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REGISTERED NUMBER: 07584769 (England and Wales)















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: P N O'Brien





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





REGISTERED NUMBER: 07584769 (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 (GROUP) LIMITED (REGISTERED NUMBER: 07584769)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,572,196 5,186,199

CURRENT ASSETS
Debtors 5 9,732,756 10,153,146
Cash at bank and in hand 2,907,103 93,711
12,639,859 10,246,857
CREDITORS
Amounts falling due within one year 6 348,563 293,989
NET CURRENT ASSETS 12,291,296 9,952,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,863,492

15,139,067

CAPITAL AND RESERVES
Called up share capital 1,800 1,800
Share premium 1,184,829 1,184,829
Retained earnings 13,676,863 13,952,438
SHAREHOLDERS' FUNDS 14,863,492 15,139,067

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 Statement of Income and Retained Earnings 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 (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 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 as modified by the revaluation of certain assets.

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 2,572,196 2,614,003 5,186,199
Additions - 242,015 242,015
Disposals - (2,694,298 ) (2,694,298 )
Revaluations - (161,720 ) (161,720 )
At 31 March 2023 2,572,196 - 2,572,196
NET BOOK VALUE
At 31 March 2023 2,572,196 - 2,572,196
At 31 March 2022 2,572,196 2,614,003 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:

O'Brien Contractors Limited
Registered office: Manor Cottage, Church Lane, Cubbington, Leamington Spa, CV32 7JT
Nature of business: Civil Engineering Contractors
%
Class of shares: holding
Ordinary 'A' shares 90.10
2023 2022
£    £   
Aggregate capital and reserves 3,189,709 3,114,346
Profit for the year 1,837,678 290,089

O'Brien Developments Limited
Registered office: Celixir House,Stratford Business & Technology Park,Stratford-upon-Avon, Warwickshire, CV37 7GZ
Nature of business: Provision of professional services
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 87,364 102,317
(Loss)/profit for the year (14,953 ) 1,187

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

O'Brien Sports Limited
Registered office: Celixir House,Stratford Business & Technology Park,Stratford-upon-Avon, Warwickshire, CV37 7GZ
Nature of business: Dormant
%
Class of shares: holding
holding 100.00
2023 2022
£    £   
Aggregate capital and reserves 100 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,000
Amounts owed by group undertakings 8,391,669 8,924,542
Other debtors - 1,517
Amounts owed by related
companies 1,341,087 1,226,087
9,732,756 10,153,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15 17
Amounts owed to group undertakings 339,371 284,795
Taxation 4,229 4,229
Accruals 4,948 4,948
348,563 293,989

7. 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

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.