Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30falseNo description of principal activity2022-07-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13894535 2022-07-01 2023-06-30 13894535 2022-02-04 2022-06-30 13894535 2023-06-30 13894535 2022-06-30 13894535 c:Director1 2022-07-01 2023-06-30 13894535 d:CurrentFinancialInstruments 2023-06-30 13894535 d:CurrentFinancialInstruments 2022-06-30 13894535 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13894535 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13894535 d:ShareCapital 2022-07-01 2023-06-30 13894535 d:ShareCapital 2023-06-30 13894535 d:ShareCapital 2022-02-04 2022-06-30 13894535 d:ShareCapital 2022-06-30 13894535 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 13894535 d:RetainedEarningsAccumulatedLosses 2023-06-30 13894535 d:RetainedEarningsAccumulatedLosses 2022-02-04 2022-06-30 13894535 d:RetainedEarningsAccumulatedLosses 2022-06-30 13894535 c:OrdinaryShareClass2 2022-07-01 2023-06-30 13894535 c:OrdinaryShareClass2 2023-06-30 13894535 c:OrdinaryShareClass2 2022-06-30 13894535 c:OrdinaryShareClass3 2022-07-01 2023-06-30 13894535 c:OrdinaryShareClass3 2023-06-30 13894535 c:OrdinaryShareClass3 2022-06-30 13894535 c:FRS102 2022-07-01 2023-06-30 13894535 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13894535 c:FullAccounts 2022-07-01 2023-06-30 13894535 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13894535 6 2022-07-01 2023-06-30 13894535 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13894535














ORAL VISTA HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2023

 
ORAL VISTA HOLDINGS LIMITED
REGISTERED NUMBER: 13894535

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note

Fixed assets
  

Investments
 4 
1,783,107
1,620,608

Current assets
  

Debtors: amounts falling due within one year
 5 
115
7,814

  
115
7,814

Creditors: amounts falling due within one year
 6 
(1,770,422)
(1,625,576)

Net current liabilities
  
 
 
(1,770,307)
 
 
(1,617,762)

Total assets less current liabilities
  
12,800
2,846

  

Net assets
  
£12,800
£2,846


Capital and reserves
  

Called up share capital 
  
117
117

Profit and loss account
  
12,683
2,729

  
£12,800
£2,846


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 February 2024.




___________________________
David Tobin
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
ORAL VISTA HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Profit and loss account
Total equity

At 1 July 2022
117
2,729
2,846


Comprehensive income for the year

Profit for the year
-
59,954
59,954
Total comprehensive income for the year
-
59,954
59,954


Contributions by and distributions to owners

Dividends: Equity capital
-
(50,000)
(50,000)


Total transactions with owners
-
(50,000)
(50,000)


At 30 June 2023
£117
£12,683
£12,800



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022


Called up share capital
Profit and loss account
Total equity


Comprehensive income for the period

Profit for the period
-
52,729
52,729
Total comprehensive income for the period
-
52,729
52,729


Contributions by and distributions to owners

Dividends: Equity capital
-
(50,000)
(50,000)

Shares issued during the period
117
-
117


Total transactions with owners
117
(50,000)
(49,883)


At 30 June 2022
£117
£2,729
£2,846


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ORAL VISTA HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Oral Vista Holdings Limited is a private company limited by shares and is incorporated in England and Wales. The registered company number is 13894535. The registered office of the company is 4 Covert Road, Aylesham Industrial Estate, Aylesham, Kent, CT3 3EQ, England. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are
Page 3

 
ORAL VISTA HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
 
Page 4

 
ORAL VISTA HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 July 2022
1,620,608


Additions
162,499



At 30 June 2023
£1,783,107





5.


Debtors

2023
2022


Other debtors
£115
£7,814


Page 5

 
ORAL VISTA HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022

Amounts owed to group undertakings
1,242,221
1,201,236

Other creditors
528,201
422,340

Accruals and deferred income
-
2,000

£1,770,422
£1,625,576



7.


Share capital

2023
2022
Allotted, called up and fully paid



7,000 (2022 - 7,000) A Ordinary shares of £0.01 each
70
70
4,666 (2022 - 4,666) B Ordinary shares of £0.01 each
47
47

£117

£117



8.


Related party transactions

At the year end a balance of £1,242,221 (2022 - £1,201,236) was owed to Lister International Limited, a subsidary owned by Oral Vista Holdings Limited.     
At the year end a balance of £528,202 (2022 - £372,458) was owed by the company to companies under common control.                                                                                                                 


Page 6