OVINGTON ASSET MANAGEMENT LTD

Company Registration Number:
10057461 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

OVINGTON ASSET MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

OVINGTON ASSET MANAGEMENT LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Investments: 3 1,450,000 1,450,000
Total fixed assets: 1,450,000 1,450,000
Current assets
Stocks: 0 0
Debtors:   90,337 57,867
Cash at bank and in hand: 55,118 19,322
Total current assets: 145,455 77,189
Net current assets (liabilities): 145,455 77,189
Total assets less current liabilities: 1,595,455 1,527,189
Creditors: amounts falling due after more than one year:   (1,248,262) (1,192,841)
Total net assets (liabilities): 347,193 334,348
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve:4320,281320,281
Other reserves: 13,967 0
Profit and loss account: 12,845 13,967
Shareholders funds: 347,193 334,348

The notes form part of these financial statements

OVINGTON ASSET MANAGEMENT LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: Sidharth Narang
Status: Director

The notes form part of these financial statements

OVINGTON ASSET MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

OVINGTON ASSET MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

OVINGTON ASSET MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed investments

Long-term investments are stated at market value or at the best estimate of market value. Diminution in value of such long term investments is not provided for except where determined to be of permanent nature.

OVINGTON ASSET MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Revaluation reserve

2023
£
Balance at 01 April 2022 320,281
Surplus or deficit after revaluation 0
Balance at 31 March 2023 320,281