Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-3022023-05-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12465062 2023-05-01 2024-04-30 12465062 2022-05-01 2023-04-30 12465062 2024-04-30 12465062 2023-04-30 12465062 c:Director1 2023-05-01 2024-04-30 12465062 c:Director2 2023-05-01 2024-04-30 12465062 d:OfficeEquipment 2023-05-01 2024-04-30 12465062 d:OfficeEquipment 2024-04-30 12465062 d:OfficeEquipment 2023-04-30 12465062 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12465062 d:CurrentFinancialInstruments 2024-04-30 12465062 d:CurrentFinancialInstruments 2023-04-30 12465062 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 12465062 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12465062 d:ShareCapital 2024-04-30 12465062 d:ShareCapital 2023-04-30 12465062 d:RetainedEarningsAccumulatedLosses 2024-04-30 12465062 d:RetainedEarningsAccumulatedLosses 2023-04-30 12465062 c:OrdinaryShareClass1 2023-05-01 2024-04-30 12465062 c:OrdinaryShareClass1 2024-04-30 12465062 c:OrdinaryShareClass1 2023-04-30 12465062 c:FRS102 2023-05-01 2024-04-30 12465062 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12465062 c:FullAccounts 2023-05-01 2024-04-30 12465062 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12465062 6 2023-05-01 2024-04-30 12465062 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12465062









OVINGTON GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
OVINGTON GROUP LTD
REGISTERED NUMBER: 12465062

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
678
3,088

Investments
 5 
4
4

  
682
3,092

Current assets
  

Debtors: amounts falling due within one year
 6 
218,266
212,133

Cash at bank and in hand
 7 
-
24,324

  
218,266
236,457

Creditors: amounts falling due within one year
 8 
(3,756)
(7,598)

Net current assets
  
 
 
214,510
 
 
228,859

Total assets less current liabilities
  
215,192
231,951

  

Net assets
  
215,192
231,951


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
215,190
231,949

  
215,192
231,951


Page 1

 
OVINGTON GROUP LTD
REGISTERED NUMBER: 12465062
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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: 




M Pavlovic
P Doychev
Director
Director
Date: 11 April 2025

Page 2

 
OVINGTON GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Ovington Group Ltd is a private company limited by shares and incorporated in England. Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH (Registered number 12465062).
The financial statements are presented in pounds Sterling, which is the functional currency of the company.

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 following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

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.

Page 3

 
OVINGTON GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Office equipment
-
25%
Straight line method

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

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

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
OVINGTON GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
9,637



At 30 April 2024

9,637



Depreciation


At 1 May 2023
6,550


Charge for the year on owned assets
2,409



At 30 April 2024

8,959



Net book value



At 30 April 2024
678

Page 5

 
OVINGTON GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
4



At 30 April 2024
4





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
217,556
212,133

Other debtors
710
-

218,266
212,133



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
24,324

Less: bank overdrafts
(1,755)
-

(1,755)
24,324



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,755
-

Amounts owed to group undertakings
1
3

Other taxation and social security
-
5,595

Accruals and deferred income
2,000
2,000

3,756
7,598


Page 6

 
OVINGTON GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


10.


Related party transactions

The company has taken advantage of the exemption available in FRS 102 section 33 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent companies or any wholly owned subsidiary undertakings.

 
Page 7