 2023 at an option price of £0.24, are shown below:
Option exercise period February 2023 to February 2033
206,412
OCCUPANCY MARKETING LIMITED
Financial Statements for the year ended 31 August 2024
NOTES TO THE FINANCIAL STATEMENTS
8.2
Movements in the number of share options outstanding and their related weighted average exercise prices are as follows:
Weighted average exercise price in £
2024
Options
2024
Granted during the period
0.24
206,412
Outstanding at the end of the period
0.24
206,412
The total expense recognised during the year in respect of share based payments totalled £5,980 (2023: Nil).
The estimated fair values were calculated by applying Black-Scholes option pricing model. The model inputs were:
Share price at grant date
£0.24
Risk free interest rate
3.340%
Appendix - Additional XBRL Tags and Values
Accounting standards applied
Accounts status, audited or unaudited
Average number of employees during the period
Average number of employees during the period
Date of authorisation of financial statements for issue
Director signing Directors' Report
Director signing financial statements
End date for period covered by report
Entity current legal or registered name
Occupancy Marketing Limited
Entity is dormant [true/false]
Name of individual auditor
Name of production software
Profit (loss) on ordinary activities after tax
Profit (loss) on ordinary activities after tax
Start date for period covered by report
Total current tax expense (credit)
Total current tax expense (credit)
UK Companies House registered number