0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 456,324 456,324 456,324 xbrli:pure xbrli:shares iso4217:GBP 06744715 2023-01-01 2023-12-31 06744715 2023-12-31 06744715 2022-12-31 06744715 2022-01-01 2022-12-31 06744715 2022-12-31 06744715 2021-12-31 06744715 bus:Director2 2023-01-01 2023-12-31 06744715 core:WithinOneYear 2023-12-31 06744715 core:WithinOneYear 2022-12-31 06744715 core:ShareCapital 2023-12-31 06744715 core:ShareCapital 2022-12-31 06744715 core:SharePremium 2023-12-31 06744715 core:SharePremium 2022-12-31 06744715 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 06744715 core:Non-currentFinancialInstruments 2023-12-31 06744715 core:Non-currentFinancialInstruments 2022-12-31 06744715 bus:SmallEntities 2023-01-01 2023-12-31 06744715 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06744715 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06744715 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 06744715 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06744715 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 06744715
Outdoor Creation (Holdings) Limited
Filleted Unaudited Financial Statements
31 December 2023
Outdoor Creation (Holdings) Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
456,324
456,324
Current assets
Debtors
5
3,577
Cash at bank and in hand
600
484
-------
----
4,177
484
Creditors: amounts falling due within one year
6
160,499
156,806
---------
---------
Net current liabilities
156,322
156,322
---------
---------
Total assets less current liabilities
300,002
300,002
---------
---------
Capital and reserves
Called up share capital
100
100
Share premium account
299,902
299,902
---------
---------
Shareholders funds
300,002
300,002
---------
---------
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 year ending 31 December 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 year 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 .
These financial statements were approved by the board of directors and authorised for issue on 14 August 2024 , and are signed on behalf of the board by:
Mr A Ibbs-George
Director
Company registration number: 06744715
Outdoor Creation (Holdings) Limited
Notes to the Financial Statements
Year ended 31 December 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 OCL, Hinksford Lane, Kingswinford, West Midlands, DY6 0BH.
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
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) 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.
(c) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(d) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
456,324
---------
Impairment
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
456,324
---------
At 31 December 2022
456,324
---------
The company owns 100% of the issued share capital of OCL Kingswinford Limited, a company registered in England & Wales. The principal activity of the company is the sale of industrial supplies and building products. The company owns 50% of the issued share capital of M Paints & Services Limited, a company registered in England & Wales. The principal activity of the company is the supplier of paint and related products.
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
3,577
-------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
6,190
Other Creditors
499
616
Other creditors
160,000
150,000
---------
---------
160,499
156,806
---------
---------