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REGISTERED NUMBER: 07585229 (England and Wales)















O'BRIEN DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






O'BRIEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07585229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


O'BRIEN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P N O'Brien





REGISTERED OFFICE: Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ





REGISTERED NUMBER: 07585229 (England and Wales)





AUDITORS: Murphy Salisbury Limited
Chartered Accountants and Statutory Auditors
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

O'BRIEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07585229)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks and work in progress 3,602,527 2,211,999
Debtors 4 2,277,661 2,243,567
Cash at bank 155,455 28,042
6,035,643 4,483,608
CREDITORS
Amounts falling due within one year 5 5,948,279 4,381,291
NET CURRENT ASSETS 87,364 102,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,364

102,317

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 87,363 102,316
SHAREHOLDERS' FUNDS 87,364 102,317

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 3 November 2023 and were signed by:





P N O'Brien - Director


O'BRIEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07585229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

O'Brien Developments Limited is a private company, limited by shares , registered in England and Wales. 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.

Basis of preparing the financial statements
These financial statements have been prepared on a going concern basis, under the historical cost convention.

Functional currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements have been rounded to the neared £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

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 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

O'BRIEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07585229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 136
Amounts owed by group undertakings 605,338 607,131
Amounts due from related
companies 1,651,741 1,631,741
VAT 20,582 4,559
2,277,661 2,243,567

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,623 15,500
Amounts owed to group undertakings 5,895,653 4,338,907
Taxation - 279
Social security and other taxes 5,653 3,256
Other creditors 10,350 -
Accruals 6,000 23,349
5,948,279 4,381,291

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Bullock FCA (Senior Statutory Auditor)
for and on behalf of Murphy Salisbury Limited

7. CONTINGENT LIABILITIES

On 22 December 2022, the company entered into a performance guarantee bond in favour of Warwickshire County Council of £25,209.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

O'BRIEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07585229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RELATED PARTY DISCLOSURES - continued

The following companies are related by virtue of common control by the directors.


2023 2023 2022 2022
Profit Profit
& Loss Balance & Loss Balance
Income / Sheet Asset / Income / Sheet Asset /
(Expense £ ) (Liability £ ) (Expense £ ) (Liability £ )

O'Brien Contractors Limited (986,577 ) (911,746 ) - 1,793
O'Brien Developments Dartmouth Waterside
Limited

-

1,588,764

-

1,568,764
Southam Developments Limited - 62,977 - 62,715

The following companies are related by virtue of common control by the directors.

9. ULTIMATE CONTROLLING PARTY

O'Brien Developments Limited is a 100% subsidiary of O'Brien (Group) Limited, which is the immediate parent company, whose registered office is Celixir House, Stratford Business and Technology Park, Stratford-Upon-Avon, Warwickshire, CV37 7GZ.

The parent undertaking for which group accounts are prepared for the year ended 31 March 2023 is O'Brien Holdings 2020 Limited whose registered office is Manor Cottage, Church Lane, Cubbington, Leamington Spa, United Kingdom, CV32 7JT.