REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023 |
FOR |
OVERLID HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023 |
FOR |
OVERLID HOLDINGS LIMITED |
OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 2 |
OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Merger reserve | 7 |
Retained earnings | 7 | ( |
) |
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. |
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 |
OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Overlid Holdings Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Overlid 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 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
The Company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: 368 Forest Road, London, E17 5JF |
Nature of business: |
% |
Class of shares: | holding |
On 24/02/2022, Overlid Holdings Limited became the holding company for Overlid Limited and Reamday Limited. This group reconstruction was accounted for using the merger accounting method as per FRS 102 paragraph 19.27. On 29/03/2022, Overlid Holdings Limited disposed of its investment in Reamday Limited. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 93 |
OVERLID HOLDINGS LIMITED (REGISTERED NUMBER: 13919182) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16 FEBRUARY 2022 TO 31 MARCH 2023 |
7. | RESERVES |
Retained earnings comprise accumulated profits and losses net of dividends since inception. |
The merger reserve reflects the difference between the fair value of the assets acquired and the nominal value of the shares issued when the group was created subsequent to the restructuring of Overlid Holdings Limited. |
8. | RELATED PARTY DISCLOSURES |
The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below: |
2023 |
£ |
Amounts owed by/(to) Group Undertakings - Overlid Limited | (52 | ) |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is J Stephanides. |