REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
ORS OVERSEAS RESOURCE SERVICES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
ORS OVERSEAS RESOURCE SERVICES LIMITED |
ORS OVERSEAS RESOURCE SERVICES LIMITED (REGISTERED NUMBER: 08960088) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ORS OVERSEAS RESOURCE SERVICES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Tower |
Daltongate Business Centre |
Daltongate |
Ulverston |
Cumbria |
LA12 7AJ |
BANKERS: |
86-88 Dalton Road |
Barrow in Furness |
Cumbria |
LA14 1JF |
ORS OVERSEAS RESOURCE SERVICES LIMITED (REGISTERED NUMBER: 08960088) |
ABRIDGED BALANCE SHEET |
31 MARCH 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 director and authorised for issue on |
ORS OVERSEAS RESOURCE SERVICES LIMITED (REGISTERED NUMBER: 08960088) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
ORS Overseas Resource Services Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Basic financial instruments |
A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs). |
At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date. |
Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 | 742,608 |
NET BOOK VALUE |
At 31 March 2023 | 742,608 |
At 31 March 2022 | 742,608 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
ORS OVERSEAS RESOURCE SERVICES LIMITED (REGISTERED NUMBER: 08960088) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 31 March 2023 Mr M B Hetherington, a director of the company, had on an unsecured interest free basis advanced £198,522 to the company. |
(Prior year £196,248) |
7. | RELATED PARTY DISCLOSURES |
In a previous accounting period, ORS Overseas Resource Services Limited (the "Company") acquired an interest in ORS Overseas Resource Services (2015) LLP from Tashira Limited. Also in a previous accounting period the Company made an additional capital contribution to the LLP, being its interest in the S.I. R&D LLP to the value of £72,000. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |