OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Company Registration Number:
14502737 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 23 November 2022

End date: 31 December 2023

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The company’s principal activity is that of a holding company for its trading subsidiaries.

Additional information

Going Concern The directors confirm that they are satisfied the company has adequate resources to continue its business for the foreseeable future and, on this basis, they continue to adopt the going concern basis in preparing the financial statements. Directors' responsibilities statement The directors are responsible for preparing the Directors' Report and the audited financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare audited financial statements for each financial year. Under that law the directors have elected to prepare the audited financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the audited financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these audited financial statements, the directors are required to: select suitable accounting policies for the Company's financial statements and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the audited financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the audited financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Greenhouse gas emissions, energy consumption and energy efficiency action The directors are committed to reducing the company’s energy consumption as soon as possible in line with the mission of Oxygen House Group. For 2024 the company is prioritising strategies to minimise environmental impact, contributing to the group's solutions to achieving a carbon-neutral society. Currently details of the company’s carbon emissions are included within the consolidated financial statements of Oxygen House Group Limited. Disclosure of information to auditors Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information. Independent Auditors The auditors, PricewaterhouseCoopers LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 22 August 2024 and signed on its behalf. Small companies note In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.



Directors

The director shown below has held office during the whole of the period from
23 November 2022 to 31 December 2023

Mr R J Stockdale


The director shown below has held office during the period of
23 November 2022 to 1 April 2023

Oxygen House Group Limited


The directors shown below have held office during the period of
1 April 2023 to 31 December 2023

Mrs E J Adams
Mr M O Gingell


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 August 2024

And signed on behalf of the board by:
Name: Mr R J Stockdale
Status: Director

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

13 months to 31 December 2023


£
Administrative expenses: ( 4,635 )
Operating profit(or loss): (4,635)
Profit(or loss) before tax: (4,635)
Profit(or loss) for the financial year: (4,635)

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Balance sheet

As at 31 December 2023

Notes 13 months to 31 December 2023


£
Fixed assets
Investments: 3 2
Total fixed assets: 2
Current assets
Debtors: 4 21,247,041
Cash at bank and in hand: 3,752,959
Total current assets: 25,000,000
Creditors: amounts falling due within one year: 5 ( 4,637 )
Net current assets (liabilities): 24,995,363
Total assets less current liabilities: 24,995,365
Total net assets (liabilities): 24,995,365
Capital and reserves
Called up share capital: 25,000,000
Profit and loss account: (4,635 )
Total Shareholders' funds: 24,995,365

The notes form part of these financial statements

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Balance sheet statements

For the year ending 31 December 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.

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

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: Mr R J Stockdale
Status: Director

The notes form part of these financial statements

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Valuation information and policy

    Investments in subsidiaries are measured at cost less accumulated impairment.

    Other accounting policies

    Financial Reporting Standard 102 - reduced disclosure exemptions The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": the requirements of Section 7 Statement of Cash Flows; the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Oxygen House Group Limited as at 31 December 2023 and these financial statements may be obtained from Companies House. Going concern The financial statements have been prepared on a going concern basis as amounts advanced to the company by related party undertakings will not be recalled in preference to third party creditors. Financial instruments Classification: The company holds the following financial instruments: - Short term trade and other debtors and creditors (including inter-group and related undertakings balances) - Cash and bank balances. - Redeemable preference shares All financial instruments are classified as basic. Recognition and measurement: The company has chosen to apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the company becomes party to the contractual provisions of the instruments and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled. Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or the other consideration expected to be paid or received, after taking account of impairment adjustments.

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    13 months to 31 December 2023
    Average number of employees during the period 0

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

N/A

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

13 months to 31 December 2023
£
Other debtors 21,247,041
Total 21,247,041

The amounts owed by group undertakings are interest free and repayable on demand.

OXYGEN CONSERVATION HOLDINGS 1 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

13 months to 31 December 2023
£
Accruals and deferred income 4,579
Other creditors 58
Total 4,637

The amounts due to group undertakings are interest free and repayable on demand.