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Registration number: 12443936

Ontix Infrastructure Holdings Limited

Annual Report and Consolidated Financial Statements

for the Year Ended 31 March 2023

 

Ontix Infrastructure Holdings Limited

Contents

Company Information

1

Strategic Report

2

Directors' Report

3

Statement of Directors' Responsibilities

4

Accountant's Report

5

Consolidated Profit and Loss Account

6

Consolidated Statement of Comprehensive Income

7

Consolidated Balance Sheet

8 to 9

Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13 to 24

 

Ontix Infrastructure Holdings Limited

Company Information

Directors

Mr Patrick David Bradd

Mr Alan Paul Harper

Mr Anthony Tomlinson

Mr Thorsten Philip-Stuart Johnsen

Mr Neil McRae

Registered office

320 Garratt Lane
London
SW18 4EJ

 

Ontix Infrastructure Holdings Limited

Strategic Report for the Year Ended 31 March 2023

The directors present their strategic report for the year ended 31 March 2023.

Principal activity

The principal activity of the group is telecommunications company.

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................
Mr Patrick David Bradd
Director

 

Ontix Infrastructure Holdings Limited

Directors' Report for the Year Ended 31 March 2023

The directors present their report and the for the year ended 31 March 2023.

Directors of the group

The directors who held office during the year were as follows:

Mr Patrick David Bradd

Mr Alan Paul Harper

Mr Timothy John Gigg (ceased 12 October 2023)

Mr Christopher Nigel Bayliff (ceased 30 April 2023)

Mr Barnaby Edward Dickinson (ceased 8 September 2023)

Mr Anthony Tomlinson

Mr Thorsten Philip-Stuart Johnsen

The following director was appointed after the year end:

Mr Neil McRae (appointed 2 May 2023)

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................
Mr Patrick David Bradd
Director

 

Ontix Infrastructure Holdings Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Ontix Infrastructure Holdings Limited

Accountant's Report

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ontix Infrastructure Holdings Limited for the year ended 31 March 2023 as set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ontix Infrastructure Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ontix Infrastructure Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Ontix Infrastructure Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ontix Infrastructure Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ontix Infrastructure Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ontix Infrastructure Holdings Limited. You consider that Ontix Infrastructure Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ontix Infrastructure Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Franklin, Chartered Accountants
320 Garratt Lane
London
SW18 4EJ

9 November 2023

 

Ontix Infrastructure Holdings Limited

Consolidated Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

3

1,542,034

1,181,001

Cost of sales

 

(31,231)

(144,737)

Gross profit

 

1,510,803

1,036,264

Distribution costs

 

(5,797)

(3,823)

Administrative expenses

 

(2,151,452)

(2,992,070)

Operating loss

4

(646,446)

(1,959,629)

Other interest receivable and similar income

5

521

-

Interest payable and similar expenses

6

(4)

(94)

   

517

(94)

Loss before tax

 

(645,929)

(1,959,723)

Tax on loss

9

513,537

309,539

Loss for the financial year

 

(132,392)

(1,650,184)

Profit/(loss) attributable to:

 

Owners of the company

 

70,462

(1,490,954)

Minority interests

 

(202,854)

(159,230)

 

(132,392)

(1,650,184)

The group has no recognised gains or losses for the year other than the results above.

 

Ontix Infrastructure Holdings Limited

Consolidated Statement of Comprehensive Income for the Year Ended 31 March 2023

2023
£

2022
£

Loss for the year

(132,392)

(1,650,184)

Total comprehensive income for the year

(132,392)

(1,650,184)

Total comprehensive income attributable to:

Owners of the company

70,462

(1,490,954)

Minority interests

(202,854)

(159,230)

(132,392)

(1,650,184)

 

Ontix Infrastructure Holdings Limited

(Registration number: 12443936)
Consolidated Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

10

939,572

1,270,081

Current assets

 

Stocks

11

11,716

17,054

Debtors

12

737,830

1,751,643

Cash at bank and in hand

 

517,663

36,233

 

1,267,209

1,804,930

Creditors: Amounts falling due within one year

14

(2,292,054)

(2,948,644)

Net current liabilities

 

(1,024,845)

(1,143,714)

Total assets less current liabilities

 

(85,273)

126,367

Creditors: Amounts falling due after more than one year

14

(5,479,856)

(5,496,313)

Provisions for liabilities

(178,525)

(241,316)

Net liabilities

 

(5,743,654)

(5,611,262)

Capital and reserves

 

Called up share capital

16

200

200

Retained earnings

(4,988,653)

(5,059,115)

Equity attributable to owners of the company

 

(4,988,453)

(5,058,915)

minority interests

 

(755,201)

(552,347)

Shareholders' deficit

 

(5,743,654)

(5,611,262)

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.

