OCTEVO HOUSING SOLUTIONS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10385935 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

OCTEVO HOUSING SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Robert Macmaster

REGISTERED OFFICE:

SUITE 4102 CHARLOTTE HOUSE

QUEENS DOCK BUSINESS CENTRE

67-83 NORFOLK STREET

LIVERPOOL

Merseyside

L1 0BG

REGISTERED NUMBER:

10385935 (England and Wales)

ACCOUNTANTS:

DBS Corporate Accountants

Suite 4102, Charlotte House

Queens Dock Business Centre

67-83 Norfolk Street

Liverpool

Merseyside

L1 0BG

FIXED ASSETS

Tangible assets

4

7,550,000

1,235,090

CURRENT ASSETS

Debtors

5

2,883,271

168,947

Cash at bank

273,582

137,783

3,156,853

306,730

CREDITORS

Amounts falling due within one year

6

5,860,801

1,114,965

NET CURRENT LIABILITIES

(2,703,948

)

(808,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,846,052

426,855

PROVISIONS FOR LIABILITIES

835,062

-

NET ASSETS

4,010,990

426,855

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,010,890

426,755

4,010,990

426,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 December 2020 and were signed by:

Mr Robert Macmaster - Director

1.	STATUTORY INFORMATION

OCTEVO HOUSING SOLUTIONS 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.

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 as modified by the revaluation of certain assets.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 October 2019

1,235,090

Additions

3,154,935

Disposals

(677,026

)

Revaluations

3,837,001

At 30 September 2020

7,550,000

NET BOOK VALUE

At 30 September 2020

7,550,000

At 30 September 2019

1,235,090

Cost or valuation at 30 September 2020 is represented by:

Land and

buildings

£

Valuation in 2019

1,235,090

Valuation in 2020

6,314,910

7,550,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

30,000

30,000

Other debtors

2,853,271

138,947

2,883,271

168,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

-

210,000

Taxation and social security

139,508

-

Other creditors

5,721,293

904,965

5,860,801

1,114,965