Company Registration No. 11089467 (England and Wales)
Over the Hedge Ltd
Unaudited accounts
for the year ended 30 November 2023
Over the Hedge Ltd
Unaudited accounts
Contents
Over the Hedge Ltd
Company Information
for the year ended 30 November 2023
Director
Evelyn Joanne Marshall- Rothschild
Company Number
11089467 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
United Kingdom
Accountants
Vicente Kewley Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Over the Hedge Ltd
Statement of financial position
as at 30 November 2023
Investments
168,975
168,975
Cash at bank and in hand
30
730
Creditors: amounts falling due within one year
(285,853)
(285,853)
Net current liabilities
(174,783)
(177,262)
Net liabilities
(5,808)
(8,287)
Called up share capital
1
1
Profit and loss account
(5,809)
(8,288)
Shareholders' funds
(5,808)
(8,287)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Evelyn Joanne Marshall- Rothschild
Director
Company Registration No. 11089467
Over the Hedge Ltd
Notes to the Accounts
for the year ended 30 November 2023
Over the Hedge Ltd is a private company, limited by shares, registered in England and Wales, registration number 11089467. The registered office is 20-22 Wenlock Road, London, N1 7GU , United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Transactions with related parties
a. Over the Hedge Ltd has lent the company OTH Management Ltd (company number 11361207) a total of £219,299.31. This amount is displayed in balance Sheet as follows: £168,974.61 investment balance; and £30,324.70 of the Other Debtors balance. Both companies are related due to the common ownership and control of both companies by Evelyn Joanne Marshall- Rothschild.
This loan was provided so that OTH Management Ltd had starting capital to run its property management business. This loan attracts an interest rate of 1.25%. As at 30th November 2019 no interest or loan capital has been repaid from OTH Management Ltd to OTH Management Ltd. However, £4,630 of accrued interest has been recognised on the balance sheet. No interest was accrued during the 30 November 2020 financial year due to the Covid-19 pandemic.
b. During May 2018, Over the Hedge Ltd borrowed a total of £261,600 from Smith & Marshall Ltd. This amount was used as capital for Over the Hedge Limited to provide funding to OTH Management Ltd (as outlined in point a. of this note). This is a related party transaction due to the director of Smith & Marshall Ltd, Lorretta Vernessa, being a close relative of the director of Over the Hedge Ltd: Evelyn Joanne Marshall- Rothschild.
During the financial year ending 30th November 2020, a total of £1,192 of this capital has been repaid, along with £478 in interest on the loan. The terms of the loan state that £1,192.06 of the loan capital be repaid to Lorretta Vernessa on a monthly basis, in addition to £478.01 payment of interest on a monthly basis. During the financial year ending 30th November 2020 one month's payment was made.
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).