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.

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

 

Ontix Infrastructure Holdings Limited

(Registration number: 12443936)
Consolidated Balance Sheet as at 31 March 2023

.........................................
Mr Patrick David Bradd
Director

 

Ontix Infrastructure Holdings Limited

(Registration number: 12443936)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

10

939,572

1,270,081

Current assets

 

Stocks

11

11,716

17,054

Debtors

12

2,054,853

2,921,920

Cash at bank and in hand

 

122,848

2,251

 

2,189,417

2,941,225

Creditors: Amounts falling due within one year

14

(700,905)

(609,583)

Net current assets

 

1,488,512

2,331,642

Total assets less current liabilities

 

2,428,084

3,601,723

Creditors: Amounts falling due after more than one year

14

(5,425,000)

(5,425,000)

Provisions for liabilities

(178,525)

(241,316)

Net liabilities

 

(3,175,441)

(2,064,593)

Capital and reserves

 

Called up share capital

16

200

200

Retained earnings

(3,175,641)

(2,064,793)

Shareholders' deficit

 

(3,175,441)

(2,064,593)

The company made a loss after tax for the financial year of £1,110,848 (2022 - loss of £1,302,846).

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................
Mr Patrick David Bradd
Director

 

Ontix Infrastructure Holdings Limited

Consolidated Statement of Changes in Equity for the Year Ended 31 March 2023
Equity attributable to the parent company

Share capital
£

Retained earnings
£

Total
£

Non- controlling interests
£

At 1 April 2022

200

(5,059,115)

(5,058,915)

(552,347)

Profit/(loss) for the year

-

70,462

70,462

(202,854)

At 31 March 2023

200

(4,988,653)

(4,988,453)

(755,201)

Total equity
£

At 1 April 2022

(5,611,262)

Profit/(loss) for the year

(132,392)

At 31 March 2023

(5,743,654)

Share capital
£

Retained earnings
£

Total
£

Non- controlling interests
£

At 1 April 2021

200

(3,568,161)

(3,567,961)

(393,117)

Loss for the year

-

(1,490,954)

(1,490,954)

(159,230)

At 31 March 2022

200

(5,059,115)

(5,058,915)

(552,347)

Total equity
£

At 1 April 2021

(3,961,078)

Loss for the year

(1,650,184)

At 31 March 2022

(5,611,262)

 

Ontix Infrastructure Holdings Limited

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

200

(2,064,793)

(2,064,593)

Loss for the year

-

(1,110,848)

(1,110,848)

At 31 March 2023

200

(3,175,641)

(3,175,441)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2021

200

(761,947)

(761,747)

Loss for the year

-

(1,302,846)

(1,302,846)

At 31 March 2022

200

(2,064,793)

(2,064,593)

 

Ontix Infrastructure Holdings Limited

Notes to the 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:
320 Garratt Lane
London
SW18 4EJ

These financial statements were authorised for issue by the Board on 24 October 2023.

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 March 2023.

 

Ontix Infrastructure Holdings Limited

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

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

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 group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.

The group 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 group's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Ontix Infrastructure Holdings Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

Communication and network equipment

25% Straight Line

Fixture and fittings

25% Straight Line

Dark Fibre

6.67% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

 

Ontix Infrastructure Holdings Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 group 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Ontix Infrastructure Holdings Limited

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

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Turnover

The analysis of the group's turnover for the year from continuing operations is as follows:

2023
£

2022
£

Rendering of services

1,537,857

1,177,619

Grants received

4,177

3,382

1,542,034

1,181,001

4

Operating loss

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

680,743

697,227

 

Ontix Infrastructure Holdings Limited

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

5

Other interest receivable and similar income

2023
£

2022
£

Interest income on bank deposits

32

-

Other finance income

489

-

521

-

6

Interest payable and similar expenses

2023
£

2022
£

Foreign exchange gains

4

94

7

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2023
£

2022
£

Wages and salaries

1,077,785

796,537

Social security costs

135,325

82,152

Other short-term employee benefits

12,473

-

Pension costs, defined contribution scheme

31,306

7,825

Other employee expense

27,340

13,894

1,284,229

900,408

The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:

2023
No.

2022
No.

Administration and support

9

5

Sales

1

1

Other departments

3

3

13

9

8

Directors' remuneration

The directors' remuneration for the year was as follows:

 

