Overstone Resort Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11054234

OVERSTONE RESORT HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

27 March 2024

OVERSTONE RESORT HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

27 March 2024

	27 Mar 24		31 Mar 23
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4	128,762	138,127
Investments	5	2,805,589	2,805,589
		------------	------------
		2,934,351	2,943,716

CURRENT ASSETS

Debtors	6	3,666,156	4,873,085
Cash at bank and in hand		919,573	4,158
		------------	------------
		4,585,729	4,877,243

CREDITORS: amounts falling due within one year	7	( 552,984)		( 836,811)
		------------		------------
NET CURRENT ASSETS			4,032,745		4,040,432
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			6,967,096		6,984,148
			------------		------------
NET ASSETS			6,967,096		6,984,148
			------------		------------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	6,967,095	6,984,147
	------------	------------
SHAREHOLDERS FUNDS	6,967,096	6,984,148
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 27 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

OVERSTONE RESORT HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

27 March 2024

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr K Andrews
Director

Company registration number: 11054234

OVERSTONE RESORT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2023 TO 27 MARCH 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ, United Kingdom.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Freehold property	-	5% straight line basis excluding land

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TANGIBLE ASSETS

	Freehold property
	£
Cost
At 1 April 2023 and 27 March 2024	187,291
	---------
Depreciation
At 1 April 2023	49,164
Charge for the period	9,365
	---------
At 27 March 2024	58,529
	---------
Carrying amount
At 27 March 2024	128,762
	---------
At 31 March 2023	138,127
	---------

5. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 April 2023 and 27 March 2024	2,805,589
	------------
Impairment
At 1 April 2023 and 27 March 2024	–
	------------

Carrying amount
At 27 March 2024	2,805,589
	------------
At 31 March 2023	2,805,589
	------------

6. DEBTORS

	27 Mar 24	31 Mar 23
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,662,939	4,631,732
Other debtors	3,217	241,353
	------------	------------
	3,666,156	4,873,085
	------------	------------

7. CREDITORS: amounts falling due within one year

	27 Mar 24	31 Mar 23
	£	£
Trade creditors	34,684	22,372
Corporation tax	–	39,353
Other creditors	518,300	775,086
	---------	---------
	552,984	836,811
	---------	---------