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Registration number: 06018500

The OnBoard Partnership Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

The OnBoard Partnership Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

The OnBoard Partnership Ltd

(Registration number: 06018500)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

29,589

36,291

Investments

4

29,664

24,639

 

59,253

60,930

Current assets

 

Debtors

5

1,401

64

Cash at bank and in hand

 

53,563

27,785

 

54,964

27,849

Creditors: Amounts falling due within one year

6

(24,852)

(4,852)

Net current assets

 

30,112

22,997

Total assets less current liabilities

 

89,365

83,927

Creditors: Amounts falling due after more than one year

6

(18,406)

(20,932)

Net assets

 

70,959

62,995

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

69,959

61,995

Shareholders' funds

 

70,959

62,995

 

The OnBoard Partnership Ltd

(Registration number: 06018500)
Balance Sheet as at 31 December 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
G S A Montgomery
Director

 

The OnBoard Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Tangible assets

Fixtures and fittings
£

Computer & Office Equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

5,270

1,012

37,590

43,872

At 31 December 2023

5,270

1,012

37,590

43,872

Depreciation

At 1 January 2023

4,216

1,012

2,353

7,581

Charge for the year

1,054

-

5,648

6,702

At 31 December 2023

5,270

1,012

8,001

14,283

Carrying amount

At 31 December 2023

-

-

29,589

29,589

At 31 December 2022

1,054

-

35,237

36,291

 

The OnBoard Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

29,664

24,639

Subsidiaries

£

Cost or valuation

At 1 January 2023

24,639

Additions

5,025

At 31 December 2023

29,664

Provision

Carrying amount

At 31 December 2023

29,664

At 31 December 2022

24,639

During the year, the Company bought 10,000 Ordinary Shares in Cobbs Farm Co. Ltd (“Cobbs”), taking its total holding to 60,000 Ordinary Shares, representing 0.77% of the issued share capital of Cobbs. Mr G. Montgomery is a director of Cobbs. The net asset value per share of Cobbs at the last audited balance sheet date was £0.51 per share.

5

Debtors

Current

2023
£

2022
£

Other debtors

1,401

64

 

1,401

64

 

The OnBoard Partnership Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

4,852

4,852

Other creditors

 

20,000

-

 

24,852

4,852

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

18,406

20,932

7

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

4,852

4,852

Non-current loans and borrowings

2023
£

2022
£

Hire purchase contracts

18,406

20,932