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REGISTERED NUMBER: 08520871 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Outwood Investments Limited

Outwood Investments Limited (Registered number: 08520871)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Outwood Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R L Worrell
Mrs N J Worrell





SECRETARY: A Bradshaw





REGISTERED OFFICE: Partnership House
Henry Boot Way
Priory Park East
Hull
East Yorkshire
HU4 7DY





REGISTERED NUMBER: 08520871 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD

Outwood Investments Limited (Registered number: 08520871)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,562 2,483
Investments 6 5,484,993 5,485,033
Investment property 7 6,356,874 5,781,334
11,843,429 11,268,850

CURRENT ASSETS
Debtors 8 4,436,258 4,302,800
Cash at bank and in hand 164,202 412,586
4,600,460 4,715,386
CREDITORS
Amounts falling due within one year 9 1,103,508 1,103,943
NET CURRENT ASSETS 3,496,952 3,611,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,340,381

14,880,293

CREDITORS
Amounts falling due after more than one
year

10

8,081,421

7,876,421
NET ASSETS 7,258,960 7,003,872

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 11 7,228,960 6,973,872
7,258,960 7,003,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Outwood Investments Limited (Registered number: 08520871)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





R L Worrell - Director


Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Outwood Investments 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property are shown at cost in the balance sheet.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 2
AMORTISATION
At 1 July 2023
and 30 June 2024 2
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 13,216
Additions 816
At 30 June 2024 14,032
DEPRECIATION
At 1 July 2023 10,733
Charge for year 1,737
At 30 June 2024 12,470
NET BOOK VALUE
At 30 June 2024 1,562
At 30 June 2023 2,483

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 5,485,033
Disposals (40 )
At 30 June 2024 5,484,993
NET BOOK VALUE
At 30 June 2024 5,484,993
At 30 June 2023 5,485,033

Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

GW Time Limited
Registered office: United Kingdom
Nature of business: Estate Agents
%
Class of shares: holding
Ordinary A 90.00
2024 2023
£    £   
Aggregate capital and reserves 325,345 355,030
Profit for the year 330 44,576

Anyname Limited
Registered office: United Kingdom
Nature of business: Dormant Company
%
Class of shares: holding
Ordinary 90.00
2024 2023
£    £   
Aggregate capital and reserves 1,400 1,400

Rooster Developments Limited
Registered office: United Kingdom
Nature of business: Building and civil engineering works
%
Class of shares: holding
Ordinary 33.33
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 174,525 181,051
(Loss)/profit for the year (6,496 ) 189,387

White Venues Limited
Registered office: United Kingdom
Nature of business: Property development
%
Class of shares: holding
Ordinary 33.33
31.1.24 31.1.23
£    £   
Aggregate capital and reserves (20,012 ) (23,740 )
Profit/(loss) for the year 3,728 (19,087 )

Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS - continued

B R Building Contractors (Hull) Limited
Registered office: United Kingdom
Nature of business: Property development
%
Class of shares: holding
Ordinary 55.56
31.5.24 31.5.23
£    £   
Aggregate capital and reserves 426,705 452,393
(Loss)/profit for the year (25,688 ) 15,375

Engagement in Education Limited
Registered office: United Kingdom
Nature of business: Education support services
%
Class of shares: holding
Ordinary 6.70
30.6.23 30.6.22
£    £   
Aggregate capital and reserves (59,424 ) (14,745 )
Loss for the year (44,697 ) (54,540 )

Legalosophy Limited
Registered office: United Kingdom
Nature of business: Legal & claims handling services
%
Class of shares: holding
Ordinary 9.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 2,193,275 2,562,102
(Loss)/profit for the year (903,082 ) 608,043

Outwood Investments Limited own a 9% shareholding in Project Osprey Bidco Limited. Legalosophy Limited are a trading subsidiary of Project Osprey Bidco Limited.

City Quay (London)Limited
Registered office: United Kingdom
Nature of business: Property management
%
Class of shares: holding
Ordinary B 1.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 627,007 1,052,446
(Loss)/profit for the year (425,439 ) 341,784

Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS - continued

Eskimo Soup Limited
Registered office: United Kingdom
Nature of business: Media representation services
%
Class of shares: holding
Ordinary A 20.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 266,466 185,652
Profit/(loss) for the year 80,814 (3,909 )

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 5,781,334
Additions 575,540
At 30 June 2024 6,356,874
NET BOOK VALUE
At 30 June 2024 6,356,874
At 30 June 2023 5,781,334

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,359 3,151
Other debtors 4,431,899 4,299,649
4,436,258 4,302,800

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,289 34,096
Taxation and social security 27,781 747
Other creditors 1,051,438 1,069,100
1,103,508 1,103,943

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 8,081,421 7,876,421

Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RESERVES
Retained
earnings
£   

At 1 July 2023 6,973,872
Profit for the year 257,088
Dividends (2,000 )
At 30 June 2024 7,228,960

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 June 2024 the Company owed R L Worrell £503,116 (2023 - £511,113) in relation to his director's current account. This amount is repayable on demand and no interest is charged on the outstanding balance.

At 30 June 2024 the Company owed R L Worrell £8,081,421 (2023 - £7,876,421) in relation to his director's loan account. This loan is not due to be repaid in the immediate 12 months from the balance sheet date and is therefore recognised as such in the company's balance sheet.

At 30 June 2024 the Company owed N Worrell £97,531 (2023- £96,851) in relation to her director's current account. This amount is repayable on demand and no interest is charged on the outstanding balance.

Outwood Investments Limited (Registered number: 08520871)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. RELATED PARTY DISCLOSURES

Cybro Holdings Limited

At 30 June 2024 the Company was owed £766,970 (2023 - £826,970) by Cybro Holdings Limited, a company which R L Worrell is a director and shareholder. This loan is repayable on demand on a mixture of interest free loans and loans at a rate of 3% above base. Interest of £49,908 (2023 - £41,188) was charged during the year.

Inspire Vivariums Limited

At 30 June 2024 the Company was owed £445,204 (2023 - £445,204) by Inspire Vivariums Limited, a company which R L Worrell is a shareholder. This loan is interest free and repayable on demand.

Engagement in Education Limited

At 30 June 2024 the Company was owed £172 (2023 - £172) by Engagement in Education Limited, a company which Outwood Investments Limited and R L Worrell are both shareholders of. This loan is interest free and repayable on demand.

Rooster Developments Limited

At 30 June 2024 the Company was owed £840,000 (2023 - £500,000) by Rooster Developments Limited, a Company that Outwood Investments Limited is a 33.33% shareholder of. Interest of £12,350 (2023- £NIL) has been charged during the year.

White Venues Limited

At 30 June 2024 the Company was owed £500,000 (2023 - £500,000) by White Venues Limited, a Company that Outwood Investments Limited is a 33.33% shareholder of. Interest will be charged at 3% above the base rate on this loan when it is repaid.

Legalosophy Limited

At 30 June 2024 the company was owed £1,000,000 (2023 - £1,000,000) by Legalosophy Limited, a Company that Outwood Investments Limited is a 9% shareholder of. Interest is charged at 5% above the basic rate. Interest of £107,106 (2023 - £38,846) was charged during the year.

Tower Residential Care Limited

During the year, the company loaned Tower Residential Care Limited £301,292. Interest is charged at 3% above the base rate. Interest of £14,887 was charged during the year.

B R Building Contractors (Hull) Limited
At 30 June 2024 Outwood Investments Limited owed B R Building Contractors (Hull) Limited £425,000 (2023 - £425,000). This loan is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.