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img369a.png






Financial Statements
British Centres for Business Overseas Limited
For the year ended 31 March 2024





































Registered number: 08920027

 
British Centres for Business Overseas Limited
 

Company Information


Directors
Gareth Hagan 
Mark O'Connell 




Registered number
08920027



Registered office
C/O OCO Global
1 Waterhouse Square

London

England

EC1N 2ST




Independent auditor
Grant Thornton (NI) LLP
Chartered Accountants & Statutory Auditors

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
First Abu Dhabi
Sheik Zayed Road

Dubai





 
British Centres for Business Overseas Limited
 

Contents



Page
Independent auditor's report
1 - 4
Balance sheet
5
Statement of changes in equity
6
Notes to the financial statements
7 - 16


 
 
img7189.png
 
Independent auditor's report to the members of British Centres for Business Overseas Limited
 
Opinion


We have audited the financial statements of British Centres for Business Overseas Limited, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity for the financial year ended 31 March 2024, and the related notes to the financial statements, including a summary of significant accounting policies.  

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion, British Centres for Business Overseas Limited's financial statements:


give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice of the assets, liabilities and financial position of the Company as at 31 March 2024 and of its financial performance for the financial year then ended; and


have been prepared in accordance with the requirements of the Companies Act 2006.



Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) ('ISAs (UK)') and applicable law. Our responsibilities under those standards are further described in the 'Responsibilities of the auditor for the audit of the financial statements' section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, namely the FRC's Ethical Standard and the ethical pronouncements established by Chartered Accountants Ireland, applied as determined to be appropriate in the circumstances of the entity. We have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern



In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities, and the responsibilities of the directors, with respect to going concern are described in the relevant sections of this report.



Page 1

 
 
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Independent auditor's report to the members of British Centres for Business Overseas Limited (continued)

Other information


Other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon, including the Directors' report. The directors are responsible for the other information. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statementsour responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies in the financial statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:
the information given in the Directors' report  for the financial year for which the financial statements are prepared is consistent with the financial statements, and 
the Directors' report  has been prepared in accordance with applicable legal requirements. 


Matters on which we are required to report by exception


In the light of the knowledge and understanding of the Company and its environment we have obtained in the course of the audit, we have not identified material misstatements in the  Directors' report .

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the directors were not entitled to take advantage of the small companies' exemptions from the  requirement to prepare a strategic report or in preparing the Directors' report.

Page 2

 
 
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Independent auditor's report to the members of British Centres for Business Overseas Limited (continued)

Responsibilities of management and those charged with governance for the financial statements
 

Management is responsible for the preparation of the financial statements which give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102 and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.


Those charged with governance are responsible for overseeing the Company's financial reporting process.

Responsibilities of the auditor for the audit of the financial statements
 

The objectives of an auditor are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes their opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of an auditor's responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISAs (UK).

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to Data Privacy Law, Employment Law and Health and Safety Laws and we considered the. extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Companies Act 2006 and applicable tax laws. The Audit engagement partner considered the experience and expertise of the engagement team to ensure that the team had appropriate competence and capabilities to identify or recognise non-compliance with the laws and regulation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial performance and management bias through judgements and assumptions in significant accounting estimates, in particular in relation to significant one-off or unusual transactions. We apply professional scepticism through the audit to consider potential deliberate omission or concealment of significant transactions, or incomplete/inaccurate disclosures in the financial statements.
Page 3

 
 
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Independent auditor's report to the members of British Centres for Business Overseas Limited (continued)

In response to these principal risks, our audit procedures included but were not limited to:
 
enquiries of management on the policies and procedures in place regarding compliance with laws and regulations, including consideration of known or suspected instances of non-compliance and whether they have knowledge of any actual, suspected or alleged fraud;
inspection of the Company’s regulatory and legal correspondence and review of minutes of board meetings during the year to corroborate inquiries made;
gaining an understanding of the entity’s current activities, the scope of authorisation and the effectiveness of its control environment to mitigate risks related to fraud;
discussion amongst the engagement team in relation to the identified laws and regulations and regarding the risk of fraud, and remaining alert to any indications of non-compliance or opportunities for fraudulent manipulation of financial statements throughout the audit;
identifying and testing journal entries to address the risk of inappropriate journals and management override of controls;
designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing;
challenging assumptions and judgments made by management in their significant accounting estimates, including impairment assessment of assets and revenue recognition;
review of the financial statement disclosures to underlying supporting documentation and inquiries of management.

The primary responsibility for the prevention and detection of irregularities including fraud rests with those charged with governance and management. As with any audit, there remains a risk of non-detection or irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or override of internal controls.

The purpose of our audit work and to whom we owe our responsibilities
 

This report is made solely to the Company’s members, as a body, in accordance with chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.



 
 
Louise Kelly FCA (Senior statutory auditor)
for and on behalf of
Grant Thornton (NI) LLP
Chartered Accountants & Statutory Auditors
Belfast
31 March 2025
Page 4

 
British Centres for Business Overseas Limited
Registered number:08920027

Balance sheet
As at 31 March 2024

2024
2023
Note
AED
AED

Fixed assets
  

Tangible assets
 6 
40,348
26,863

Current assets
  

Debtors: amounts falling due after more than one year
 7 
81,115
79,020

Debtors: amounts falling due within one year
 7 
264,986
606,742

Cash at bank and in hand
 8 
427,801
150,682

  
773,902
836,444

Current liabilities
  

Creditors: amounts falling due within one year
 9 
(3,009,082)
(3,486,798)

Net current liabilities
  
 
 
(2,235,180)
 
 
(2,650,354)

Total assets less current liabilities
  
(2,194,832)
(2,623,491)

Creditors: amounts falling due after more than one year
 10 
(691,653)
(684,709)

Net liabilities
  
(2,886,485)
(3,308,200)


Capital and reserves
  

Called up share capital 
 11 
11
11

Profit and loss account
 12 
(2,886,496)
(3,308,211)

Shareholders' deficit
  
(2,886,485)
(3,308,200)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Gareth Hagan
Director

Date: 31 March 2025

The notes on pages 7 to 16 form part of these financial statements.

