REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
Okhi Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
Okhi Limited |
Okhi Limited (Registered number: 09219142) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Balance Sheet | 1 |
Okhi Limited (Registered number: 09219142) |
Balance Sheet |
31 December 2022 |
2022 | 2021 |
as restated |
$ | $ | $ | $ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Okhi Limited is a |
Registered number: |
Registered office: |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2021 - NIL). |
3. | OTHER FINANCIAL COMMITMENTS |
The company issued convertible equity loans during the year totalling $545,500. The proceeds of the loans have been allocated between equity and other creditors due under 1 year. |
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that the convertible loan notes are expected to convert into equity in the foreseeable future. |
4. | PRIOR YEAR ADJUSTMENT |
In the year it was identified that $215,000 worth of professional fees were incurred in 2020, at this time an additional $2,657 of transaction fees were noted as omitted from the 2021 accounts. |
Both values should have been used to increased the balance of convertible loan notes payable in the respective years. |
As such interest on these values has been calculated and included as appropriate. |
Okhi Limited (Registered number: 09219142) |
Balance Sheet - continued |
31 December 2022 |
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 were approved by the director and authorised for issue on |