Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-30false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetruetrue2024-01-01Corporate Finance Advisory1 11096073 2024-01-01 2024-12-31 11096073 2023-01-01 2023-12-31 11096073 2024-12-31 11096073 2023-12-31 11096073 c:Director1 2024-01-01 2024-12-31 11096073 d:CurrentFinancialInstruments 2024-12-31 11096073 d:CurrentFinancialInstruments 2023-12-31 11096073 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11096073 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11096073 d:ShareCapital 2024-12-31 11096073 d:ShareCapital 2023-12-31 11096073 d:RetainedEarningsAccumulatedLosses 2024-12-31 11096073 d:RetainedEarningsAccumulatedLosses 2023-12-31 11096073 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11096073 c:OrdinaryShareClass1 2024-12-31 11096073 c:OrdinaryShareClass1 2023-12-31 11096073 c:FRS102 2024-01-01 2024-12-31 11096073 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11096073 c:FullAccounts 2024-01-01 2024-12-31 11096073 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11096073 2 2024-01-01 2024-12-31 11096073 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11096073









OCCULIS CAPITAL (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
OCCULIS CAPITAL (UK) LIMITED
REGISTERED NUMBER: 11096073

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
5,900
68,389

Bank and cash balances
  
567
7,860

  
6,467
76,249

Creditors: amounts falling due within one year
 5 
(25,491)
(48,252)

Net current (liabilities)/assets
  
 
 
(19,024)
 
 
27,997

Total assets less current liabilities
  
(19,024)
27,997

  

Net (liabilities)/assets
  
(19,024)
27,997


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
(20,024)
26,997

  
(19,024)
27,997


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 statement of income and retained earnings 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 Colucci
Director

Date: 30 May 2025

Page 1

 
OCCULIS CAPITAL (UK) LIMITED
REGISTERED NUMBER: 11096073
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OCCULIS CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The principal activity of Occulis Capital (UK) Limited ("the Company") is that of  corporate finance advisory as an Appointed Representative of Pillarfour Securities LLP.
The company is a private company limited by shares and is incorporated in England and Wales.
The registered office address is 2.02 1 Lillie Square, London, SW6 1DZ.

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

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the forseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
OCCULIS CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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:

Revenue relates to fees receivable for corporate finance advisory services provided to Pillarfour Securities LLP. Revenue is recognised in the period in which the advice is provided.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

Financial instruments

(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies,
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.
Such assets are subsequently carried at amortised cost using the effective interest method. At the
end of each reporting period financial assets measured at amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the
carrying amount and the present value of the estimated cash flows discounted at the asset’s original
effective interest rate. The impairment loss is recognised in the Statement of Income and Retained
Earnings.
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) 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.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Trade creditors are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
 
Page 4

 
OCCULIS CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are
settled, or when the Company transfers the asset and substantially all the risks and rewards of
ownership to another party. If significant risks and rewards of ownership are retained after the
transfer to another party, then the Company will continue to recognise the value of the portion of the
risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are
discharged or cancelled.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

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 reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Page 5

 
OCCULIS CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
5,000
67,489

Other debtors
900
900

5,900
68,389



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
15,991
47,053

Accruals and deferred income
9,500
1,199

25,491
48,252



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



7.


Controlling party

The ultimate controlling party is P Colucci.

 
Page 6