Objenix Limited - Accounts to registrar (filleted) - small 23.2.5
Objenix Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 30 SEPTEMBER 2023 |
| FOR |
| OBJENIX LIMITED |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| OBJENIX LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 Jesus Lane |
| Cambridge |
| Cambridgeshire |
| CB5 8BA |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| BALANCE SHEET |
| 30 SEPTEMBER 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Investments | 9 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Investments revaluation |
| reserve |
| Investment property revaluation reserve |
| 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. |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
| 1. | STATUTORY INFORMATION |
| Objenix Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from services is recognised when those services are performed. |
| Revenue from rent is recognised for the period the rent covers. |
| Tangible fixed assets |
| Investment property furniture | - |
| Office equipment | - |
| At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
| 3. | ACCOUNTING POLICIES - continued |
| Investments |
| Listed investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account. Unlisted investments are shown at cost. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Investment |
| property | Office |
| furniture | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2022 |
| and 30 September 2023 |
| DEPRECIATION |
| At 1 October 2022 |
| and 30 September 2023 |
| NET BOOK VALUE |
| At 30 September 2023 |
| At 30 September 2022 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 October 2022 |
| Revaluations |
| At 30 September 2023 |
| NET BOOK VALUE |
| At 30 September 2023 |
| At 30 September 2022 |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 30 September 2023 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2018 | 329,131 |
| Valuation in 2019 | (151,507 | ) |
| Valuation in 2020 | (7,100 | ) |
| Valuation in 2021 | 26,353 |
| Valuation in 2022 | (23,077 | ) |
| Valuation in 2023 | 1,346 |
| 175,146 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2022 |
| Revaluations | 98,000 |
| At 30 September 2023 |
| NET BOOK VALUE |
| At 30 September 2023 |
| At 30 September 2022 |
| Fair value at 30 September 2023 is represented by: |
| £ |
| Valuation in 2018 | 438,900 |
| Valuation in 2019 | 18,100 |
| Valuation in 2021 | (7,000 | ) |
| Valuation in 2023 | 98,000 |
| 548,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2023 | 2022 |
| £ | £ |
| Cost | 193,119 | 193,119 |
| The investment properties were valued on a fair value basis on 30 September 2023 by the directors . |
| OBJENIX LIMITED (REGISTERED NUMBER: 03434769) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 9. | CURRENT ASSET INVESTMENTS |
| 2023 | 2022 |
| £ | £ |
| Other investments | 18,728 | 24,825 |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 11. | PROVISIONS FOR LIABILITIES |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 53,934 | 53,678 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2022 |
| Provided during year |
| Charge/(credit) for the year |
| Balance at 30 September 2023 |
| The provision for deferred taxation is made up of accelerated capital allowances. |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary A | £1 | 3 | 3 |
| Ordinary B | £1 | 3 | 3 |
| Ordinary C | £1 | 3 | 3 |
| 9 | 9 |