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Unaudited Financial Statements
Project Osprey Capital Limited
For the period ended 31 October 2025
Registered number: 15747847
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Project Osprey Capital Limited
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Company Information
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Scott Benjamin Bennett (appointed 22 December 2025)
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Peter James Burnside (appointed 29 May 2024)
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Vincent Corrigan (appointed 29 May 2024, resigned 22 December 2025)
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Project Osprey Capital Limited
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Contents
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Statement of Changes in Equity
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Notes to the Financial Statements
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Project Osprey Capital Limited
Registered number:15747847
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Balance Sheet
As at 31 October 2025
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Debtors: amounts falling due within one year
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Total assets less current liabilities
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The director considers 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 year 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 on 26 May 2026.
The notes on pages 3 to 5 form part of these financial statements.
Page 1
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Project Osprey Capital Limited
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Statement of Changes in Equity
For the period ended 31 October 2025
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Dividends: Equity capital
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Shares issued during the period
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The notes on pages 3 to 5 form part of these financial statements.
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Page 2
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Project Osprey Capital Limited
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Notes to the Financial Statements
For the period ended 31 October 2025
Project Osprey Capital Limited is a private company limited by shares and incorporated in Northern Ireland. The registered office is St Andrew's House, Portsmouth Road, Esher, Surrey, United Kingdom, KT10 9TA.
The principal activity of the company is that of a holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statement have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statement in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The financial statements are presented in Sterling (£).
The following principal accounting policies have been applied:
The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.
These financial statements contain information about the Company as an individual and do not contain consolidated financial information as the parent undertaking of a group. The Company has taken advantage of exemptions available to small groups not to prepare consolidated financial statements.
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 3
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Project Osprey Capital Limited
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Notes to the Financial Statements
For the period ended 31 October 2025
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Judgements in applying accounting policies and key sources of estimation uncertainty
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Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
a) Carrying value of investments
Investment in subsidiary undertakings is measured at cost less accumulated impairment. Where there is an indication of impairment the recoverable amount is estimated and compared with the carrying amount. The estimate of recoverable amount is considered in light of the trading and balance sheet strength of the subsidiary together with the director's best estimate of future performance of the subsidiary.
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The Company has no employees other than the directors, who did not receive any remuneration.
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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Keltbray (BE) Holdings Limited
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St. Andrews House, Portsmouth Road, Esher, Surrey, England, KT10 9TA
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Page 4
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Project Osprey Capital Limited
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Notes to the Financial Statements
For the period ended 31 October 2025
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Allotted, called up and fully paid
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21,900,000 A Ordinary shares of £1.00000 each
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17,600,000 B Ordinary shares of £1.00000 each
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500,000 C Ordinary shares of £1.00000 each
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On incorporation, the Company issued 1 ordinary share with a nominal value of £0.00001.
On 14 June 2024, the Company issued a further 99,999 ordinary shares of £0.00001 each, which were subsequently consolidated with the share issued on incorporation to form 1 ordinary share with a nominal value of £1.00.
On 21 June 2024, the Company issued a further 39,999,999 ordinary shares with a nominal value of £1 each.
On 4 June 2025, the Company redesignated its 40,000,000 ordinary shares into 21,900,000 A ordinary shares, 17,600,000 B ordinary shares and 500,000 C ordinary shares.
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Related party transactions
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The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.
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The ultimate controlling party is B Kerr, the majority shareholder of Project Osprey Capital Limited.
Page 5
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