Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04353115 2023-01-01 2023-12-31 04353115 2022-01-01 2022-12-31 04353115 2023-12-31 04353115 2022-12-31 04353115 c:CompanySecretary1 2023-01-01 2023-12-31 04353115 c:Director1 2023-01-01 2023-12-31 04353115 c:RegisteredOffice 2023-01-01 2023-12-31 04353115 d:FreeholdInvestmentProperty 2023-12-31 04353115 d:FreeholdInvestmentProperty 2022-12-31 04353115 d:CurrentFinancialInstruments 2023-12-31 04353115 d:CurrentFinancialInstruments 2022-12-31 04353115 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04353115 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04353115 d:ShareCapital 2023-12-31 04353115 d:ShareCapital 2022-12-31 04353115 d:RetainedEarningsAccumulatedLosses 2023-12-31 04353115 d:RetainedEarningsAccumulatedLosses 2022-12-31 04353115 c:FRS102 2023-01-01 2023-12-31 04353115 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04353115 c:FullAccounts 2023-01-01 2023-12-31 04353115 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04353115 6 2023-01-01 2023-12-31 04353115 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04353115







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


OYO BUSINESS UNITS LIMITED






































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OYO BUSINESS UNITS LIMITED
 


 
COMPANY INFORMATION


Director
M A Henri 




Company secretary
I R Wright



Registered number
04353115



Registered office
The Gardens
Eye Road

Hoxne

Suffolk

IP21 5AP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


OYO BUSINESS UNITS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


OYO BUSINESS UNITS LIMITED
REGISTERED NUMBER:04353115



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
3
3

Investment property
 5 
500,000
500,000

  
500,003
500,003

Current assets
  

Debtors: amounts falling due within one year
 6 
8,958
7,885

Cash at bank and in hand
  
39,580
85,173

  
48,538
93,058

Creditors: amounts falling due within one year
 7 
(139,201)
(186,730)

Net current liabilities
  
 
 
(90,663)
 
 
(93,672)

Total assets less current liabilities
  
409,340
406,331

Provisions for liabilities
  

Deferred tax
  
(59,360)
(59,360)

  
 
 
(59,360)
 
 
(59,360)

Net assets
  
349,980
346,971


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
349,880
346,871

  
349,980
346,971


Page 1

 


OYO BUSINESS UNITS LIMITED
REGISTERED NUMBER:04353115


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.



................................................
M A Henri
Director

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

Page 2

 


OYO BUSINESS UNITS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

OYO Business Units Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

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 generated via rents and other incidental income receivable and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


OYO BUSINESS UNITS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of Financial Position. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 


OYO BUSINESS UNITS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
3



At 31 December 2023
3





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
500,000



At 31 December 2023
500,000

The investment properties have been measured at fair value which is the open market value of the property.




6.


Debtors

2023
2022
£
£


Trade debtors
3,762
3,150

Amounts owed by group undertakings
4,153
3,777

Other debtors
26
13

Prepayments and accrued income
1,017
945

8,958
7,885


Page 5

 


OYO BUSINESS UNITS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,060
5,422

Other taxation and social security
1,700
1,572

Other creditors
120,000
170,039

Accruals and deferred income
10,441
9,697

139,201
186,730


Page 6