Caseware UK (AP4) 2023.0.135 2023.0.135 Licensed restaurants2023-01-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13163871 2023-01-01 2023-12-31 13163871 2022-01-01 2022-12-31 13163871 2023-12-31 13163871 2022-12-31 13163871 c:Director2 2023-01-01 2023-12-31 13163871 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 13163871 d:Buildings d:ShortLeaseholdAssets 2023-12-31 13163871 d:Buildings d:ShortLeaseholdAssets 2022-12-31 13163871 d:PlantMachinery 2023-01-01 2023-12-31 13163871 d:PlantMachinery 2023-12-31 13163871 d:PlantMachinery 2022-12-31 13163871 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13163871 d:FurnitureFittings 2023-01-01 2023-12-31 13163871 d:FurnitureFittings 2023-12-31 13163871 d:FurnitureFittings 2022-12-31 13163871 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13163871 d:ComputerEquipment 2023-01-01 2023-12-31 13163871 d:ComputerEquipment 2023-12-31 13163871 d:ComputerEquipment 2022-12-31 13163871 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13163871 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13163871 d:ComputerSoftware 2023-12-31 13163871 d:ComputerSoftware 2022-12-31 13163871 d:CurrentFinancialInstruments 2023-12-31 13163871 d:CurrentFinancialInstruments 2022-12-31 13163871 d:Non-currentFinancialInstruments 2023-12-31 13163871 d:Non-currentFinancialInstruments 2022-12-31 13163871 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13163871 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13163871 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13163871 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13163871 d:ShareCapital 2023-12-31 13163871 d:ShareCapital 2022-12-31 13163871 d:RetainedEarningsAccumulatedLosses 2023-12-31 13163871 d:RetainedEarningsAccumulatedLosses 2022-12-31 13163871 c:FRS102 2023-01-01 2023-12-31 13163871 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13163871 c:FullAccounts 2023-01-01 2023-12-31 13163871 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13163871 d:WithinOneYear 2023-12-31 13163871 d:WithinOneYear 2022-12-31 13163871 d:BetweenOneFiveYears 2023-12-31 13163871 d:BetweenOneFiveYears 2022-12-31 13163871 d:MoreThanFiveYears 2023-12-31 13163871 d:MoreThanFiveYears 2022-12-31 13163871 2 2023-01-01 2023-12-31 13163871 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 13163871 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















OB UK Holdings Ltd























Unaudited

Financial statements



For the year ended 31 December 2023



Registered number: 13163871

 
OB UK Holdings Ltd - Registered number:13163871

Statement of financial position
As at 31 December 2023

As restated
As restated
2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
979
1,512

Tangible assets
 5 
952,511
1,096,958

  
953,490
1,098,470

Current assets
  

Stocks
  
602,095
91,740

Debtors
 6 
276,489
275,749

Cash at bank and in hand
  
377,388
1,548,910

  
1,255,972
1,916,399

Creditors: amounts falling due within one year
 7 
(1,035,834)
(1,518,077)

Net current assets
  
 
 
220,138
 
 
398,322

Total assets less current liabilities
  
1,173,628
1,496,792

Creditors: amounts falling due after more than one year
  
(2,594,439)
(2,655,570)

  

Net liabilities
  
(1,420,811)
(1,158,778)


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
(1,420,911)
(1,158,878)

  
(1,420,811)
(1,158,778)


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.
Page 1

 
OB UK Holdings Ltd - Registered number:13163871

Statement of financial position (continued)
As at 31 December 2023

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: 




J M Camacho
Director

Date: 14 January 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
OB UK Holdings Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

1.


General information

OB UK Holdings Ltd ('the company') is a private company limited by shares and incorporated in England and Wales. Its registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and the principal place of business is 12 and 13, Market Square, Bromley, BR1 1NA. The company registration number is 13163871.

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 Section 1A of Financial Reporting Standard 102, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS102') and the Companies Act
2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from the parent company that it will continue to give financial support to the company for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be
made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which
might be necessary should this basis not continue to be appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
OB UK Holdings Ltd


Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the life of the lease
Plant and machinery
-
10 years straight line
Fixtures and fittings
-
10 years straight line
Computer equipment
-
5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
OB UK Holdings Ltd


Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on
notice of not more than 24 hours.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.


3.


Employees

The average monthly number of employees, including the directors, during the year was 6 (2022 - 6).

Page 5

 
OB UK Holdings Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
1,601



At 31 December 2023

1,601



Amortisation


At 1 January 2023
89


Charge for the year
533



At 31 December 2023

622



Net book value



At 31 December 2023
979



At 31 December 2022
1,512



Page 6

 
OB UK Holdings Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost


At 1 January 2023
806,270
314,654
33,179
11,834
1,165,937


Additions
8,032
7,135
-
-
15,167


Disposals
-
(18,943)
-
(154)
(19,097)



At 31 December 2023

814,302
302,846
33,179
11,680
1,162,007



Depreciation


At 1 January 2023
50,819
15,887
1,295
978
68,979


Charge for the year
101,692
33,065
3,540
2,472
140,769


Disposals
-
(206)
-
(46)
(252)



At 31 December 2023

152,511
48,746
4,835
3,404
209,496



Net book value



At 31 December 2023
661,791
254,100
28,344
8,276
952,511



At 31 December 2022
755,451
298,767
31,884
10,856
1,096,958

Page 7

 
OB UK Holdings Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
15,881
34,899

Other debtors
198,152
195,491

Prepayments
62,456
45,359

276,489
275,749



7.


Creditors: amounts falling due within one year

As restated
2023
2022
£
£

Trade creditors
974,153
820,888

Amounts owed to group undertakings
31,745
661,638

Other taxation and social security
21,199
7,300

Other creditors
787
16,563

Accruals
7,950
11,688

1,035,834
1,518,077



8.


Creditors: Amounts falling due after more than one year

As restated
2023
2022
£
£

Amounts owed to group undertakings
2,594,439
2,655,570

2,594,439
2,655,570


The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2023
2022
£
£


Repayable by instalments
2,594,439
2,655,570

2,594,439
2,655,570



Page 8

 
OB UK Holdings Ltd
 

Notes to the financial statements
For the year ended 31 December 2023

9.


Prior year adjustment

During the year it was discovered that a long term loan payable by the company was miscategorised as a current loan in prior periods. Accounting for this error relating to prior periods had the following impact in the year ended 31 December 2022:
           - Reduce current liabilities by £2,655,570
           - Increase non-current liabilities by £2,655,570
 


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately
from those of the company in an independently administered fund. The pension cost charge represents
contributions payable by the company to the fund and amounted to £27,076 (2022 - £12,365). At 31 December
2023, the amount due to the fund was £nil (2022 - £nil).


11.


Commitments under operating leases

At 31 December 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
95,000
95,000

Later than 1 year and not later than 5 years
380,000
380,000

Later than 5 years
752,083
847,083

1,227,083
1,322,083


Page 9