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Registered number: 03446734









OVENDEN NOMINEES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
OVENDEN NOMINEES LIMITED
REGISTERED NUMBER: 03446734

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
Restated 2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
17,612
21,024

  
17,612
21,024

Creditors: amounts falling due within one year
 5 
(62,563)
(39,623)

Net current liabilities
  
 
 
(44,951)
 
 
(18,599)

Total assets less current liabilities
  
(44,951)
(18,599)

  

Net liabilities
  
(44,951)
(18,599)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(44,953)
(18,601)

  
(44,951)
(18,599)


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 profit and loss account 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: 



K R B McGuigan
Director

Date: 3 June 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
OVENDEN NOMINEES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Ovenden Nominees Limited is a private company, limited by shares, incorporated in England and Wales with registration 03446734. The registered office address is Eighth Floor, 6 New Street Square, London, EC4A 3AQ.

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

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. 
After reviewing the working capital requirements of the company, the shareholders have agreed to provide such support to the Company as is necessary for it to meet its liabilities for a period of at least 12 months from the date of signing these financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 2

 
OVENDEN NOMINEES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,612
21,024



5.


Creditors: Amounts falling due within one year

2024
Restated 2023
£
£

Other taxation and social security
659
659

Other creditors
47,000
30,000

Accruals
14,904
8,964

62,563
39,623



6.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
17,612
21,024




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
Page 3

 
OVENDEN NOMINEES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



8.


Prior year adjustment

A prior period adjustment has been made for the year ended 31 October 2023 in respect of an under accrual of £2,610. Consequently, the accruals and administrative expenses have been restated as at 31 October 2023.

 
Page 4