Octocomms Limited - Filleted accounts

Registered number

NI689802

Octocomms Limited

Filleted Accounts

31 March 2025

Octocomms Limited
Registered number:		NI689802
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		579,795			579,795

Current assets
Debtors	4	110,335			30,335
Cash at bank and in hand		2,693			1,367
		113,028			31,702

Creditors: amounts falling due within one year	5	(555,709)			(486,934)

Net current liabilities			(442,681)			(455,232)

Total assets less current liabilities			137,114			124,563

Creditors: amounts falling due after more than one year	6		(96,442)			(165,917)



Net assets/(liabilities)			40,672			(41,354)

Capital and reserves
Called up share capital			100			100
Profit and loss account			40,572			(41,454)

Shareholders' funds			40,672			(41,354)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Oliver Donnelly
Director
Approved by the board on 23 December 2025

Octocomms Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Investments
Investments in			Investments
subsidiary			in joint
undertakings			ventures		Total
£			£		£
	Cost
	At 1 April 2024	579,745		50		579,795

	At 31 March 2025	579,745		50		579,795


4	Debtors			2025		2024
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			105,330		30,330
	Other debtors			5,005		5
				110,335		30,335


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			64,564		60,889
	Trade creditors			600		600
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			212,315		127,215
	Other creditors			278,230		298,230
				555,709		486,934


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			96,442		165,917


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			161,006		226,806

	The loan is secured against the underlying shares in investments held by the company.


8	Other information

	Octocomms Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	The Granary
	39 Charlemont Street, Moy
	Dungannon
	BT71 7SL