Company No:
Contents
| DIRECTORS | John Gavin Loughrey |
| Olivia Eurwen Roberts |
| REGISTERED OFFICE | 5 Hyde Park Gardens Mews |
| London | |
| W2 2NU | |
| United Kingdom |
| COMPANY NUMBER | 09659019 (England and Wales) |
| ACCOUNTANT | S&W Partners LLP |
| 45 Gresham Street | |
| London | |
| EC2V 7BG |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
|
|
|
| Investments | 4 |
|
|
|
| Cash at bank and in hand | 5 |
|
|
|
| 331,808 | 333,711 | |||
| Creditors: amounts falling due within one year | 6 | (
|
(
|
|
| Net current assets | 288,162 | 296,858 | ||
| Total assets less current liabilities | 288,162 | 296,858 | ||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital | 7 |
|
|
|
| Profit and loss account |
|
|
||
| Total shareholder's funds |
|
|
The notes on pages 8 to 12 form part of these financial statements.
Directors' responsibilities:
The financial statements of Origin Equity Partners Limited (registered number:
|
John Gavin Loughrey
Director |
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.
Origin Equity Partners Limited (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 67 Grosvenor Street, London, W1K 3JN, United Kingdom.
The nature of the company's operations and it's principal activities are that of a holding company.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Origin Equity Partners Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
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.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed by Group undertakings |
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Listed investments – at fair value |
|
|
The fair value of listed investments, which are all traded in active markets, was determined with reference to the quoted market price at the reporting date.
During the year the Company invested £180,000 into various shares through a platform
| 2024 | 2023 | ||
| £ | £ | ||
| Cash at bank and in hand |
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
|
|
|
| Amounts owed to Parent undertakings |
|
|
|
| Amounts owed to directors |
|
|
|
| Accruals |
|
|
|
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Allotted, called-up and not yet paid | |||
|
|
|
|
Transactions with entities in which the entity itself has a participating interest
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts advance to group undertakings | 5,465 | 5,527 |
In the year the parent entity advanced £5,465 (2023: £5,527) to the Company. At the year end the amount outstanding due to the parent entity is £34,163 (2023: £28,698) and is included within amounts owed to Parent undertakings.
Transactions with the entity's directors
| 2024 | 2023 | ||
| £ | £ | ||
| Directors Loan | 977 | 977 |
Included within other creditors is a loan from a director of the company . This loan does not attract interest and is repayable on demand.
Parent Company:
|
|
| 67 Grosvenor Street, London, W1K 3JN |