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REGISTERED NUMBER: 07538588 (England and Wales)










Financial Statements

for the Year Ended 30th May 2024

for

Oval Investments Limited

Oval Investments Limited (Registered number: 07538588)






Contents of the Financial Statements
for the Year Ended 30th May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oval Investments Limited

Company Information
for the Year Ended 30th May 2024







DIRECTOR: J D Sutton





SECRETARY: C V Sutton





REGISTERED OFFICE: 38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN





REGISTERED NUMBER: 07538588 (England and Wales)





ACCOUNTANTS: Woodward Hale
Chartered Accountants
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN

Oval Investments Limited (Registered number: 07538588)

Balance Sheet
30th May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,058 2,669
Investments 5 6,850 4,850
8,908 7,519

CURRENT ASSETS
Debtors 6 268,485 240,263
Cash at bank 12,544 11,627
281,029 251,890
CREDITORS
Amounts falling due within one year 7 436,412 378,956
NET CURRENT LIABILITIES (155,383 ) (127,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(146,475

)

(119,547

)

PROVISIONS FOR LIABILITIES 391 507
NET LIABILITIES (146,866 ) (120,054 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (147,866 ) (121,054 )
SHAREHOLDERS' FUNDS (146,866 ) (120,054 )

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

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

The director acknowledges his 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.

Oval Investments Limited (Registered number: 07538588)

Balance Sheet - continued
30th May 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 director and authorised for issue on 28th May 2025 and were signed by:





J D Sutton - Director


Oval Investments Limited (Registered number: 07538588)

Notes to the Financial Statements
for the Year Ended 30th May 2024

1. STATUTORY INFORMATION

Oval 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 represents total services provided for the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

Oval Investments Limited (Registered number: 07538588)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31st May 2023
and 30th May 2024 16,884 6,147 23,031
DEPRECIATION
At 31st May 2023 14,625 5,737 20,362
Charge for year 337 274 611
At 30th May 2024 14,962 6,011 20,973
NET BOOK VALUE
At 30th May 2024 1,922 136 2,058
At 30th May 2023 2,259 410 2,669

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31st May 2023 4,850
Additions 2,000
At 30th May 2024 6,850
NET BOOK VALUE
At 30th May 2024 6,850
At 30th May 2023 4,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,400 1,200
Director's loan account 199,580 179,897
Tax 66,505 59,166
268,485 240,263

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 326,466 288,501
Trade creditors 18,765 10,665
Tax 58,828 55,644
VAT 11,611 10,062
Other creditors 6,591 4,301
Accruals and deferred income 14,151 9,783
436,412 378,956

Oval Investments Limited (Registered number: 07538588)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th May 2024 and 30th May 2023:

2024 2023
£    £   
J D Sutton
Balance outstanding at start of year 179,897 123,965
Amounts advanced 61,680 64,833
Amounts repaid (41,997 ) (8,901 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,580 179,897

9. ULTIMATE CONTROLLING PARTY

J D Sutton has a controlling interest in the company

10. GOING CONCERN

These accounts have been prepared on a going concern basis, as the director has confirmed they will financially support the company.