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REGISTERED NUMBER: 11305619 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

OS HOLDINGS LIMITED

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


OS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M C Ketcher





SECRETARY: Ms L J Shirley





REGISTERED OFFICE: NRS House
Site 7, Meriden Park
Cornets End Lane
Meriden
Warwickshire
CV7 7LG





REGISTERED NUMBER: 11305619 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of an inert waste disposal facility, development of industrial site, rental of properties, HGV parking rental and the renting and leasing of machinery, equipment and tangible goods.

DIRECTOR
M C Ketcher held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M C Ketcher - Director


29 July 2024

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OS HOLDINGS LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Os Holdings Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Os Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Os Holdings Limited. You consider that Os 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 financial statements of Os 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 financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL


29 July 2024

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 13,003 9,911

Administrative expenses (1,034,218 ) (735,013 )
(1,021,215 ) (725,102 )

Other operating income 1,831,369 1,221,754
Gain/loss on revaluation of tangible assets 9,691,406 -
OPERATING PROFIT 5 10,501,560 496,652

Interest receivable and similar income 120,887 43,035
10,622,447 539,687

Interest payable and similar expenses (468,775 ) (230,999 )
PROFIT BEFORE TAXATION 10,153,672 308,688

Tax on profit 6 (2,581,899 ) (22,074 )
PROFIT FOR THE FINANCIAL YEAR 7,571,773 286,614

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 234,599 287,786
Tangible assets 8 24,452,986 14,976,430
Investments 9 1 1
24,687,586 15,264,217

CURRENT ASSETS
Debtors 10 303,628 362,483
Cash at bank and in hand 3,746,366 3,484,483
4,049,994 3,846,966
CREDITORS
Amounts falling due within one year 11 11,690,822 12,037,804
NET CURRENT LIABILITIES (7,640,828 ) (8,190,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,046,758

7,073,379

CREDITORS
Amounts falling due after more than one
year

12

(4,627,552

)

(4,701,977

)

PROVISIONS FOR LIABILITIES (2,499,105 ) (22,074 )
NET ASSETS 9,920,101 2,349,328

CAPITAL AND RESERVES
Called up share capital 14 1 1
Revaluation reserve 15 7,268,554 -
Retained earnings 2,651,546 2,349,327
SHAREHOLDERS' FUNDS 9,920,101 2,349,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

BALANCE SHEET - continued
31 MARCH 2024


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

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





M C Ketcher - Director


OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Os Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases;

Freehold land and buildings -not provided
Plant and machinery-20% on cost
Leashold improvements -10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication of those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimated the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is higher of fair value less cost to sell and value in use. In assessing value in us e, the estimated future cash flows are discounted to their present value using a pretax discount rate that reflects current market value assessments of the time value of money and risks specific to the asset for which estimates of future cash flows have not been adjusted.

If the recoverable amount of any asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised amount that would have been determined had no impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade payables and amounts owed to other group undertakings, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 290,993 292,516
Goodwill amortisation 53,187 53,186

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 104,868 -

Deferred tax 2,477,031 22,074
Tax on profit 2,581,899 22,074

7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 527,125
AMORTISATION
At 1 April 2023 239,339
Charge for year 53,187
At 31 March 2024 292,526
NET BOOK VALUE
At 31 March 2024 234,599
At 31 March 2023 287,786

8. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 13,262,897 1,583,322 571,728 79,502 15,497,449
Additions 45,697 21,048 - 9,398 76,143
Revaluations 9,691,406 - - - 9,691,406
At 31 March 2024 23,000,000 1,604,370 571,728 88,900 25,264,998
DEPRECIATION
At 1 April 2023 - 244,376 254,916 21,727 521,019
Charge for year - 158,294 110,866 21,833 290,993
At 31 March 2024 - 402,670 365,782 43,560 812,012
NET BOOK VALUE
At 31 March 2024 23,000,000 1,201,700 205,946 45,340 24,452,986
At 31 March 2023 13,262,897 1,338,946 316,812 57,775 14,976,430

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
Valuation in 2024 9,691,406 - - - 9,691,406
Cost 13,308,594 1,604,370 571,728 88,900 15,573,592
23,000,000 1,604,370 571,728 88,900 25,264,998

The net book value of freehold property is based on a director's valuation.

9. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 199,919 187,247
Amounts owed by group undertakings 92 92
Amounts owed by related entities 47,730 28,500
Other debtors - 2,499
VAT - 93,439
Prepayments and accrued income 55,887 50,706
303,628 362,483

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 543,809 543,809
Trade creditors 54,439 159,188
Amounts owed to related entities - 148,595
Tax 104,868 -
VAT 114,474 -
Directors' current accounts 10,666,486 11,035,777
Accrued expenses 206,746 150,435
11,690,822 12,037,804

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 544,591 544,591
Bank loans - 2-5 years 1,633,774 1,633,774
Bank loans more 5 yr by instal 2,449,187 2,523,612
4,627,552 4,701,977

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,449,187 2,523,612

13. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 5,171,361 5,245,786

The bank mortgage, loans and overdraft are secured on the freehold property and assets of the company.

During the year OS Holdings Limited entered into a deed of guarantee with NRS Waste Care Limited which is owned by the director in respect of the mortgage it has taken out during the year. OS Holdings have guaranteed the above mortgage with a fixed and floating charge in favour of NRS Waste Care Limited.

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary 1 1 1

15. RESERVES
Revaluation
reserve
£   
Revaluation in year 7,268,554

At 31 March 2024 7,268,554

OS HOLDINGS LIMITED (REGISTERED NUMBER: 11305619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. RELATED PARTY DISCLOSURES

During the year, transactions occurred between OS Holdings Limited and a company which was related due to common ownership. OS Holdings Limited received income of £60,067 (2023: £60,000) from a related party. OS Holdings Limited made purchases of £Nil (2023 £180) from a related party. At the balance sheet date, a balance of £6,081 (2023: £6,000) was the amount due from the related party.

During the year, transactions occurred between OS Holdings Limited and a company which was related due to common ownership. OS Holdings Limited received income of £244,296 (2023: £133,622) from a related party. OS Holdings Limited made purchases of £16,887 (2023: £14,612) from a related party. At the balance sheet date, a balance of £8,953 (2023: £22,500) was the amount due from the related party.

During the year, transactions occurred between OS Holdings Limited and a company which was related due to common ownership. OS Holdings Limited received income of £39,693 (2023: £9,911) and made purchases of £62,491 (2023: £165,095) from a related party. At the balance sheet date, a balance of £20,196 (2023: £(148,026)) was the amount due from the related party.

During the year, transactions occurred between OS Holdings Limited and a company which was related due to common ownership. OS Holdings Limited received income of £318,617 (2023: £197,118) and made purchases of £Nil (2023: £474) from a related party. At the balance sheet date, a balance of £Nil (2023: £569) was the amount due to the related party.

During the year, transactions occurred between OS Holdings Limited and a company which was related due to common ownership. OS Holdings Limited received income of £10,417 (2023: £Nil) from a related party. At the balance sheet date, a balance of £12,500 (2023: £Nil) was the amount due from the related party.