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Registered number: 09916380
Octavius Finance Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
64 Southwark Bridge Road
London
SE1 0AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09916380
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,607 27,187
19,607 27,187
CURRENT ASSETS
Debtors 5 297,975 268,663
Cash at bank and in hand 4,825 29,576
302,800 298,239
Creditors: Amounts Falling Due Within One Year 6 (266,499 ) (301,169 )
NET CURRENT ASSETS (LIABILITIES) 36,301 (2,930 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,908 24,257
Creditors: Amounts Falling Due After More Than One Year 7 (55,834 ) (24,167 )
NET ASSETS 74 90
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 73 89
SHAREHOLDERS' FUNDS 74 90
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Natalie Basiratpour
Director
22 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Octavius Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09916380 . The registered office is Regus, Tower 42, 25 Old Broad Street, London, EC2N 1HN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Fixtures & Fittings 25% RBM
Computer Equipment 25% RBM
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 29,573 32,217 61,790
Additions 960 1,698 2,658
Disposals (919 ) - (919 )
As at 31 December 2024 29,614 33,915 63,529
Depreciation
As at 1 January 2024 14,152 20,451 34,603
Provided during the period 5,154 4,488 9,642
Disposals (323 ) - (323 )
As at 31 December 2024 18,983 24,939 43,922
Net Book Value
As at 31 December 2024 10,631 8,976 19,607
As at 1 January 2024 15,421 11,766 27,187
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,922 9,399
Prepayments and accrued income - 7,635
Other debtors - Rent Deposit 23,633 23,633
Director's loan account 220,420 227,996
297,975 268,663
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,698 121,156
Bank loans and overdrafts 38,331 43,002
Corporation tax 36,281 38,071
P.A.Y.E. control account 53,845 22,899
VAT 31,719 53,154
Credit Card balance 8,010 15,438
Pension 775 2,363
Barclay Credit Card 5,920 5,471
Iwoca Loan 14,771 (1,500 )
NSSL Holding Ltd - Loan 59,883 -
Accruals and deferred income 1,266 1,115
266,499 301,169
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,167 24,167
Funding Circle loan 41,667 -
55,834 24,167
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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