Otium Lake Ltd - Accounts to registrar (filleted) - small 18.2
Otium Lake Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2020 to 30 June 2021 |
for |
OTIUM LAKE LTD |
OTIUM LAKE LTD (REGISTERED NUMBER: 10548665) |
Contents of the Financial Statements |
FOR THE PERIOD 1 JANUARY 2020 TO 30 JUNE 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
OTIUM LAKE LTD |
Company Information |
FOR THE PERIOD 1 JANUARY 2020 TO 30 JUNE 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Barn |
Off Wood Street |
Swanley Village |
Kent |
BR8 7PA |
OTIUM LAKE LTD (REGISTERED NUMBER: 10548665) |
Balance Sheet |
30 JUNE 2021 |
2021 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
OTIUM LAKE LTD (REGISTERED NUMBER: 10548665) |
Balance Sheet - continued |
30 JUNE 2021 |
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 |
OTIUM LAKE LTD (REGISTERED NUMBER: 10548665) |
Notes to the Financial Statements |
FOR THE PERIOD 1 JANUARY 2020 TO 30 JUNE 2021 |
1. | STATUTORY INFORMATION |
Otium Lake Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2019 - NIL). |
OTIUM LAKE LTD (REGISTERED NUMBER: 10548665) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 JANUARY 2020 TO 30 JUNE 2021 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 June 2021 |
DEPRECIATION |
Charge for period |
At 30 June 2021 |
NET BOOK VALUE |
At 30 June 2021 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2020 |
Additions |
At 30 June 2021 |
NET BOOK VALUE |
At 30 June 2021 |
At 31 December 2019 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2019 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2019 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
OTIUM LAKE LTD (REGISTERED NUMBER: 10548665) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 1 JANUARY 2020 TO 30 JUNE 2021 |
8. | RELATED PARTY DISCLOSURES |
Included in the Other Debtors is an amount of £7,385 owed by Riverwood Homes (Kent) Ltd, a company under the control of the director Mr M Wood. No repayments terms have been set and no interest is to be charged. |
Included in the Other Debtors is an amount of £100 owed by HiBau Ltd, a company under the control of the director Mr D South. No repayments terms have been set and no interest is to be charged. |
Included in the Other Creditors are the following amounts owed to the following companies, both of which are under the control of the director Mr M Wood. No repayments terms have been set and no interest is to be charged. |
- Riverwood (Pluckley) Ltd - £100 |
- Riverwood Consultancy Ltd - £2 |
Included in the Other Creditors are the following amounts owed to the following companies, both of which are under the control of the director Mr D South. No repayments terms have been set and no interest is to be charged. |
- HiBau Group Ltd - £89,274 |
- HiBau Living Ltd - £24,543 |
Included in the Other Creditors is an amount of £1,075,725 owed to Bauvill Ltd, a company under the control of the director Mr D South. No repayments terms have been set and no interest is to be charged. |