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REGISTERED NUMBER: 04713392 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

OURCO (HOLDINGS) LIMITED

OURCO (HOLDINGS) LIMITED (REGISTERED NUMBER: 04713392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OURCO (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B M Gates
R J Ormond





SECRETARY: Mrs L C Ormond





REGISTERED OFFICE: Tower House
Vale Rise
TONBRIDGE
Kent
TN9 1TB





REGISTERED NUMBER: 04713392 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

OURCO (HOLDINGS) LIMITED (REGISTERED NUMBER: 04713392)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 2,902,724 2,914,224

CURRENT ASSETS
Cash at bank and in hand 189 189

CREDITORS
Amounts falling due within one year 5 (1,240,720 ) (1,248,518 )
NET CURRENT LIABILITIES (1,240,531 ) (1,248,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,662,193

1,665,895

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 1,662,188 1,665,890
SHAREHOLDERS' FUNDS 1,662,193 1,665,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





R J Ormond - Director


OURCO (HOLDINGS) LIMITED (REGISTERED NUMBER: 04713392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ourco (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue represents a partnership profit share received from membership of an LLP.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Going concern
The financial statements for the year ended 31 March 2024 have been prepared on a going concern basis albeit due to the post balance sheet cessation of trade, adjustments have been made where necessary to reflect the assets and liabilities at their net realisable/settlement values.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2023 1,200,000 1,714,224 2,914,224
Disposals - (28,460 ) (28,460 )
Share of profit/(loss) - 16,960 16,960
At 31 March 2024 1,200,000 1,702,724 2,902,724
NET BOOK VALUE
At 31 March 2024 1,200,000 1,702,724 2,902,724
At 31 March 2023 1,200,000 1,714,224 2,914,224

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,200,000 1,200,000
Tax 18,147 27,732
Other creditors 20,773 20,773
Accrued expenses 1,800 13
1,240,720 1,248,518

OURCO (HOLDINGS) LIMITED (REGISTERED NUMBER: 04713392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. RELATED PARTY DISCLOSURES

As at 31 March 2024 the company owed £1,200,000 (2023: £1,200,000) to its subsidiary undertaking, TFC Group (UK) Limited. This loan is unsecured, interest free and repayable on demand and following the cessation of trade in April 2024, are to be repaid in due course.

7. POST BALANCE SHEET EVENTS

The company ceased to trade on 5 April 2024, following the third party disposal by Ourco LLP of its trade and assets. The company is entitled to a share of the profits for the period 1 April to 5 April 2024. These amounts have been accrued for within these accounts for simplicity.

The company is in the process of paying its final debts before entering a 'Members Voluntary Liquidation'.