IRIS Accounts Production v25.1.4.42 11942110 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119421102023-10-31119421102024-10-31119421102023-11-012024-10-31119421102022-10-31119421102022-11-012023-10-31119421102023-10-3111942110ns15:EnglandWales2023-11-012024-10-3111942110ns14:PoundSterling2023-11-012024-10-3111942110ns10:Director12023-11-012024-10-3111942110ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3111942110ns10:SmallEntities2023-11-012024-10-3111942110ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3111942110ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3111942110ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3111942110ns10:FullAccounts2023-11-012024-10-3111942110ns10:Director22023-11-012024-10-3111942110ns10:Director32023-11-012024-10-3111942110ns10:Director42023-11-012024-10-3111942110ns10:RegisteredOffice2023-11-012024-10-3111942110ns5:CurrentFinancialInstruments2024-10-3111942110ns5:CurrentFinancialInstruments2023-10-3111942110ns5:ShareCapital2024-10-3111942110ns5:ShareCapital2023-10-3111942110ns5:SharePremium2024-10-3111942110ns5:SharePremium2023-10-3111942110ns5:RetainedEarningsAccumulatedLosses2024-10-3111942110ns5:RetainedEarningsAccumulatedLosses2023-10-3111942110ns5:CostValuation2023-10-3111942110ns5:AdditionsToInvestments2024-10-3111942110ns5:CostValuation2024-10-3111942110ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3111942110ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111942110ns5:CurrentFinancialInstruments2023-11-012024-10-31
REGISTERED NUMBER: 11942110 (England and Wales)












OBRENZA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024






OBRENZA LTD (REGISTERED NUMBER: 11942110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

OBRENZA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: G M Clemow
B D Foss
P T Goodwin
S N Manning





REGISTERED OFFICE: W2 Business Centre
Wellington House (First Floor)
Wellington Street
Cardiff
CF11 9BE





REGISTERED NUMBER: 11942110 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

OBRENZA LTD (REGISTERED NUMBER: 11942110)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50,950 50,100

CURRENT ASSETS
Stocks - 58,735
Debtors 5 17,268 10,870
Cash at bank 194,141 711,915
211,409 781,520
CREDITORS
Amounts falling due within one year 6 24,237 75,260
NET CURRENT ASSETS 187,172 706,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,122

756,360

CAPITAL AND RESERVES
Called up share capital 148 148
Share premium 1,263,869 1,263,869
Retained earnings (1,025,895 ) (507,657 )
238,122 756,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





G M Clemow - Director


OBRENZA LTD (REGISTERED NUMBER: 11942110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Obrenza Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Going concern
The directors have considered the appropriateness of adopting the going concern basis in preparing the financial statements. The company has incurred recurring losses during the financial year and is currently reliant on the continued financial support of its shareholders to meet its obligations as they fall due.

The shareholders have indicated their intention to provide further funding as required. Based on this support, and after reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised in a manner that reflects the transfer of goods or services to customers and is generated by creating different software's for customers.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

OBRENZA LTD (REGISTERED NUMBER: 11942110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within
one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Creditors
Short term trade 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.

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.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

OBRENZA LTD (REGISTERED NUMBER: 11942110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023 50,100
Additions 850
At 31 October 2024 50,950
NET BOOK VALUE
At 31 October 2024 50,950
At 31 October 2023 50,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,268 10,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 301 24,615
Other creditors 23,936 50,645
24,237 75,260

Included in creditors is an amount of £17,633 (2023: £43,500) owed to the directors. There is no interest charged on this loan and it is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OBRENZA LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Obrenza Ltd for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Obrenza Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Obrenza Ltd and state those matters that we have agreed to state to the Board of Directors of Obrenza Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Obrenza Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Obrenza Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Obrenza Ltd. You consider that Obrenza Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Obrenza Ltd. 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.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


29 July 2025