Registered number
12523182
Odon Holding Limited
Filleted Accounts
31 August 2024
Odon Holding Limited
Registered number: 12523182
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 188,821 189,561
Investments 4 - -
188,821 189,561
Current assets
Debtors 5 16,146 2,888
Cash at bank and in hand 95,413 92,634
111,559 95,522
Creditors: amounts falling due within one year 6 (194,939) (200,183)
Net current liabilities (83,380) (104,661)
Net assets 105,441 84,900
Capital and reserves
Called up share capital 2 2
Profit and loss account 105,439 84,898
Shareholders' funds 105,441 84,900
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K O'Donoghue
Director
Approved by the board on 29 May 2025
Odon Holding Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 186,600 3,701 190,301
At 31 August 2024 186,600 3,701 190,301
Depreciation
At 1 September 2023 - 740 740
Charge for the year - 740 740
At 31 August 2024 - 1,480 1,480
Net book value
At 31 August 2024 186,600 2,221 188,821
At 31 August 2023 186,600 2,961 189,561
4 Investments
Other
investments
£
Cost
Additions -
At 31 August 2024 -
5 Debtors 2024 2023
£ £
Other debtors 16,146 2,888
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 186,598 186,598
Taxation and social security costs 6,721 11,965
Other creditors 1,620 1,620
194,939 200,183
7 Other information
Odon Holding Limited is a private company limited by shares and incorporated in England. Its registered office is:
43 Brunswick Road
Gloucester
GL1 1JS
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