Company registration number 03712411 (England and Wales)
OTH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
OTH LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
OTH LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
203
203
Current assets
Debtors
18,459,783
15,856,637
Cash at bank and in hand
9,130,162
11,541,987
27,589,945
27,398,624
Creditors: amounts falling due within one year
(201,332)
(385,808)
Net current assets
27,388,613
27,012,816
Net assets
27,388,816
27,013,019
Capital and reserves
Called up share capital
5
919,191
919,191
Capital redemption reserve
119,756
119,756
Profit and loss reserves
26,349,869
25,974,072
Total equity
27,388,816
27,013,019

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
Mrs L C G Morgan
Director
Company registration number 03712411 (England and Wales)
OTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

OTH Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72, Rhosmaen Street, Llandeilo, Carmarthenshire, Wales, SA19 6EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

1.5
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 statement of financial position date.

OTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

 

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2023 and 30 September 2024
98,900
Depreciation and impairment
At 1 October 2023 and 30 September 2024
98,900
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
-
0
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
203
203
5
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary M shares of £1 each
919,191
919,191
OTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
6
Related party transactions

Cawdor Arms Ltd

Subsidiary company

The related party has provided working capital to OTH Limited. At the end of the year the outstanding balance due to the related party was £83,756 (2023: £199,801). The advance is unsecured, interest-free and repayable on demand.

 

Cawdor Estates Ltd

Subsidiary company

The related party is provided with working capital by OTH Limited. At the end of the year the outstanding balance due from the related party was £11,452,777 (2023: £9,266,269). The advance is unsecured, interest-free and repayable on demand.

 

Ventura Sol Limited

Subsidiary company

The related party is provided with working capital by OTH Limited. At the year end the outstanding balance due from the related party was £320,455 (2023: £255,647). The advance is unsecured, interest-free and repayable on demand.

 

Venturasol Unipessoal LDA

A Portuguese registered subsidiary of Ventura Sol Limited

The related party is provided with working capital by OTH Limited. At the end of the year the outstanding balance due from the related party was £3,723,252 (2023: £3,723,152). The advance is unsecured, interest-free and repayable on demand.

 

CLE Trust

A settlement in which Mr C E Morgan was a beneficiary

The related party was provided with working capital by OTH Limited prior to its dissolution during the year. At the end of the year the outstanding balance due to OTH Limited was £nil (2023: £6,251).

 

Harrington Grounds Ltd

Company under common control

The related party is provided with working capital by OTH Limited. At the year end the outstanding balance due from OTH Limited was £22,314 (2023: £nil). The advance is secured and interest is charged at a commercial rate. Interest received during the year was £nil (2023: £36,371). The advance is technically repayable on demand, although OTH Limited has agreed not to demand repayment to the detriment of unsecured creditors of the related party.

 

Mrs L C G Morgan

Director

In a previous period, Mrs Morgan loaned money to the company for working capital. This funding was repaid in full during the year. At the year end the outstanding balance due to Mrs Morgan was £nil (2022: £2,890). The amount was unsecured, interest-free and repayable on demand.

 

Cawdor Arms Property Ltd

Subsidiary company

The related party is provided with working capital by OTH Limited. At the end of the year the outstanding balance due from the related party was £841,640 (2023: £868,008). The advance is unsecured, interest-free and repayable on demand.

 

Jobs Lane Ltd

Subsidiary company

The related party is provided with working capital by OTH Limited. At the end of the year the outstanding balance due from the related party was £900,015 (2023: £nil). The advance is unsecured, interest-free and repayable on demand.

2024-09-302023-10-01falsefalsefalse27 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMrs L C G MorganMr C E MorganMrs L C G Morgan037124112023-10-012024-09-30037124112024-09-30037124112023-09-3003712411core:ShareCapital2024-09-3003712411core:ShareCapital2023-09-3003712411core:CapitalRedemptionReserve2024-09-3003712411core:CapitalRedemptionReserve2023-09-3003712411core:RetainedEarningsAccumulatedLosses2024-09-3003712411core:RetainedEarningsAccumulatedLosses2023-09-3003712411core:ShareCapitalOrdinaryShareClass12024-09-3003712411core:ShareCapitalOrdinaryShareClass12023-09-3003712411bus:CompanySecretaryDirector12023-10-012024-09-3003712411core:MotorVehicles2023-10-012024-09-30037124112022-10-012023-09-3003712411core:MotorVehicles2023-09-3003712411core:MotorVehicles2024-09-3003712411core:MotorVehicles2023-09-3003712411bus:OrdinaryShareClass12023-10-012024-09-3003712411bus:PrivateLimitedCompanyLtd2023-10-012024-09-3003712411bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003712411bus:FRS1022023-10-012024-09-3003712411bus:AuditExemptWithAccountantsReport2023-10-012024-09-3003712411bus:Director12023-10-012024-09-3003712411bus:Director22023-10-012024-09-3003712411bus:CompanySecretary12023-10-012024-09-3003712411bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP