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REGISTERED NUMBER: 11884065 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

O V HOLDINGS LIMITED

O V HOLDINGS LIMITED (REGISTERED NUMBER: 11884065)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


O V HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs Rosa Maria Mauro
Mr Oreste Vito Mauro
Mrs Onofria Mauro
Mr Nicholas Mauro





REGISTERED OFFICE: 93 High Street
Evesham
United Kingdom
Worcestershire
WR11 4DU





REGISTERED NUMBER: 11884065 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

O V HOLDINGS LIMITED (REGISTERED NUMBER: 11884065)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,211,548 1,233,672

CURRENT ASSETS
Debtors 5 224,188 185,657
Cash at bank and in hand 60,132 32,889
284,320 218,546
CREDITORS
Amounts falling due within one year 6 1,221,634 1,288,090
NET CURRENT LIABILITIES (937,314 ) (1,069,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,234

164,128

CAPITAL AND RESERVES
Called up share capital 240 240
Retained earnings 273,994 163,888
274,234 164,128

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 24 July 2024 and were signed on its behalf by:




Mr Oreste Vito Mauro - Director


O V HOLDINGS LIMITED (REGISTERED NUMBER: 11884065)

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


1. STATUTORY INFORMATION

O V 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

O V HOLDINGS LIMITED (REGISTERED NUMBER: 11884065)

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


4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 April 2023 1,114,804 148,585 1,263,389
Additions - 1,974 1,974
At 31 March 2024 1,114,804 150,559 1,265,363
DEPRECIATION
At 1 April 2023 - 29,717 29,717
Charge for year - 24,098 24,098
At 31 March 2024 - 53,815 53,815
NET BOOK VALUE
At 31 March 2024 1,114,804 96,744 1,211,548
At 31 March 2023 1,114,804 118,868 1,233,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Deferred Tax 224,188 185,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,546 22,614
Social security and other taxes 596 236
VAT 10,303 4,018
Directors' current accounts 1,201,689 1,256,722
Accrued expenses 2,500 4,500
1,221,634 1,288,090

7. RELATED PARTY DISCLOSURES

In year transactions of £2,151 has been paid to Director's leading to a total amount of £1,201,689 still owed to Directors via Director's Loan Account as at 31st March 2024.