OSS Realisations Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11740961 (England and Wales)

OSS REALISATIONS LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

C Reichert

F Biro

SECRETARY:

REGISTERED OFFICE:

Apartment 143

Wellesbourne 137-147 Preston Road

Brighton

East Sussex

BN1 6AW

REGISTERED NUMBER:

11740961 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

3,773

4,472

Investments

5

-

2,631,945

3,773

2,636,417

CURRENT ASSETS

Debtors

6

5,857,706

265,976

Cash at bank

2,025,376

419,936

7,883,082

685,912

CREDITORS

Amounts falling due within one year

7

12,639

3,456,069

NET CURRENT ASSETS/(LIABILITIES)

7,870,443

(2,770,157

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,874,216

(133,740

)

PROVISIONS FOR LIABILITIES

717

-

NET ASSETS/(LIABILITIES)

7,873,499

(133,740

)

CAPITAL AND RESERVES

Called up share capital

120

Retained earnings

8

7,873,379

(133,860

)

SHAREHOLDERS' FUNDS

7,873,499

(133,740

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2026 and were signed on its behalf by:

F Biro - Director

1.	STATUTORY INFORMATION

OSS Realisations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2023

622

4,336

4,958

Additions

742

317

1,059

At 31 March 2024

1,364

4,653

6,017

DEPRECIATION

At 1 April 2023

57

429

486

Charge for year

207

1,551

1,758

At 31 March 2024

264

1,980

2,244

NET BOOK VALUE

At 31 March 2024

1,100

2,673

3,773

At 31 March 2023

565

3,907

4,472

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2023

2,631,945

Disposals

(2,631,945

)

At 31 March 2024

-

NET BOOK VALUE

At 31 March 2024

-

At 31 March 2023

2,631,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

as restated

£

Trade debtors

-

240,315

Other debtors

5,857,706

25,661

5,857,706

265,976

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

as restated

£

Bank loans and overdrafts

246

-

Trade creditors

4,893

730,349

Other creditors

7,500

2,725,720

12,639

3,456,069

8.

RESERVES

Retained

earnings

£

At 1 April 2023

(38,792

)

Prior year adjustment

(95,068

)

(133,860

)

Profit for the year

8,007,239

At 31 March 2024

7,873,379

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24

31.3.23

as restated

£

C S Cooke

Balance outstanding at start of year

-

Amounts advanced

2,821,216

473

Amounts repaid

(209,894

)

(473

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,611,322

-

J Debiec

Balance outstanding at start of year

-

Amounts advanced

2,516,319

40

Amounts repaid

(3,329

)

(40

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,512,990

-

The outstanding amounts advanced as at the year-end were cleared on 22 November 2024.

10.	PRIOR YEAR ADJUSTMENT - BALANCE SHEET

During the current financial year, the company identified misstatements relating to the prior period financial statements. The carrying value of investments was understated by £777,709 and liabilities relating to deferred payments were understated by £872,778.

These items have been corrected by retrospectively restating the comparative figures for the prior year. the net effect of these adjustments is a reduction of £95,069 in the opening brought forward Profit and Loss reserves.

The changes to individual line items within the prior period financial statements are summarised below:

Balance Sheet Item

As Previously Reported (£

)

Adjustment (£

)

As restated (£

)

Investments

1,854,235

777,709

2,631,945

Other Creditors

(1,852,942

)

(872,778

)

(2,725,720

)

Net Liabilities

(38,671

)

(95,069

)

(133,740

)

P&L Reserves B/F

(38,791

)

(95,069

)

(133,860

)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OSS Realisations Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of OSS Realisations Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OSS Realisations Limited and state those matters that we have agreed to state to the Board of Directors of OSS Realisations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OSS Realisations Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that OSS Realisations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of OSS Realisations Limited. You consider that OSS Realisations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of OSS Realisations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

22 October 2026