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Company No: 15032213 (England and Wales)

OUSEBANK LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

OUSEBANK LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

OUSEBANK LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2025
OUSEBANK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025
DIRECTORS Sam Colley (Resigned 03 July 2024)
Max Colley
James Shipley
REGISTERED OFFICE United Kingdom
COMPANY NUMBER 15032213 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
OUSEBANK LIMITED

BALANCE SHEET

As at 31 May 2025
OUSEBANK LIMITED

BALANCE SHEET (continued)

As at 31 May 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 9,647 4,415
9,647 4,415
Current assets
Debtors 4 21,173 1,763
Cash at bank and in hand 5 11,486 896
32,659 2,659
Creditors: amounts falling due within one year 6 ( 41,619) ( 11,957)
Net current liabilities (8,960) (9,298)
Total assets less current liabilities 687 (4,883)
Net assets/(liabilities) 687 ( 4,883)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 587 ( 4,983 )
Total shareholders' funds/(deficit) 687 ( 4,883)

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ousebank Limited (registered number: 15032213) were approved and authorised for issue by the Board of Directors on 04 July 2025. They were signed on its behalf by:

James Shipley
Director
OUSEBANK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
OUSEBANK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ousebank Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line
Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 June 2024 0 4,730 4,730
Additions 800 7,000 7,800
At 31 May 2025 800 11,730 12,530
Accumulated depreciation
At 01 June 2024 0 315 315
Charge for the financial year 222 2,346 2,568
At 31 May 2025 222 2,661 2,883
Net book value
At 31 May 2025 578 9,069 9,647
At 31 May 2024 0 4,415 4,415

4. Debtors

2025 2024
£ £
Trade debtors 18,012 0
Other debtors 3,161 1,763
21,173 1,763

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 11,486 896

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 4,328 8,539
Taxation and social security 17,087 0
Other creditors 20,204 3,418
41,619 11,957

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100