OESV Limited 13280413 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of Investment Company Digita Accounts Production Advanced 6.30.9574.0 true 13280413 2022-04-01 2023-03-31 13280413 2023-03-31 13280413 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 13280413 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13280413 bus:SmallEntities 2022-04-01 2023-03-31 13280413 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13280413 bus:FullAccounts 2022-04-01 2023-03-31 13280413 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13280413 bus:RegisteredOffice 2022-04-01 2023-03-31 13280413 bus:Director1 2022-04-01 2023-03-31 13280413 bus:Director2 2022-04-01 2023-03-31 13280413 bus:OrdinaryShareClass1 bus:OtherShareType 2022-04-01 2023-03-31 13280413 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13280413 countries:AllCountries 2022-04-01 2023-03-31 13280413 2022-03-31 13280413 2021-03-21 2022-03-31 13280413 2022-03-31 13280413 bus:OrdinaryShareClass1 bus:OtherShareType 2022-03-31 13280413 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13280413

OESV Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

OESV Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

OESV Limited

Company Information

Directors

Mr Robert Day

Mrs Jennifer Susan Day

Registered office

The Mill, Pury Hill Business Park
Alderton Road
Towcester
Northamptonshire
NN12 7LS

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

OESV Limited

(Registration number: 13280413)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

300,000

300,000

Creditors: Amounts falling due within one year

5

(300,620)

(300,620)

Net liabilities

 

(620)

(620)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(720)

(720)

Shareholders' deficit

 

(620)

(620)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:
 

.........................................
Mr Robert Day
Director

 

OESV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Mill, Pury Hill Business Park
Alderton Road
Towcester
Northamptonshire
NN12 7LS
United Kingdom

These financial statements were authorised for issue by the Board on 3 October 2023.

The company registration number is 13280413

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

OESV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 April

300,000

At 31 March

300,000

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

299,900

299,900

Accruals and deferred income

 

720

720

 

300,620

300,620

 

OESV Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100