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REGISTERED NUMBER: 03434769 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

OBJENIX LIMITED

OBJENIX LIMITED (REGISTERED NUMBER: 03434769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBJENIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: N Whyatt
S F Whyatt





REGISTERED OFFICE: College Farm
Main Street
Caldecote
Cambridge
CB23 7NU





REGISTERED NUMBER: 03434769 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

OBJENIX LIMITED (REGISTERED NUMBER: 03434769)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 211 175,146
Investment property 7 548,000 548,000
548,211 723,146

CURRENT ASSETS
Debtors 8 16,603 12,504
Investments 9 13,978 18,728
Cash at bank 67,876 39,897
98,457 71,129
CREDITORS
Amounts falling due within one year 10 (17,839 ) (18,039 )
NET CURRENT ASSETS 80,618 53,090
TOTAL ASSETS LESS CURRENT LIABILITIES 628,829 776,236

PROVISIONS FOR LIABILITIES 11 (42,925 ) (53,934 )
NET ASSETS 585,904 722,302

CAPITAL AND RESERVES
Called up share capital 12 9 9
Investments revaluation
reserve 54,951 54,951
Investment property revaluation reserve 216,428 216,428
Retained earnings 314,516 450,914
SHAREHOLDERS' FUNDS 585,904 722,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OBJENIX LIMITED (REGISTERED NUMBER: 03434769)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





N Whyatt - Director


OBJENIX LIMITED (REGISTERED NUMBER: 03434769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Objenix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services is recognised when those services are performed.
Revenue from rent is recognised for the period the rent covers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Investment property furniture - 25% on cost
Office equipment - 33.33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

OBJENIX LIMITED (REGISTERED NUMBER: 03434769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Listed investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account. Unlisted investments are shown at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Investment
property Office
furniture equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,969 3,816 7,785
DEPRECIATION
At 1 October 2023
and 30 September 2024 3,969 3,816 7,785
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 175,146
Disposals (174,935 )
At 30 September 2024 211
NET BOOK VALUE
At 30 September 2024 211
At 30 September 2023 175,146

OBJENIX LIMITED (REGISTERED NUMBER: 03434769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2018 329,131
Valuation in 2019 (151,507 )
Valuation in 2020 (7,100 )
Valuation in 2021 26,353
Valuation in 2022 (23,077 )
Valuation in 2023 1,346
Valuation in 2024 (174,935 )
211

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 548,000
NET BOOK VALUE
At 30 September 2024 548,000
At 30 September 2023 548,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 438,900
Valuation in 2019 18,100
Valuation in 2021 (7,000 )
Valuation in 2023 98,000
548,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 193,119 193,119

The investment properties were valued on a fair value basis on 30 September 2024 by the directors .

OBJENIX LIMITED (REGISTERED NUMBER: 03434769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,952 7,222
Other debtors 4,651 5,282
16,603 12,504

9. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments 13,978 18,728

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,609 4,584
Other creditors 14,230 13,455
17,839 18,039

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 42,925 53,934

Deferred
tax
£   
Balance at 1 October 2023 53,934
Charge/(credit) for the year (11,009 )
Balance at 30 September 2024 42,925

The provision for deferred taxation is made up of accelerated capital allowances.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary A £1 3 3
3 Ordinary B £1 3 3
3 Ordinary C £1 3 3
9 9