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