REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 May 2024 |
for |
OR Walks Holdings Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 May 2024 |
for |
OR Walks Holdings Limited |
OR Walks Holdings Limited (Registered number: 08976676) |
Contents of the Financial Statements |
for the Year Ended 29 May 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
OR Walks Holdings Limited |
Company Information |
for the Year Ended 29 May 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
OR Walks Holdings Limited (Registered number: 08976676) |
Balance Sheet |
29 May 2024 |
29.5.24 | 29.5.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
OR Walks Holdings Limited (Registered number: 08976676) |
Balance Sheet - continued |
29 May 2024 |
The financial statements were approved by the director and authorised for issue on |
OR Walks Holdings Limited (Registered number: 08976676) |
Notes to the Financial Statements |
for the Year Ended 29 May 2024 |
1. | STATUTORY INFORMATION |
OR Walks Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the company's net current liability position at the year end and continuing to make losses the financial statements have been prepared on a going concern basis as the company has the continued support of its director and subsidiary undertakings. |
Preparation of consolidated financial statements |
The financial statements contain information about OR Walks Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover represents the fair value of the consideration of rents received and the sale of goods excluding value added tax. Turnover is recognised when the goods are consumed or when the rental income is due. |
Investments in subsidiaries |
Investments included in the company balance sheet are recorded at cost less any provisions for impairment. |
Financial instruments |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
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. |
OR Walks Holdings Limited (Registered number: 08976676) |
Notes to the Financial Statements - continued |
for the Year Ended 29 May 2024 |
2. | ACCOUNTING POLICIES - continued |
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 NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 30 May 2023 |
and 29 May 2024 |
NET BOOK VALUE |
At 29 May 2024 |
At 29 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.5.24 | 29.5.23 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.5.24 | 29.5.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.5.24 | 29.5.23 |
£ | £ |
Bank loans |
OR Walks Holdings Limited (Registered number: 08976676) |
Notes to the Financial Statements - continued |
for the Year Ended 29 May 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
29.5.24 | 29.5.23 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans due after 5 years | - | 620 |
8. | RELATED PARTY DISCLOSURES |
M J Girling is also a director of Old Ropewalks Limited. Included in debtors as at 29th May 2024 is £5,721 (2023 £5,461) owing from Old Ropewalks Limited. |
M J Girling is also a director of TB & TG Limited. Included in creditors as at 29th May 2024 is £100 (2023 £100) owing to TB & TG Limited. |
M J Girling is also a director of OR Bold Street Limited. Included in creditors as at 29th May 2024 is £100 (2023 £1,000) owing to OR Bold Street Limited. |
These loans are interest free and repayable on demand. |