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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of Oliver U. Tallett (Holdings) Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 00657925
OLIVER U. TALLETT (HOLDINGS) LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2024
OLIVER U. TALLETT (HOLDINGS) LIMITED
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF OLIVER U. TALLETT (HOLDINGS) LIMITED
YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Oliver U. Tallett (Holdings) Limited for the year ended 30 June 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
29 January 2025
OLIVER U. TALLETT (HOLDINGS) LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
785,373
784,437
Investments
4
5,151
5,151
Cash at bank and in hand
28,443
29,645
------------
------------
818,967
819,233
Creditors: amounts falling due within one year
26,543
24,683
------------
------------
Net current assets
792,424
794,550
------------
------------
Total assets less current liabilities
792,424
794,550
------------
------------
Net assets
792,424
794,550
------------
------------
Capital and reserves
Called up share capital
40,100
40,100
Profit and loss account
752,324
754,450
------------
------------
Shareholders funds
792,424
794,550
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
OLIVER U. TALLETT (HOLDINGS) LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
R C Gibbins
J W Thomas
Director
Director
Company registration number: 00657925
OLIVER U. TALLETT (HOLDINGS) LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN, United Kingdom.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
2024
2023
£
£
Unlisted investments
5,151
5,151
------------
------------
5. Directors' Advances, Credits and Guarantees
Amounts owed to the director at the balance sheet date are included in creditors and totalled £25,043 (2023: £23,683).
6. Related Party Transactions
At the balance sheet date the company was owed £785,373 (2023: £784,437) by its subsidiary Oliver U. Tallett Limited.