ACCOUNTS - Final Accounts

Creditors: Amounts falling due within one year

Company registration number: 05479283

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	OYO DEVELOPMENTS LIMITED


OYO DEVELOPMENTS LIMITED

COMPANY INFORMATION

Directors	M A Henri
	R T Pedder-Smith


Company secretary	I R Wright


Registered number	05479283


Registered office	The Gardens
	Eye Road
	Hoxne
	Suffolk
	IP21 5AP


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


OYO DEVELOPMENTS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


OYO DEVELOPMENTS LIMITED REGISTERED NUMBER:05479283

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024


	2024	2023
Note	£	£

Fixed assets
Investments	4		4		4
			4		4
Current assets
Stocks		9,509,956		10,001,093
Debtors: amounts falling due within one year	5	154,726		77,478
Cash at bank and in hand		1,247,662		1,168,134
		10,912,344		11,246,705
Creditors: amounts falling due within one year	6	(860,209)		(588,283)
Net current assets			10,052,135		10,658,422
Total assets less current liabilities			10,052,139		10,658,426
Creditors: amounts falling due after more than one year	7		(576,075)		(1,880,619)

Net assets			9,476,064		8,777,807

Capital and reserves
Called up share capital	3,500,101	3,500,101
Share premium account	4,743,023	4,743,023
Profit and loss account	1,232,940	534,683
	9,476,064	8,777,807

Page 1


OYO DEVELOPMENTS LIMITED REGISTERED NUMBER:05479283

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

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 statement of income and retained earnings 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:

................................................

M A Henri

Director

Date: 4 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


OYO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

OYO Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and
the turnover can be reliably measured. Turnover comprises the sale of properties. The sale and purchase of property is recognised on the date of exchange.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each Statement of Financial Position. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 3


OYO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. Direct costs included in work in progress include directly attributable interest costs and preference share dividends classified as an expenses in accordance with FRS 102.

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	4
	At 31 December 2024	4

Debtors

					2024	2023
					£	£


Trade debtors	69,592	36,921
Other debtors	420	-
Prepayments and accrued income	84,714	40,557
	154,726	77,478

Page 4


OYO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Building Society loans	55,915	66,406
Amounts owed to group undertakings	168,379	642
Corporation tax	148,275	52,998
Other taxation and social security	103,566	38,261
Other creditors	151,744	166,810
Accruals and deferred income	232,330	263,166
	860,209	588,283

Secured loans
The Building Society loans are secured on several properties owned by the company and via a floating charge over the assets of the company.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Building Society loans	576,075	1,880,619
	576,075	1,880,619

Secured loans
The Building Society loans are secured on several properties owned by the company and via a floating charge over the assets of the company.

Page 5