Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr Y Ali 22/08/2024 11/01/2022 Mr N Arnhold 22/08/2024 11/01/2022 Mr H Campion 11/01/2022 Mr J Kaplan 22/08/2024 Mr T Sales 22/08/2024 18 March 2025 The principal activity of the Company during the financial year was that of a holding company. 13840929 2024-06-30 13840929 bus:Director1 2024-06-30 13840929 bus:Director2 2024-06-30 13840929 bus:Director3 2024-06-30 13840929 bus:Director4 2024-06-30 13840929 bus:Director5 2024-06-30 13840929 2023-06-30 13840929 core:CurrentFinancialInstruments 2024-06-30 13840929 core:CurrentFinancialInstruments 2023-06-30 13840929 core:Non-currentFinancialInstruments 2024-06-30 13840929 core:Non-currentFinancialInstruments 2023-06-30 13840929 core:ShareCapital 2024-06-30 13840929 core:ShareCapital 2023-06-30 13840929 core:SharePremium 2024-06-30 13840929 core:SharePremium 2023-06-30 13840929 core:RetainedEarningsAccumulatedLosses 2024-06-30 13840929 core:RetainedEarningsAccumulatedLosses 2023-06-30 13840929 core:CostValuation 2023-06-30 13840929 core:CostValuation 2024-06-30 13840929 core:CurrentFinancialInstruments core:Secured 2024-06-30 13840929 bus:OrdinaryShareClass1 2024-06-30 13840929 bus:PreferenceShareClass1 2024-06-30 13840929 2023-07-01 2024-06-30 13840929 bus:FilletedAccounts 2023-07-01 2024-06-30 13840929 bus:SmallEntities 2023-07-01 2024-06-30 13840929 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13840929 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13840929 bus:Director1 2023-07-01 2024-06-30 13840929 bus:Director2 2023-07-01 2024-06-30 13840929 bus:Director3 2023-07-01 2024-06-30 13840929 bus:Director4 2023-07-01 2024-06-30 13840929 bus:Director5 2023-07-01 2024-06-30 13840929 2022-07-01 2023-06-30 13840929 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 13840929 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 13840929 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 13840929 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 13840929 bus:PreferenceShareClass1 2023-07-01 2024-06-30 13840929 bus:PreferenceShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13840929 (England and Wales)

OMM GROUP HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

OMM GROUP HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

OMM GROUP HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
OMM GROUP HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 4,961,158 4,961,158
4,961,158 4,961,158
Current assets
Debtors 4 0 60,153
0 60,153
Creditors: amounts falling due within one year 5 ( 2,288,836) ( 2,076,681)
Net current liabilities (2,288,836) (2,016,528)
Total assets less current liabilities 2,672,322 2,944,630
Creditors: amounts falling due after more than one year 6 ( 875,157) ( 1,234,556)
Net assets 1,797,165 1,710,074
Capital and reserves
Called-up share capital 7 1,094,807 1,094,807
Share premium account 701,578 701,578
Profit and loss account 780 ( 86,311 )
Total shareholders' funds 1,797,165 1,710,074

For the financial 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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of OMM Group Holdings LTD (registered number: 13840929) were approved and authorised for issue by the Board of Directors on 18 March 2025. They were signed on its behalf by:

Mr H Campion
Director
OMM GROUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
OMM GROUP HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

OMM Group Holdings LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 & 2 Trade City, Clivemont Road, Maidenhead, SL6 7DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 4,961,158
At 30 June 2024 4,961,158
Carrying value at 30 June 2024 4,961,158
Carrying value at 30 June 2023 4,961,158

4. Debtors

2024 2023
£ £
Prepayments 0 60,153

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 1,334,188 1,308,977
Amounts owed to Group undertakings 654,648 467,704
Amounts owed to directors 50,000 50,000
Other creditors 250,000 250,000
2,288,836 2,076,681

The bank loans are secured by way of a fixed charge over the assets held by the company and all present and future assets and undertakings of the company.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 312,657 672,056
Other creditors 562,500 562,500
875,157 1,234,556

The bank loans are secured by way of a fixed charge over the assets held by the company and all present and future assets and undertakings of the company.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
9,500 Ordinary shares of £ 1.00 each 9,500 9,500
1,085,307 Preference shares of £ 1.00 each 1,085,307 1,085,307
1,094,807 1,094,807

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the directors, at the balance sheet date 50,000 50,000

Amounts owed to directors are repayable on demand and do not bear interest.

The company has taken advantage of the exemption available under FRS 102 S1A.C.35 to not disclose transactions with other entities within a wholly owned group.