Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06985583 Mr J Bethray Mrs A Freeman Mr J Bethray & Mrs A Freeman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06985583 2024-03-31 06985583 2025-03-31 06985583 2024-04-01 2025-03-31 06985583 frs-core:CurrentFinancialInstruments 2025-03-31 06985583 frs-core:MotorVehicles 2025-03-31 06985583 frs-core:MotorVehicles 2024-04-01 2025-03-31 06985583 frs-core:MotorVehicles 2024-03-31 06985583 frs-core:ShareCapital 2025-03-31 06985583 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06985583 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06985583 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06985583 frs-bus:SmallEntities 2024-04-01 2025-03-31 06985583 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06985583 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06985583 1 2024-04-01 2025-03-31 06985583 frs-bus:Director1 2024-04-01 2025-03-31 06985583 frs-bus:Director2 2024-04-01 2025-03-31 06985583 frs-countries:EnglandWales 2024-04-01 2025-03-31 06985583 2023-03-31 06985583 2024-03-31 06985583 2023-04-01 2024-03-31 06985583 frs-core:CurrentFinancialInstruments 2024-03-31 06985583 frs-core:ShareCapital 2024-03-31 06985583 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06985583
OMBS Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Richards Associates Limited
North Lodge Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06985583
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,500 8,500
Investment Properties 5 2,100,000 2,100,000
2,105,500 2,108,500
CURRENT ASSETS
Debtors 6 1,030 610
Cash at bank and in hand 25,460 36,758
26,490 37,368
Creditors: Amounts Falling Due Within One Year 7 (212,900 ) (233,470 )
NET CURRENT ASSETS (LIABILITIES) (186,410 ) (196,102 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,919,090 1,912,398
NET ASSETS 1,919,090 1,912,398
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,918,990 1,912,298
SHAREHOLDERS' FUNDS 1,919,090 1,912,398
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For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Bethray
Director
18 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
OMBS Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06985583 . The registered office is 7 Tackley Place, Oxford, OX2 6RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% - on cost
2.4. Investment Properties
The investment properties are shown in the accounts at cost which the directors believe are not materially different to their market value. As such the directors have not revalued these properties this year.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Depreciation
As at 1 April 2024 6,500
Provided during the period 3,000
As at 31 March 2025 9,500
Net Book Value
As at 31 March 2025 5,500
As at 1 April 2024 8,500
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 2,100,000
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6. Debtors
2025 2024
£ £
Due within one year
Other debtors 1,030 610
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,235
Other creditors 210,066 222,292
Taxation and social security 2,834 8,943
212,900 233,470
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year rent totalling £30,000 (2024 - £53,500) was received from OMBS Limited, a company under common directorship. Rents are received at arms length and under normal commercial terms.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Bethray & Mrs A Freeman by virtue of thier ownership of 100% of the issued share capital in the company.
11. Working capital deficit
Current liabilities exceed current assets, however, the directors are confident the company is able to meet its liabilities as they fall due.
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