REGISTERED NUMBER: |
O'BRIEN (GROUP) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
REGISTERED NUMBER: |
O'BRIEN (GROUP) LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
O'BRIEN (GROUP) LIMITED (REGISTERED NUMBER: 07584769) |
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 (GROUP) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditors |
Celixir House |
Stratford Business and Technology Park |
Stratford-upon-Avon |
Warwickshire |
CV37 7GZ |
O'BRIEN (GROUP) LIMITED (REGISTERED NUMBER: 07584769) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
O'BRIEN (GROUP) LIMITED (REGISTERED NUMBER: 07584769) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
O'Brien (Group) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Basis of preparing the financial statements |
These financial statements have been prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets. |
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 £. |
Preparation of consolidated financial statements |
The financial statements contain information about O'Brien (Group) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, O'Brien Holdings 2020 Limited, Manor Cottage, Church Lane, Cubbington, Leamington Spa, United Kingdom, CV32 7JT. |
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 Statement of Income and Retained Earnings, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
O'BRIEN (GROUP) LIMITED (REGISTERED NUMBER: 07584769) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2022 | 5,186,199 |
Additions | 242,015 |
Disposals | ( |
) | (2,694,298 | ) |
Revaluations | ( |
) | (161,720 | ) |
At 31 March 2023 | 2,572,196 |
NET BOOK VALUE |
At 31 March 2023 | 2,572,196 |
At 31 March 2022 | 5,186,199 |
Cost or valuation at 31 March 2023 is represented by: |
Shares in |
group |
undertakings |
£ |
Cost | 2,572,196 |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: Manor Cottage, Church Lane, Cubbington, Leamington Spa, CV32 7JT |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: Celixir House,Stratford Business & Technology Park,Stratford-upon-Avon, Warwickshire, CV37 7GZ |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
(Loss)/profit for the year | ( |
) |
O'BRIEN (GROUP) LIMITED (REGISTERED NUMBER: 07584769) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: Celixir House,Stratford Business & Technology Park,Stratford-upon-Avon, Warwickshire, CV37 7GZ |
Nature of business: |
% |
Class of shares: | holding |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Amounts owed by related |
companies | 1,341,087 | 1,226,087 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation |
Accruals | 4,948 | 4,948 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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 (GROUP) LIMITED (REGISTERED NUMBER: 07584769) |
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 | - | 339,371 | - | 284,795 |
O'Brien Developments Dartmouth Waterside Limited |
- |
410,000 |
- |
380,000 |
Southam Developments Limited | - | 931,087 | - | 846,087 |
The following companies are related by virtue of common control by the directors. |
9. | ULTIMATE CONTROLLING PARTY |
O'Brien Holdings 2020 Limited is the immediate parent company by virtue of owning 100% of the company's share capital. |
The ultimate parent undertaking and controlling entity is O'Brien Holdings 2020 Limited, a company registered in England and Wales. Copies of the group financial statements are available from Manor Cottage, Church Lane, Cubbington, Leamington Spa, CV32 7JT. |