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COMPANY REGISTRATION NUMBER: 8404632
O'Malley Management Limited
Unaudited Financial Statements
31 December 2023
O'Malley Management Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3
O'Malley Management Limited
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr. A. O'Malley
Mr. T. O'Malley
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 September 2024 and signed on behalf of the board by:
Mr. A. O'Malley
Director
Registered office:
Hilfield Lane
Aldenham
Watford
Herts
WD25 8DT
O'Malley Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
100
100
----
----
Net current assets
100
100
----
----
Total assets less current liabilities
100
100
----
----
Capital and reserves
Called up share capital
5
100
100
----
----
Shareholder funds
100
100
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 September 2024 , and are signed on behalf of the board by:
Mr. A. O'Malley
Director
Company registration number: 8404632
O'Malley Management Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hilfield Lane, Aldenham, Watford, Herts, WD25 8DT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholder funds during the current year or prior year.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2023
2022
£
£
Amounts owed by group undertakings
100
100
----
----
5. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
6. Related party transactions
O'Malley Management Limited is a 100% owned subsidiary of New Ach Limited. New Ach Limited intends to prepare consolidated accounts therefore O'Malley Management Limited has taken advantage of the exemption contained within FRS 102 which eliminates the requirement to report related party balances.
7. Controlling party
100% of the share capital is owned by New Ach Limited. The directors consider this to be the ultimate parent company. The group consolidated accounts can be obtained from the company's registered office; the address is stated on page 2 of these accounts.