Otterbourne Grange Limited

(Registration number: 08483169)
Balance Sheet as at 31 December 2024

	Note	31.12.24		31.12.23
		£	£	£	£
FIXED ASSETS
Tangible assets	5		2,614,366		2,623,602
CURRENT ASSETS
Stocks		725		676
Debtors	6	502,726		351,276
Cash at bank and in hand		205,493		81,069
		708,944		433,021
CREDITORS
Creditors within 1yr	7	1,858,741		1,650,529
Net current liabilities			(1,149,797)		(1,217,508)
Total assets less current liabilities			1,464,569		1,406,094
Creditors Amounts falling due after more than one year	7		551,734		611,567
PROVISIONS FOR LIABILITIES			(271,876)		(271,876)
Net assets			640,959		522,651
CAPITAL AND RESERVES
Called up share capital			1		1
Profit and loss account			640,958		522,650
Shareholders' funds			640,959		522,651

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Otterbourne Grange Limited

(Registration number: 08483169)
Balance Sheet as at 31 December 2024 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025

......................................... C Hyman Director

Otterbourne Grange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 30 September 2025.

2.	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

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 taxable income.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Otterbourne Grange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

The Group inludes a number of companies, which are a part of a tax group for certain aspects of the tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. Payment for group relief is made equal to the tax benefit and amounts are included within the current tax disclosures.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% straight line basis
Fixtures and fittings - 20% straight line basis

The company's policy is to maintain the property to a high standard and the buildings have a long estimated useful life. Accordingly any depreciation charged will be immaterial and therefore no depreciation on the buildings has been provided. The company carries out an annual impairment review on the fixed assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of seven years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.	Staff numbers

The average number of persons employed by the company during the year, was 25 (2023 - 18).

Otterbourne Grange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4.	Intangible assets

	Goodwill £
Cost or valuation
At 1 January 2024	389,995
At 31 December 2024	389,995
Amortisation
At 1 January 2024	389,995
At 31 December 2024	389,995
Carrying amount
At 31 December 2024	-

5.	Tangible assets

	Freehold property £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	2,586,200	231,159	12,244	2,829,603
At 31 December 2024	2,586,200	231,159	12,244	2,829,603
Depreciation
At 1 January 2024	-	194,425	11,576	206,001
Charge for the year	-	8,705	531	9,236
At 31 December 2024	-	203,130	12,107	215,237
Carrying amount
At 31 December 2024	2,586,200	28,029	137	2,614,366
At 31 December 2023	2,586,200	36,734	668	2,623,602

Included in the land and building is the net book value of £2,586,200 with historic cost of £1,037,294.

The property was valued at the year end on an open market basis by the director.
 

Otterbourne Grange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6.

Debtors

	Note	31.12.24 £	31.12.23 £
Trade debtors		182,098	233,869
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	309,649	117,407
Other debtors		10,979	-
		502,726	351,276

Amount owned by group undertakings have no set interest or repayment terms.

 

7.

Creditors

Creditors: amounts falling due within one year

	Note	31.12.24 £	31.12.23 £
Due within one year
Loans and borrowings		71,027	69,478
Trade creditors		154,041	101,471
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	1,573,463	1,424,741
Taxation and social security		11,240	10,440
Accruals and deferred income		3,978	2,475
Other creditors		44,992	41,924
		1,858,741	1,650,529