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Company registration number: 04234861
OSBOURNE STEWART LIMITED
Unaudited filleted financial statements
31 December 2024
Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London, E14 9YQ
OSBOURNE STEWART LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
OSBOURNE STEWART LIMITED
Directors and other information
Directors Mr Tariq Zamir Usmani
Mr Kashif Zamir Usmani
Ms Sharon Kay Osbourne
Company number 04234861
Registered office 50 Havelock Terrace,
London,
United Kingdom
SW8 4AL
Business address 50 Havelock Terrace,
London,
United Kingdom
SW8 4AL
Accountants Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2, Lawn House Close
London
E14 9YQ
Bankers HSBC
1/5 Week Street,
Maidstone,
Kent
ME14 1QW
OSBOURNE STEWART LIMITED
Statement of financial position
31 December 2024
31/12/24 31/12/23
Note £ £ £ £
Current assets
Debtors 5 1,117,864 1,081,692
Cash at bank and in hand 134,024 171,259
_______ _______
1,251,888 1,252,951
Creditors: amounts falling due
within one year 6 ( 241,367) ( 237,718)
_______ _______
Net current assets 1,010,521 1,015,233
_______ _______
Total assets less current liabilities 1,010,521 1,015,233
Creditors: amounts falling due
after more than one year 7 ( 2,721) ( 5,730)
_______ _______
Net assets 1,007,800 1,009,503
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,007,700 1,009,403
_______ _______
Shareholders funds 1,007,800 1,009,503
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:
Mr Tariq Zamir Usmani
Director
Company registration number: 04234861
OSBOURNE STEWART LIMITED
Statement of changes in equity
Year ended 31 December 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2023 100 1,006,870 1,006,970
(Loss)/profit for the year 2,533 2,533
_______ _______ _______
Total comprehensive income for the year - 2,533 2,533
_______ _______ _______
At 31 December 2023 and 1 January 2024 100 1,009,403 1,009,503
(Loss)/profit for the year ( 1,703) ( 1,703)
_______ _______ _______
Total comprehensive income for the year - ( 1,703) ( 1,703)
_______ _______ _______
At 31 December 2024 100 1,007,700 1,007,800
_______ _______ _______
OSBOURNE STEWART LIMITED
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 50 Havelock Terrace,, London,, United Kingdom, SW8 4AL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Debtors
31/12/24 31/12/23
£ £
Other debtors 1,117,864 1,081,692
_______ _______
6. Creditors: amounts falling due within one year
31/12/24 31/12/23
£ £
Bank loans and overdrafts 3,000 3,000
Trade creditors 15,540 14,400
Social security and other taxes 6,802 2,019
Other creditors 216,025 218,299
_______ _______
241,367 237,718
_______ _______
7. Creditors: amounts falling due after more than one year
31/12/24 31/12/23
£ £
Bank loans and overdrafts 2,721 5,730
_______ _______