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REGISTERED NUMBER: 08322587 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Gavin O'Neill Limited

Gavin O'Neill Limited (Registered number: 08322587)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gavin O'Neill Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr G O'Neill
Mrs A O'Neill





REGISTERED OFFICE: 9 Grove Court
Grove Park
Enderby
Leicester
Leicestershire
LE19 1SA





REGISTERED NUMBER: 08322587 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Gavin O'Neill Limited (Registered number: 08322587)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 553,250 394,367
Tangible assets 5 38,196 82,024
Investments 6 626,365 548,367
1,217,811 1,024,758

CURRENT ASSETS
Debtors 7 106,608 93,014
Cash at bank and in hand 69,523 125,878
176,131 218,892
CREDITORS
Amounts falling due within one year 8 264,091 208,032
NET CURRENT (LIABILITIES)/ASSETS (87,960 ) 10,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,851

1,035,618

CREDITORS
Amounts falling due after more than one
year

9

343,841

318,558
NET ASSETS 786,010 717,060

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 11 5,935 1,391
Retained earnings 11 780,065 715,659
SHAREHOLDERS' FUNDS 786,010 717,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Gavin O'Neill Limited (Registered number: 08322587)

Balance Sheet - continued
31 October 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





Mr G O'Neill - Director


Gavin O'Neill Limited (Registered number: 08322587)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Gavin O'Neill 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents a share of partnership profits, which are recognised in the period in which the profits were earned.

Goodwill
Goodwill is being amortised over it's estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Unlisted investments are valued at cost less impairment as the fair value cannot be measured reliably.

Listed investments are valued at their fair value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those under hire purchase contracts are depreciated over their estimated useful lives. Those under finance leases are depreciated over their estimated useful lives of the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

Gavin O'Neill Limited (Registered number: 08322587)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 990,597
Additions 290,339
At 31 October 2024 1,280,936
AMORTISATION
At 1 November 2023 596,230
Amortisation for year 131,456
At 31 October 2024 727,686
NET BOOK VALUE
At 31 October 2024 553,250
At 31 October 2023 394,367

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 3,076 127,282 4,256 134,614
Additions - - 270 270
At 31 October 2024 3,076 127,282 4,526 134,884
DEPRECIATION
At 1 November 2023 1,585 48,270 2,735 52,590
Charge for year 595 42,427 1,076 44,098
At 31 October 2024 2,180 90,697 3,811 96,688
NET BOOK VALUE
At 31 October 2024 896 36,585 715 38,196
At 31 October 2023 1,491 79,012 1,521 82,024

Gavin O'Neill Limited (Registered number: 08322587)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS
Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2023 1 200,891 347,475 548,367
Additions 381,118 177,932 76,210 635,260
Disposals - (185,000 ) - (185,000 )
Revaluations - 8,856 - 8,856
Impairments (381,118 ) - - (381,118 )
At 31 October 2024 1 202,679 423,685 626,365
NET BOOK VALUE
At 31 October 2024 1 202,679 423,685 626,365
At 31 October 2023 1 200,891 347,475 548,367

Cost or valuation at 31 October 2024 is represented by:

Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
Valuation in 2024 1 202,679 423,685 626,365

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 620,430 546,976

The company entered in to a tripartite agreement, such that the assets of an unlisted investment (which was placed in to a members' voluntary liquidation) were transferred to GON 2016 Limited (a company in which Gavin O'Neill Limited is a 100% shareholder) in exchange for 381,118 £1 Ordinary shares.

GON 2016 Limited then distributed the assets by way of a dividend in specie to the company and the investment in GON 2016 Limited was subsequently written down.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 95,778 93,014
Directors' current accounts 10,830 -
106,608 93,014

Gavin O'Neill Limited (Registered number: 08322587)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 148,647 108,334
Hire purchase contracts 16,172 14,112
Tax 96,485 71,587
Social security and other taxes 324 73
Other creditors 161 248
Directors' current accounts - 11,578
Accrued expenses 2,302 2,100
264,091 208,032

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 154,614 113,029
Other loans - 2-5 years 117,796 117,926
Hire purchase contracts 71,431 87,603
343,841 318,558

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 87,603 101,715

Assets held under hire purchase contracts are secured against the assets to which they relate to.

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 715,659 1,391 717,050
Profit for the year 204,450 204,450
Dividends (135,500 ) (135,500 )
Revaluation adjustment (4,544 ) 4,544 -
At 31 October 2024 780,065 5,935 786,000