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Registered number: 14408240







ORI JV HOLDINGS 6 LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

 
ORI JV HOLDINGS 6 LIMITED
 

COMPANY INFORMATION


Directors
P. E. Dias
C. P. Gaydon




Registered number
14408240



Registered office
5th Floor, UK House
164-182 Oxford Street

London

United Kingdom

W1D 1NN




Independent auditors
Wilder Coe Ltd

Chartered Accountants & Statutory Auditors

1st Floor, Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
ORI JV HOLDINGS 6 LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 6


 
ORI JV HOLDINGS 6 LIMITED
REGISTERED NUMBER: 14408240

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
Note
£

Fixed assets
  

Investments
 4 
421,746

  
421,746

Current assets
  

Debtors: amounts falling due within one year
 5 
712,647

Cash at bank and in hand
  
202,246

  
914,893

Creditors: amounts falling due within one year
 6 
(1,040,366)

Net current (liabilities)/assets
  
 
 
(125,473)

  

Net assets
  
296,273


Capital and reserves
  

Allotted and called up and fully paid share capital
 7 
10

Profit and loss account
  
296,263

Equity shareholder's funds
  
296,273


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

The Company has opted not to file the Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
 2 September 2024.




P. E. Dias
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
ORI JV HOLDINGS 6 LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
296,263
296,263

Shares issued during the period
10
-
10


At 31 October 2023
10
296,263
296,273

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ORI JV HOLDINGS 6 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

ORI JV Holdings 6 Limited (Company number: 14408240) having its registered office and principal place of business at UK House, 5th Floor, 164-182 Oxford Street, London, United Kingdom, W1D 1NN is a private limited company incorporated in England and Wales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ORI JV HOLDINGS 6 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in joint ventures are measured at cost less accumulated impairment.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Fixed asset investments





Investment in joint ventures

£



Cost or valuation


Additions
421,746



At 31 October 2023
421,746





5.


Debtors

2023
£

Due within one year
Page 4

 
ORI JV HOLDINGS 6 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.Debtors (continued)


Amounts owed by connected parties
712,637

Called up share capital not paid
10

712,647



6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to connected parties
781,196

Corporation tax
89,393

Other taxation and social security
148,888

Other creditors
14,889

Accruals and deferred income
6,000

1,040,366


Page 5

 
ORI JV HOLDINGS 6 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

7.


Share capital

2023
£
Allotted, called up and fully paid


5 Ordinary A shares of £1 each
5
5 Ordinary B shares of £1 each
5

10


There were 5 Ordinary A shares of £1 each and 5 Ordinary B shares of £1 each issued on incorporation.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounts to £3,270. As at the period end there were contributions outstanding of £Nil. 


9.


Related party transactions

Included within debtors was an amount of £712,637 due from Hyro Energy Limited, a company in which ORI JV Holdings 6 Limited holds 50% of its shares.
Included within creditors was an amount of £781,196 due to Sky Renewables S.a.r.l. (Luxembourg), a company which holds shares in ORI JV Holdings 6 Limited. 


10.


Controlling party

As at 31 October 2023, there is no ultimate controlling party. 


11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 October 2023 was unqualified.

The audit report was signed on 4 September 2024 by Caryl King BSc ACA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.


Page 6