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Company Registration No. 01554311 (England and Wales)
Ovalmere (1993) Limited Unaudited accounts for the year ended 30 April 2024
Ovalmere (1993) Limited Unaudited accounts Contents
Page
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Ovalmere (1993) Limited Company Information for the year ended 30 April 2024
Director
S N Marshall
Secretary
S N Marshall
Company Number
01554311 (England and Wales)
Registered Office
11 Orchard Way Burgess Hill West Sussex RH15 9PB England
Accountants
SWP Chartered Accountants Unit 4 Basepoint Andersons Road Southampton SO14 5FE
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Ovalmere (1993) Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
34,748 
Current assets
Debtors
4,887 
4,887 
Cash at bank and in hand
9,485 
7,272 
14,372 
12,159 
Creditors: amounts falling due within one year
(6,749)
(27,280)
Net current assets/(liabilities)
7,623 
(15,121)
Total assets less current liabilities
7,623 
19,627 
Creditors: amounts falling due after more than one year
(1,782)
(3,282)
Net assets
5,841 
16,345 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,741 
16,245 
Shareholders' funds
5,841 
16,345 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2025 and were signed on its behalf by
S N Marshall Director Company Registration No. 01554311
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Ovalmere (1993) Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Ovalmere (1993) Limited is a private company, limited by shares, registered in England and Wales, registration number 01554311. The registered office is 11 Orchard Way, Burgess Hill, West Sussex, RH15 9PB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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Ovalmere (1993) Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 May 2023
34,748 
Disposals
(34,748)
At 30 April 2024
- 
Depreciation
At 30 April 2024
- 
Net book value
At 30 April 2024
- 
At 30 April 2023
34,748 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,887 
4,887 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,442 
1,442 
Taxes and social security
290 
331 
Other creditors
- 
14,635 
Loans from directors
3,217 
6,582 
Accruals
1,800 
4,290 
6,749 
27,280 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,782 
3,282 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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