ACCOUNTS - Final Accounts preparation

Registered number: 15313012

OCCIPITAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

OCCIPITAL LIMITED

REGISTERED NUMBER: 15313012

BALANCE SHEET

AS AT 31 AUGUST 2024

		2024
Note		£

Fixed assets
Investments	4		100
Current assets
Debtors: amounts falling due within one year		300,000
		300,000
Creditors: amounts falling due within one year	6	(1,775)
Net current assets			298,225

Net assets			298,325

Capital and reserves
Called up share capital	7	100
Share premium account	8	299,975
Profit and loss account		(1,750)
		298,325

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N Lalvani	M Roberts
Director	Director

Date: 29 October 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 1

OCCIPITAL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 AUGUST 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
Comprehensive income for the period
Loss for the period	-	-	(1,750)	(1,750)
Contributions by and distributions to owners
Shares issued during the period	100	299,975	-	300,075
At 31 August 2024	100	299,975	(1,750)	298,325

The notes on pages 3 to 5 form part of these financial statements.

Page 2

OCCIPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2024

1.	General information

Occipital Limited is a private company, limited by shares and incorporated in England and Wales. The address of its registered office is 230 Gladwin Tower, 50 Wandsworth Road, London, SW8 2FU.
The functional and presentational currency of the company is pounds sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and the group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Investment in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Where there is an indication that the investment has been impaired, the carrying amount is assessed and written down immediately to its recoverable amount.
Dividends received from subsidiaries are recognised in the profit and loss account when the right to receive payment is established.

2.4

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.

2.5

Creditors

Short-term creditors are measured at the transaction price.

2.6

Dividends payable

Dividends are recognised as a liability in the financial statements in the period in which they are approved by the shareholders.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3

OCCIPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	Additions	100
	At 31 August 2024	100

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Country of incorporation	Principal activity	Class of shares	Holding

MRXL Limited

England & Wales

Personal Training

Ordinary

100%

Debtors

					2024
					£


	Amounts owed by group undertakings	293,713
	Prepayments and accrued income	6,287
		300,000

6.	Creditors: Amounts falling due within one year
		2024
		£

	Other creditors	25
	Accruals and deferred income	1,750
		1,775

7.	Share capital
		2024
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1 each	100

Page 4

OCCIPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2024

7.Share capital (continued)

During the period, the company issued 100 Ordinary shares of £1 each. Of these 75 shares were issued at a price of £1 each and 25 shares were issued at a price of £12,000 per share, resulting in total proceeds of £300,075.

8.	Share premium

The excess of the issue price over the nominal value, amounting to £299,975, has been credited to the Share Premium Account.

9.	Related party transactions
	At the balance sheet date the balance due to the directors was £25.

10.	Post balance sheet events
	Subsequent to the balance sheet date, on 19 September 2024, the company entered into an operating lease agreement. Under this agreement, effective from 19 September 2024, the company is committed to making future minimum lease payments under non-cancellable operating leases for the following periods:-
		2024
		£

	No later than 1 year	266,000
	Later than 1 year and not later than 5 years	1,064,000
	Later than 5 years	2,527,000
		3,857,000

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