Octo 1 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11266978 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 21 MARCH 2018 TO 30 APRIL 2019

FOR

OCTO 1 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Christou

L. Hadjiioannou

REGISTERED OFFICE:

6th Floor Charles House

108-110 Finchley Road

London

NW3 5JJ

REGISTERED NUMBER:

11266978 (England and Wales)

AUDITORS:

Numera Partners LLP

Statutory Auditors

6th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

FIXED ASSETS

Investments

3

100

CURRENT ASSETS

Debtors

4

36,000

CREDITORS

Amounts falling due within one year

5

36,000

NET CURRENT LIABILITIES

-

TOTAL ASSETS LESS CURRENT LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

100

100

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 on 18 December 2019 and were signed on its behalf by:

L. Hadjiioannou - Director

1.	STATUTORY INFORMATION

Octo 1 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.

Taxation

Taxation for the period 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 period 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.

Related parties

The company has taken advantage of FRS 102, Section 1AC.35, for the disclosure of transactions entered into between two

or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a

member. Amounts owed to and from group companies are therefore shown in aggregate.

Fixed asset investments

Investments in subsidiaries are included at cost less impairment.

Financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including loans from group companies 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.

Financial assets

Short term debtors are measured at transaction price, less any impairment. Other financial assets, including loans to group

companies are measured initially at fair value, net of transactions costs and are subsequently measured at amortised cost

using the effective interest method, less any impairment.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has

adequate resources to continue in operational existence for the foreseeable future. The company, therefore continues to adopt

the going concern policy in preparing its financial statements.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 21 March 2018

and 30 April 2019

100

NET BOOK VALUE

At 30 April 2019

100

At 20 March 2018

100

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

36,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

36,000

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Giles Cohen (Senior Statutory Auditor)

for and on behalf of Numera Partners LLP