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REGISTERED NUMBER: 08622799 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ONNO GROUP LIMITED

ONNO GROUP LIMITED (REGISTERED NUMBER: 08622799)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONNO GROUP LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: Mrs V J Kingston
O J Kingston





REGISTERED OFFICE: c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ





REGISTERED NUMBER: 08622799 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

ONNO GROUP LIMITED (REGISTERED NUMBER: 08622799)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,882 4,976
Investments 6 441,776 441,776
445,658 446,752

CURRENT ASSETS
Debtors 7 319,086 226,447
Cash at bank 95,877 59,396
414,963 285,843
CREDITORS
Amounts falling due within one year 8 193,930 96,595
NET CURRENT ASSETS 221,033 189,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,691

636,000

CREDITORS
Amounts falling due after more than one year 9 6,514 16,763
NET ASSETS 660,177 619,237

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 659,177 618,237
660,177 619,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





O J Kingston - Director


ONNO GROUP LIMITED (REGISTERED NUMBER: 08622799)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Onno Group 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ONNO GROUP LIMITED (REGISTERED NUMBER: 08622799)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 21,800
AMORTISATION
At 1 January 2024
and 31 December 2024 21,800
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 9,435
DEPRECIATION
At 1 January 2024 4,459
Charge for year 1,094
At 31 December 2024 5,553
NET BOOK VALUE
At 31 December 2024 3,882
At 31 December 2023 4,976

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 435,409 6,367 441,776
NET BOOK VALUE
At 31 December 2024 435,409 6,367 441,776
At 31 December 2023 435,409 6,367 441,776

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,868 13,273
Amounts owed by group undertakings 211,544 172,044
Other debtors 99,674 41,130
319,086 226,447

ONNO GROUP LIMITED (REGISTERED NUMBER: 08622799)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,849
Trade creditors 118,000 -
Amounts owed to group undertakings 61,896 86,265
Taxation and social security 4,034 481
193,930 96,595

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,514 16,763