Ontix Infrastructure Holdings Limited

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

2023
£

2022
£

Remuneration

438,025

451,678

Contributions paid to money purchase schemes

13,440

5,021

451,465

456,699

9

Taxation

Tax charged/(credited) in the consolidated profit and loss account

2023
£

2022
£

Current taxation

UK corporation tax

(450,747)

(550,855)

Deferred taxation

Arising from origination and reversal of timing differences

(62,790)

241,316

Tax receipt in the income statement

(513,537)

(309,539)

Deferred tax

Group

Company

10

Tangible assets

Group

 

Ontix Infrastructure Holdings Limited

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

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

28,777

3,034,978

3,063,755

Additions

-

350,268

350,268

At 31 March 2023

28,777

3,385,246

3,414,023

Depreciation

At 1 April 2022

16,345

1,777,362

1,793,707

Charge for the year

6,261

674,483

680,744

At 31 March 2023

22,606

2,451,845

2,474,451

Carrying amount

At 31 March 2023

6,171

933,401

939,572

At 31 March 2022

12,437

1,257,644

1,270,081

Company

 

Ontix Infrastructure Holdings Limited

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

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

28,777

3,034,978

3,063,755

Additions

-

350,268

350,268

At 31 March 2023

28,777

3,385,246

3,414,023

Depreciation

At 1 April 2022

16,345

1,777,362

1,793,707

Charge for the year

6,261

674,483

680,744

At 31 March 2023

22,606

2,451,845

2,474,451

Carrying amount

At 31 March 2023

6,171

933,401

939,572

At 31 March 2022

12,437

1,257,644

1,270,081

11

Stocks

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Other inventories

11,716

17,054

11,716

17,054

Group

Company

12

Debtors

   

Group

Company

Current

Note

2023
£

2022
£

2023
£

2022
£

Trade debtors

 

349,965

1,134,092

-

-

Amounts owed by related parties

19

-

-

1,698,765

2,580,295

Other debtors

 

13,271

66,597

2,233

41,625

Prepayments

 

22,781

115

22,260

-

Accrued income

 

20,218

-

-

-

Income tax asset

9

331,595

550,839

331,595

300,000

   

737,830

1,751,643

2,054,853

2,921,920

 

Ontix Infrastructure Holdings Limited

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

13

Cash and cash equivalents

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Cash at bank

517,663

36,233

122,848

2,251

14

Creditors

   

Group

Company

Note

2023
£

2022
£

2023
£

2022
£

Due within one year

 

Trade creditors

 

184,550

204,160

146,448

112,953

Amounts due to related parties

19

225,030

225,031

224,830

224,830

Social security and other taxes

 

155,971

176,827

115,484

30,232

Outstanding defined contribution pension costs

 

5,536

4,552

5,536

4,546

Other payables

 

875,395

1,520,997

208,607

237,022

Gross amount due to customers for contract work

 

845,572

817,077

-

-

 

2,292,054

2,948,644

700,905

609,583

Due after one year

 

Loans and borrowings

17

5,425,000

5,425,000

5,425,000

5,425,000

Other non-current financial liabilities

 

54,856

71,313

-

-

 

5,479,856

5,496,313

5,425,000

5,425,000

 

Ontix Infrastructure Holdings Limited

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

15

Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £31,306 (2022 - £7,825).

Contributions totalling £5,536 (2022 - £4,552) were payable to the scheme at the end of the year and are included in creditors.

16

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £0 each

-

-

-

-

Ordinary B of £0 each

-

-

-

-

 

-

-

-

-

Allotted, called up and not fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £0.01 each

16,995

169.95

16,995

169.95

Ordinary B of £0.01 each

3,000

30.00

3,000

30.00

 

19,995

200

19,995

200

17

Loans and borrowings

 

Group

Company

2023
£

2022
£

2023
£

2022
£

Non-current loans and borrowings

Shareholders Loan

5,425,000

5,425,000

5,425,000

5,425,000

18

Commitments

Company

Other financial commitments

 

Ontix Infrastructure Holdings Limited

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

The financial commitments are over a 10 year period
The total amount of other financial commitments not provided in the financial statements was £14,725,711 (2022 - £1,472,500).

19

Related party transactions

Company

Ontix Infrastructure Holdings Limited is the parent company of the following entities:

10795153 Ontix Sites No. 1 Limited 100% owned
12454949 Ontix Sites No. 2 Limited 100% owned
12453078 Ontix Trading Limited 100% owned

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

225,031

225,031

Repaid

(1)

(1)

At end of period

225,030

225,030

2022

Other related parties
£

Total
£

At start of period

225,031

225,031

At end of period

225,031

225,031