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REGISTERED NUMBER: 02928914 (England and Wales)














ORGANISATION DEVELOPMENT & RESEARCH
LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ORGANISATION DEVELOPMENT & RESEARCH
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: A Sahdev





SECRETARY: A Sahdev





REGISTERED OFFICE: Unit 3 Haybarn Business Park
Cublington Road
Aston Abbotts
Buckinghamshire
HP22 4ND





REGISTERED NUMBER: 02928914 (England and Wales)





AUDITORS: Miller & Co
Chartered Accountants
Statutory Auditors
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 8,019 13,673
Investments 7 76 76
Investment property 8 350,000 350,000
358,095 363,749

CURRENT ASSETS
Debtors 9 2,886,203 2,010,442
Cash at bank 1,484,312 1,624,681
4,370,515 3,635,123
CREDITORS
Amounts falling due within one year 10 520,651 161,551
NET CURRENT ASSETS 3,849,864 3,473,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,207,959

3,837,321

PROVISIONS FOR LIABILITIES 3,810 5,215
NET ASSETS 4,204,149 3,832,106

CAPITAL AND RESERVES
Called up, paid and allotted share capital 12 1,000 1,000
Non-distributable reserves 13 5,525 5,525
Retained earnings 13 4,197,624 3,825,581
SHAREHOLDERS' FUNDS 4,204,149 3,832,106

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 director and authorised for issue on 10 January 2025 and were signed by:





A Sahdev - Director


ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Organisation Development & Research 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Amortisation is provided in order to write off intangible assets over their estimated useful life.

Website development costs - 25% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investment in subsidiary company is held at cost less accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 March 2024 7,600
AMORTISATION
At 1 April 2023
and 31 March 2024 7,600
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 62,159
Disposals (3,964 )
At 31 March 2024 58,195
DEPRECIATION
At 1 April 2023 48,486
Charge for year 2,681
Eliminated on disposal (991 )
At 31 March 2024 50,176
NET BOOK VALUE
At 31 March 2024 8,019
At 31 March 2023 13,673

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 76
NET BOOK VALUE
At 31 March 2024 76
At 31 March 2023 76

The company owns 100% of the ordinary share capital of its subsidiary, ODRL Europe Ltd (2023 £76). ODRL Europe Ltd is incorporated in the Republic of Ireland.

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 31 March 2023 350,000

ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 7,367
Cost 342,633
350,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 342,633 342,633

The investment property was valued on an open market basis on 31 March 2024 by the director .

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,943 357,412
Other debtors 2,866,260 1,653,030
2,886,203 2,010,442

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 116,534 28,431
Taxation and social security 348,171 109,115
Other creditors 55,946 24,005
520,651 161,551

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 74,380 62,604

12. CALLED UP, PAID AND ALLOTTED SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

ORGANISATION DEVELOPMENT & RESEARCH
LIMITED (REGISTERED NUMBER: 02928914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

13. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2023 3,825,581 5,525 3,831,106
Profit for the year 1,037,043 1,037,043
Dividends (665,000 ) (665,000 )
At 31 March 2024 4,197,624 5,525 4,203,149

14. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Healy (Senior Statutory Auditor)
for and on behalf of Miller & Co

15. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans in aggregate of £45 were repaid by the company. At the year end the director was owed £532.


During the year loans totalling £6,125 were provided to wholly owned subsidiary ODRL Europe Limited. Loans are interest free and repayable on demand. At the year end the balance owed to the company was £8,488.