Company Registration No. 12975305 (England and Wales)
Onerand Ltd
Unaudited accounts
for the year ended 31 October 2024
Onerand Ltd
Unaudited accounts
Contents
Onerand Ltd
Company Information
for the year ended 31 October 2024
Director
Francesco Randone
Company Number
12975305 (England and Wales)
Registered Office
701 LASCAR WHARF BUILDING 21 PARNHAM STR
LONDON
E14 7FN
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Onerand Ltd
Statement of financial position
as at 31 October 2024
Investment property
480,263
217,651
Cash at bank and in hand
21
8,416
Creditors: amounts falling due within one year
(139,783)
(64,817)
Net current liabilities
(139,762)
(56,401)
Total assets less current liabilities
340,501
161,250
Creditors: amounts falling due after more than one year
(351,224)
(159,075)
Net (liabilities)/assets
(10,723)
2,175
Called up share capital
3
2
Profit and loss account
(10,726)
2,173
Shareholders' funds
(10,723)
2,175
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2025 and were signed on its behalf by
Francesco Randone
Director
Company Registration No. 12975305
Onerand Ltd
Notes to the Accounts
for the year ended 31 October 2024
Onerand Ltd is a private company, limited by shares, registered in England and Wales, registration number 12975305. The registered office is 701 LASCAR WHARF BUILDING 21 PARNHAM STR, LONDON, E14 7FN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 November 2023
217,651
At 31 October 2024
480,263
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,394
Loans from directors
138,623
63,064
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
351,224
159,075
Onerand Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).