THE OWL CENTRE LIMITED

Company Registration Number:
07880303 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

THE OWL CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

THE OWL CENTRE LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 439,076 444,070
Tangible assets: 4 12,675 4,600
Total fixed assets: 451,751 448,670
Current assets
Debtors:   842,475 167,944
Cash at bank and in hand: 864,235 200,896
Total current assets: 1,706,710 368,840
Creditors: amounts falling due within one year: 5 (1,024,378) (191,098)
Net current assets (liabilities): 682,332 177,742
Total assets less current liabilities: 1,134,083 626,412
Creditors: amounts falling due after more than one year: 6 (25,291) (35,822)
Provision for liabilities: (2,600) (874)
Total net assets (liabilities): 1,106,192 589,716
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,106,092 589,616
Shareholders funds: 1,106,192 589,716

The notes form part of these financial statements

THE OWL CENTRE LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 October 2023
and signed on behalf of the board by:

Name: Nicola Sonya Lathey
Status: Director

The notes form part of these financial statements

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 20 7

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 500,535
Additions 176,856
At 31 December 2022 677,391
Amortisation
At 01 January 2022 56,465
Charge for year 181,850
At 31 December 2022 238,315
Net book value
At 31 December 2022 439,076
At 31 December 2021 444,070

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 9,141
Additions 10,490
At 31 December 2022 19,631
Depreciation
At 01 January 2022 4,541
Charge for year 2,415
At 31 December 2022 6,956
Net book value
At 31 December 2022 12,675
At 31 December 2021 4,600

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

AMOUNTS FALLING DUE WITHIN ONE YEAR Year 2022 2021UK Corporation Tax 138989 28032PAYE Control account 45027 29444Salaries and wages control account 56000 7770Directors current account 812 813Directors current account 29 0Bounce back loan 10750 11250Payments received on account 353800 0Trade creditors 406944 104970Other creditors 4815 3575Pension schemes 4612 2844Accruals 2600 2400Totals 1024378 191098

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

Year 2022 2021Bounce Back Loan 25291 35822

THE OWL CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Related party transactions

22 TRANSACTIONS WITH DIRECTORSDuring the accounting period the directors, Mr D R Lathey, Mrs N S Lathey and Mr P J Lathey lent money to the company. On the first day of the accounting period on 1 January 2022 the balance due to the directors amounted to £813 and at the end of the financial period on 31 December 2022 the amount owed by the company amounted to £841.