Page 5

 
British Centres for Business Overseas Limited
 

Statement of changes in equity
For the year ended 31 March 2024


Called up share capital
Profit and loss account
Total equity

AED
AED
AED

At 1 April 2023
11
(3,308,211)
(3,308,200)


Comprehensive loss for the year

Profit for the year
-
421,715
421,715


At 31 March 2024
11
(2,886,496)
(2,886,485)



Statement of changes in equity
For the year ended 31 March 2023


Called up share capital
Profit and loss account
Total equity

AED
AED
AED

At 1 April 2022
11
(233,683)
(233,672)


Comprehensive loss for the year

Loss for the year
-
(3,074,528)
(3,074,528)


At 31 March 2023
11
(3,308,211)
(3,308,200)


The notes on pages 7 to 16 form part of these financial statements.

Page 6

 
British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

British Centres for Business Overseas Limited is a company incorporated in the United Kingdom,  limited by shares and is registered at 2 Stephen Street, London, England W1T 1AN. The Company is a business-to-business professional services company established with the mandate to provide operational support and market entry services in the UAE to British companies. The principal activity is the provision of an export incubator platform in Dubai. The Company has a branch registered in Dubai.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, due to the ongoing financial support from the parent company OCO Global Limited. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is UAE, Dirham, AED.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 7

 
British Centres for Business Overseas Limited
 

Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
 
Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 8

 
British Centres for Business Overseas Limited
 

Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
3 years straight line
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.9

 Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 9

 
British Centres for Business Overseas Limited
 

Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and 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 the Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 10

 
British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. There were no judgements made in applying the financial standards to these financial statements.

Estimates:

The key estimates applied in these financial statements are:

Amounts recoverable on contracts:

Estimates are made in respect of the valuation of amounts recoverable on contracts at the year end, based on the stage of completion of the project against budgeted costs. When assessing the level of provisions required, factors including current trading experience, historical experience and ageing of debt are considered.


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
17
17

Page 11

 
British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

5.


Intangible assets




Development expenditure

AED



Cost


At 1 April 2023
9,361



At 31 March 2024

9,361



Amortisation


At 1 April 2023
9,361



At 31 March 2024

9,361



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 12

 
British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

6.


Tangible fixed assets





Long-term leasehold property
Computer equipment
Total

AED
AED
AED



Cost or valuation


At 1 April 2023
32,800
126,949
159,749


Additions
-
34,865
34,865



At 31 March 2024

32,800
161,814
194,614



Depreciation


At 1 April 2023
32,800
100,086
132,886


Charge for the year
-
21,380
21,380



At 31 March 2024

32,800
121,466
154,266



Net book value



At 31 March 2024
-
40,348
40,348



At 31 March 2023
-
26,863
26,863

Page 13

 
British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

7.


Debtors

2024
2023
AED
AED

Due after more than one year

Other debtors
81,115
79,020


Other debtors relate to amounts held on deposit.

2024
2023
AED
AED

Due within one year

Trade debtors
87,324
302,176

Other debtors
5,828
49,950

Prepayments and accrued income
171,834
254,616

264,986
606,742


Trade debtors and other debtors, are receivable at various dates in the coming months in accordance with standard credit terms. Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
Accrued income is due in line with usual customary credit terms.


8.


Cash and cash equivalents

2024
2023
AED
AED

Cash at bank and in hand
427,801
150,682


Page 14

 
British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

9.


Creditors: Amounts falling due within one year

2024
2023
AED
AED

Trade creditors
179,744
187,176

Amounts owed to group undertakings
2,416,498
2,561,471

Corporation tax
-
3,432

Other taxation and social security
3,760
1,547

Accruals and deferred income
164,102
733,172

Other creditors
244,978
-

3,009,082
3,486,798


Trade and other creditors, including accruals are payable at various dates of the coming months in accordance with suppliers' usual customary credit terms. Amounts owed to group undertakings are interest free, unsecured and repayable on demand.
Deferred income is payable in line with the creditor terms agreed with the customer.
Corporation tax and other taxes including social insurance are repayable at various dates over the coming months in line with the various statutory provisions.


10.


Creditors: Amounts falling due after more than one year

2024
2023
AED
AED

Accrued employee benefits
691,653
684,709



11.


Share capital

2024
2023
AED
AED
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of AED5.50 each
11
11



12.


Reserves

Called up share capital

Represents the nominal value of shares that have been issued.

Profit and loss account

Includes all current and prior period retained profits and losses.

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British Centres for Business Overseas Limited
 
 
Notes to the financial statements
For the year ended 31 March 2024

13.


Auditors remuneration

Fees paid in respect of audit services paid to the auditor were AED 34,000 (2023: AED 32,000). There were no non-audit services provided by the audit firm in the financial year (2023: AED Nil).


14.


Post balance sheet events

There have been no significant events affecting the Company since the year end.


15.


Ultimate parent and controlling party

The Company's ultimate parent and controlling party is OCO Global Limited by virtue of owning 100% of the issued share capital. OCO Global Limited is a company who is domiciled and registered in the United Kingdom. The registered office is 6 Citylink Business Park, Belfast BT12 4HB. The Company's ultimate parent undertaking and the undertaking of the only group of undertakings for which group financial statements are drawn up and of which British Centres for Business Overseas Limited is a member is OCO Global Limited, Group financial statements may be obtained by writing to the registered office noted above.


Page 16