Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05479283 2023-01-01 2023-12-31 05479283 2022-01-01 2022-12-31 05479283 2023-12-31 05479283 2022-12-31 05479283 c:CompanySecretary1 2023-01-01 2023-12-31 05479283 c:Director1 2023-01-01 2023-12-31 05479283 c:Director3 2023-01-01 2023-12-31 05479283 c:RegisteredOffice 2023-01-01 2023-12-31 05479283 d:CurrentFinancialInstruments 2023-12-31 05479283 d:CurrentFinancialInstruments 2022-12-31 05479283 d:Non-currentFinancialInstruments 2023-12-31 05479283 d:Non-currentFinancialInstruments 2022-12-31 05479283 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05479283 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05479283 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05479283 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05479283 d:ShareCapital 2023-12-31 05479283 d:ShareCapital 2022-12-31 05479283 d:SharePremium 2023-12-31 05479283 d:SharePremium 2022-12-31 05479283 d:RetainedEarningsAccumulatedLosses 2023-12-31 05479283 d:RetainedEarningsAccumulatedLosses 2022-12-31 05479283 c:FRS102 2023-01-01 2023-12-31 05479283 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05479283 c:FullAccounts 2023-01-01 2023-12-31 05479283 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05479283 6 2023-01-01 2023-12-31 05479283 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 05479283







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


OYO DEVELOPMENTS LIMITED






































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OYO DEVELOPMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
M A Henri 
R T Pedder-Smith 




Company secretary
I R Wright



Registered number
05479283



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 DEVELOPMENTS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


OYO DEVELOPMENTS LIMITED
REGISTERED NUMBER:05479283



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4
4

  
4
4

Current assets
  

Stocks
  
10,001,093
10,118,542

Debtors: amounts falling due within one year
 5 
77,478
804,263

Cash at bank and in hand
  
1,168,134
1,672,694

  
11,246,705
12,595,499

Creditors: amounts falling due within one year
 6 
(588,283)
(659,516)

Net current assets
  
 
 
10,658,422
 
 
11,935,983

Total assets less current liabilities
  
10,658,426
11,935,987

Creditors: amounts falling due after more than one year
 7 
(1,880,619)
(2,546,172)

  

Net assets
  
8,777,807
9,389,815


Capital and reserves
  

Called up share capital 
  
3,500,101
3,500,101

Share premium account
  
4,743,023
4,743,023

Profit and loss account
  
534,683
1,146,691

  
8,777,807
9,389,815


Page 1

 


OYO DEVELOPMENTS LIMITED
REGISTERED NUMBER:05479283


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

The directors consider 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 directors acknowledge their 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 by: 



................................................
M A Henri
Director
Date: 24 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


OYO DEVELOPMENTS LIMITED
 


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

1.


General information

OYO Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office 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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and
the turnover can be reliably measured. Turnover comprises the sale of properties. The sale and purchase of property is recognised on the date of exchange.

 
2.3

Taxation

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.

 
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

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. Direct costs included in work in progress include directly attributable interest costs and preference share dividends classified as an expenses in accordance with FRS 102.

Page 3

 


OYO DEVELOPMENTS LIMITED
 


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

3.


Employees



The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
4



At 31 December 2023
4





5.


Debtors

2023
2022
£
£


Trade debtors
36,921
43,160

Amounts owed by group undertakings
-
724,929

Prepayments and accrued income
40,557
36,174

77,478
804,263


Page 4

 


OYO DEVELOPMENTS LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Building Society loans
66,406
53,657

Amounts owed to group undertakings
642
642

Corporation tax
52,998
142,122

Other taxation and social security
38,261
39,863

Other creditors
166,810
167,745

Accruals and deferred income
263,166
255,487

588,283
659,516


Secured loans
The Building Society loans are secured on several properties owned by the company and via a floating charge over the assets of the company. 


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Building Society loans
1,880,619
2,546,172

1,880,619
2,546,172


Secured loans
The Building Society loans are secured on several properties owned by the company and via a floating charge over the assets of the company. 

 
Page 5