Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31falsetrue2023-04-010No description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13277378 2023-04-01 2024-03-31 13277378 2022-04-01 2023-03-31 13277378 2024-03-31 13277378 2023-03-31 13277378 c:Director3 2023-04-01 2024-03-31 13277378 d:CurrentFinancialInstruments 2024-03-31 13277378 d:CurrentFinancialInstruments 2023-03-31 13277378 d:Non-currentFinancialInstruments 2024-03-31 13277378 d:Non-currentFinancialInstruments 2023-03-31 13277378 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13277378 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13277378 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13277378 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13277378 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 13277378 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13277378 d:ShareCapital 2024-03-31 13277378 d:ShareCapital 2023-03-31 13277378 d:RetainedEarningsAccumulatedLosses 2024-03-31 13277378 d:RetainedEarningsAccumulatedLosses 2023-03-31 13277378 c:FRS102 2023-04-01 2024-03-31 13277378 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13277378 c:FullAccounts 2023-04-01 2024-03-31 13277378 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13277378 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13277378









OMURTAG THETFORD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OMURTAG THETFORD LIMITED
REGISTERED NUMBER: 13277378

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Work in progress
  
2,512,672
1,748,272

Debtors: amounts falling due within one year
 4 
553
617

Cash at bank and in hand
 5 
-
2,095

  
2,513,225
1,750,984

Creditors: amounts falling due within one year
 6 
(54,058)
(53,753)

Net current assets
  
 
 
2,459,167
 
 
1,697,231

Total assets less current liabilities
  
2,459,167
1,697,231

Creditors: amounts falling due after more than one year
 7 
(2,716,980)
(1,749,147)

  

Net liabilities
  
(257,813)
(51,916)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(257,815)
(51,918)

  
(257,813)
(51,916)


Page 1

 
OMURTAG THETFORD LIMITED
REGISTERED NUMBER: 13277378
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 on 18 June 2025.




Stephen Finneran
Director

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

Page 2

 
OMURTAG THETFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Omurtag Thetford Limited is a private limited company limited by share capital. The company is registered in England and Wales under company number 13277378. The company's registered office address is located at 1 The Green, Richmond, Surrrey TW9 1PL.

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

It is anticipated that the company will see positive results following the completion of the developments held by the company. The directors are of the opinion that the company continues to be a going concern and the accounts have been prepared accordingly.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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.

Page 3

 
OMURTAG THETFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Debtors

2024
2023
£
£


Other debtors
553
617

553
617



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
2,095

Less: bank overdrafts
(49,054)
-

(49,054)
2,095


Page 4

 
OMURTAG THETFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
49,054
-

Trade creditors
3,304
-

Accruals and deferred income
1,700
53,753

54,058
53,753



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
2,716,980
1,749,147

2,716,980
1,749,147


The following liabilities were secured:

2024
2023
£
£



Secured loans
2,568,980
1,601,147

2,568,980
1,601,147

Details of security provided:

The loan amount stated is secured by a fixed and floating charge. The balance includes a loan from a shareholder on which the directors have given personal guarantees. 

Page 5

 
OMURTAG THETFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Other loans
2,716,980
1,749,147


2,716,980
1,749,147


2,716,980
1,749,147


 
Page 6