Caseware UK (AP4) 2023.0.135 2023.0.135 truefalse2023-10-01No description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI027772 2023-10-01 2024-09-30 NI027772 2022-05-01 2023-09-30 NI027772 2024-09-30 NI027772 2023-09-30 NI027772 2022-05-01 NI027772 c:CompanySecretary1 2023-10-01 2024-09-30 NI027772 c:Director1 2023-10-01 2024-09-30 NI027772 c:Director2 2023-10-01 2024-09-30 NI027772 c:RegisteredOffice 2023-10-01 2024-09-30 NI027772 c:Agent1 2023-10-01 2024-09-30 NI027772 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2024-09-30 NI027772 d:CurrentFinancialInstruments 2024-09-30 NI027772 d:CurrentFinancialInstruments 2023-09-30 NI027772 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 NI027772 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 NI027772 d:ShareCapital 2024-09-30 NI027772 d:ShareCapital 2023-09-30 NI027772 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 NI027772 d:RetainedEarningsAccumulatedLosses 2024-09-30 NI027772 d:RetainedEarningsAccumulatedLosses 2023-09-30 NI027772 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI027772 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 NI027772 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI027772 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 NI027772 d:RetirementBenefitObligationsDeferredTax 2024-09-30 NI027772 d:RetirementBenefitObligationsDeferredTax 2023-09-30 NI027772 c:OrdinaryShareClass1 2023-10-01 2024-09-30 NI027772 c:OrdinaryShareClass1 2024-09-30 NI027772 c:OrdinaryShareClass1 2023-09-30 NI027772 c:FRS102 2023-10-01 2024-09-30 NI027772 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI027772 c:FullAccounts 2023-10-01 2024-09-30 NI027772 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI027772 d:EntityControlledByKeyManagementPersonnel1 2023-10-01 2024-09-30 NI027772 d:EntityControlledByKeyManagementPersonnel1 2024-09-30 NI027772 d:EntityControlledByKeyManagementPersonnel2 2023-10-01 2024-09-30 NI027772 d:EntityControlledByKeyManagementPersonnel2 2024-09-30 NI027772 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 NI027772 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 NI027772 2 2023-10-01 2024-09-30 NI027772 6 2023-10-01 2024-09-30 NI027772 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
Oratorio Developments Limited
For the Year Ended 30 September 2024





































Registered number: NI027772

 
Oratorio Developments Limited
 

Company Information


Directors
Mr W O McIlroy 
Mrs F A McIlroy 




Company secretary
Mrs F A McIlroy



Registered number
NI027772



Registered office
1st Floor
10/12 Rosemary Street

Belfast

BT1 1QD




Accountants
Grant Thornton Advisors (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Bank of Ireland
31 University Road

Belfast

BT7 1NA




Solicitors
Tughans
Marlborough House

30 Victoria Street

Belfast

BT1 3GS





 
Oratorio Developments Limited
 

Contents



Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9


  
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Independent Accountant's Report to the directors of the unaudited financial statements of Oratorio Developments Limited for the Year Ended 30 September 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Oratorio Developments Limited for the year ended 30 September 2024, which comprise  the Balance sheet and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements. 
 
This report is made solely to the directors of Oratorio Developments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Oratorio Developments Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oratorio Developments Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410  (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board  (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered  Accountants Ireland relating to members undertaking the compilation of financial statements. 

You have approved the financial statements for the year ended 30 September 2024 and you have acknowledged on the Balance sheet as at 30 September 2024 your duty to ensure that Oratorio Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Oratorio Developments Limited is exempt from the statutory audit requirement for the year ended 30 September 2024.

We have not been instructed to carry out an audit or review the financial statements of Oratorio Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton Advisors (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   26 June 2025
Page 1

 
Oratorio Developments Limited
Registered number:NI027772

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
2,447,010
5,474,671

  
2,447,010
5,474,671

Current assets
  

Debtors: amounts falling due within one year
 6 
1,831,119
1,673,253

Cash at bank and in hand
 7 
3,468,728
967,438

  
5,299,847
2,640,691

Creditors: amounts falling due within one year
 8 
(442,292)
(440,876)

Net current assets
  
 
 
4,857,555
 
 
2,199,815

Total assets less current liabilities
  
7,304,565
7,674,486

Provisions for liabilities
  

Deferred tax
 9 
-
(562,383)

  
 
 
-
 
 
(562,383)

Net assets
  
7,304,565
7,112,103


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
 11 
7,304,563
7,112,101

  
7,304,565
7,112,103


Page 2

 
Oratorio Developments Limited
Registered number:NI027772

Balance sheet (continued)
As at 30 September 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 comprehensive income 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 26 June 2025.




Mr W O McIlroy
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Oratorio Developments Limited
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

1.


General information

Oratorio Developments Limited is a private company limited by shares and incorporated in Northern Ireland. The address of its registered office is 1st Floor, 10/12 Rosemary Street, Belfast, BT1 1QD.
The principal activity of the company is that of holding of listed investments.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 4

 
Oratorio Developments Limited
 

Notes to the financial statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

 Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

 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.

 
2.9

 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.

Page 5

 
Oratorio Developments Limited
 

Notes to the financial statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.10

 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.

 
2.11

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
a) Recoverability of debtors
Estimates are made in respect of the recoverable value of other debtors. When assessing the level of
provisions required, factors including current trading experience, historical experience and the aging profile
of debtors are considered.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
Oratorio Developments Limited
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 October 2023
5,474,671


Additions
20,300


Disposals
(2,815,300)


Revaluations
(232,661)



At 30 September 2024
2,447,010





6.


Debtors

2024
2023
£
£


Amounts owed by connected companies
1,484,403
1,329,003

Other debtors
346,716
344,250

1,831,119
1,673,253



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,468,728
967,438

3,468,728
967,438



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to connected companies
431,696
431,697

Corporation tax
717
-

Other taxation and social security
3,529
3,629

Accruals and deferred income
6,350
5,550

442,292
440,876


Page 7

 
Oratorio Developments Limited
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
562,383
1,745,130


Charged to profit or loss
(562,383)
(1,182,747)



At end of year
-
562,383

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gains and losses
105,925
(664,287)

Losses and other deductions
(105,915)
101,904

Short term timing differences
10
-

-
562,383


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



11.


Reserves

Profit & loss account

This includes all current period and prior period retained profits and losses.
Included within the profit & loss reserve is undistributable reserves of £430,685 which relates to revaluations on investments net of deferred tax.

Page 8

 
Oratorio Developments Limited
 
 
Notes to the financial statements
For the Year Ended 30 September 2024

12.


Related party transactions

The company had the following related party transactions during the year.
In the year the company had net transactions of £155,400 with companies related by common control. At
the balance sheet date the amount owed by these companies was £1,484,403 (2023 - £1,329,003). The loan is unsecured, interest free and repayble upon demand.
At the balance sheet date the amount owed to companies related by common control was £431,696 (2023 - £431.696). The loan is unsecured, interest free and repayable upon demand.
During the year the company had net transactions with the Director of £2,124. At the balance sheet the amount owed from a director was £296,388 (2023: £294,264). The loan is unsecured, interest free and repayable upon demand.


13.


Controlling party

The ultimate controlling parties are Mr William McIlroy and Mr Frances McIlroy by virtue of their shareholdings in the company.


14.


Comparative information

Some comparative figures have been changed for presentational purposes only. These changes have had no
impact on profit or loss.


Page 9