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Registration number: 09814043

Ovington Park Estates Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Ovington Park Estates Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Ovington Park Estates Ltd

(Registration number: 09814043)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

29

29

Current assets

 

Debtors

395

395

Cash at bank and in hand

 

93,060

93,180

 

93,455

93,575

Creditors: Amounts falling due within one year

(18,351)

(18,351)

Net current assets

 

75,104

75,224

Net assets

 

75,133

75,253

Capital and reserves

 

Profit and loss account

75,133

75,253

Total equity

 

75,133

75,253

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.

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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2023 and signed on its behalf by:
 

O S Mitchell

Director

 

Ovington Park Estates Ltd

Notes to the Unaudited Abridged 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:
The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

These financial statements were authorised for issue by the Board on 31 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Investments

Total
£

Cost or valuation

At 1 April 2022

29

Provision

Carrying amount

At 31 March 2023

29

At 31 March 2022

29

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Ovington Park Estates Ltd

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

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

CLOS Commercial Limited

The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

England & Wales

Ordinary shares

100%

100%

Coopers Yard (Hampshire) Limited

The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

England & Wales

Ordinary shares

100%

100%

50 Stockbridge Road Limited

The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

England & Wales

Ordinary shares

100%

100%

Joint ventures

51 The Dean Limited

The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

Ordinary shares

25%

25%

 

England & Wales

     

Subsidiary undertakings

CLOS Commercial Limited

The principal activity of CLOS Commercial Limited is the management of commercial properties held for investment purposes.

Coopers Yard (Hampshire) Limited

The principal activity of Coopers Yard (Hampshire) Limited is the development of commercial property held for rental.

50 Stockbridge Road Limited

The principal activity of 50 Stockbridge Road Limited is the development of residential property held for rental.

Joint ventures

51 The Dean Limited

The principal activity of 51 The Dean Limited is is the development of commercial and residential property held for investment purposes.

 

Ovington Park Estates Ltd

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

5

Related party transactions

Summary of transactions with all subsidiaries


Included within other debtors is a loan to CLOS Commercial Ltd, a wholly owned subsidiary. At the balance sheet date, the company was owed £2,147 (2022 - £2,147) by CLOS Commercial Ltd.

There is no interest charged on the loans and the balances are repayable on demand.