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REGISTERED NUMBER: SC347317 (Scotland)












Unaudited Financial Statements

for the Year Ended 31 December 2020

for

OES Holdings Limited

OES Holdings Limited (Registered number: SC347317)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OES Holdings Limited

Company Information
for the Year Ended 31 December 2020







DIRECTOR: S Kerr





REGISTERED OFFICE: C/O Alastair Dunn
48 St Vincent Street
BTO
Glasgow
G2 5HS





REGISTERED NUMBER: SC347317 (Scotland)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
c/o Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL

OES Holdings Limited (Registered number: SC347317)

Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Investments 4 639,780 639,780

CREDITORS
Amounts falling due within one year 5 932 472
NET CURRENT LIABILITIES (932 ) (472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,848

639,308

CREDITORS
Amounts falling due after more than one
year

6

783,046

753,656
NET LIABILITIES (144,198 ) (114,348 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (154,198 ) (124,348 )
SHAREHOLDERS' FUNDS (144,198 ) (114,348 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 31 March 2022 and were signed by:





S Kerr - Director


OES Holdings Limited (Registered number: SC347317)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

OES Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about OES Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

OES Holdings Limited (Registered number: SC347317)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2020
and 31 December 2020 639,780
NET BOOK VALUE
At 31 December 2020 639,780
At 31 December 2019 639,780

Cost or valuation at 31 December 2020 is represented by:

Shares in
group
undertakings
£   
Valuation in 2011 546,254
Cost 93,526
639,780

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Other creditors 932 472

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.20 31.12.19
£    £   
Amounts owed to group undertakings 257,751 257,751
Other creditors 525,295 495,905
783,046 753,656

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 525,295 495,905

The long term loan note debt is denominated in Swiss Francs with a capital value of CHF 635,500

7. RELATED PARTY DISCLOSURES

During 2010 the company bought the entire share capital of The Original Eickhorn-Solingen Company Limited for 1,725,000 CHF. This liability has been revised subsequently to reflect the actual amounts paid and the value of the investment in the subsidiary has also been changed accordingly.

OES Holdings Limited (Registered number: SC347317)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

8. ULTIMATE CONTROLLING PARTY

The controlling party was the director, S Kerr.