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COMPANY REGISTRATION NUMBER: 05729227
ODIN RETAIL HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 August 2023
ODIN RETAIL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2023
31 Aug 23
31 Mar 22
Note
£
£
£
Fixed assets
Investments
4
120
120
Current assets
Debtors
5
1,949
1,949
Cash at bank and in hand
1,204,926
-------
-------------
1,949
1,206,875
-------
-------------
Net current assets
1,949
1,206,875
-------
-------------
Total assets less current liabilities
2,069
1,206,995
-------
-------------
Capital and reserves
Called up share capital
1,949
1,949
Capital redemption reserve
50
50
Profit and loss account
70
1,204,996
-------
-------------
Shareholders funds
2,069
1,206,995
-------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 August 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ODIN RETAIL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
J Munck Af Rosenschold
Director
Company registration number: 05729227
ODIN RETAIL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 APRIL 2022 TO 31 AUGUST 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Lawn, Union Road, Lincoln, LN1 3BU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Employee numbers
The average number of persons employed by the company during the period amounted to 0 (year ended 31 March 2022: 0).
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 August 2023
120
----
Impairment
At 1 April 2022 and 31 August 2023
----
Carrying amount
At 31 August 2023
120
----
At 31 March 2022
120
----
The company owns 100% of the issued share capital of Odin Retail Limited. The results for the period ended 27 August (together with prior period comparatives) are detailed below.
Period ended 27 August 2023
Period ended 29 January 2023
£
£
Aggregate Capital and Reserves
1,066,808
951,427
Profit/(loss) for the period
115,381
236,820
5. Debtors
31 Aug 23
31 Mar 22
£
£
Other debtors
1,949
1,949
-------
-------
6. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.
7. Controlling party
The ultimate parent company is Polarn O. Pyret Ab, a company registered in Sweden.