REGISTERED NUMBER: 09708550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OBC (DORSET) LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

14,138

6,223

Investments

5

612,112

559,342

Investment property

6

675,585

510,000

1,301,835

1,075,565

Current assets

Cash at bank

9,472

52,210

Creditors

Amounts falling due within one year

7

680,807

514,604

Net current liabilities

(671,335

)

(462,394

)

Total assets less current liabilities

630,500

613,171

Provisions for liabilities

8

22,233

6,147

Net assets

608,267

607,024

Capital and reserves

Called up share capital

9

100

100

Fair value reserve

10

220,245

192,617

Retained earnings

387,922

414,307

Shareholders' funds

608,267

607,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2025 and were signed by:

Ms K J Pearce - Director

1.	Statutory information

OBC (Dorset) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09708550. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 4 Primrose Hill, Witchampton, Wimborne, BH21 5BA.

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 income from investments.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment Property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in statement of comprehensive income

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Other investments

Other investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of comprehensive income.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

Cost

At 1 January 2024

4,660

6,529

11,189

Additions

-

10,499

10,499

At 31 December 2024

4,660

17,028

21,688

Depreciation

At 1 January 2024

3,133

1,833

4,966

Charge for year

305

2,279

2,584

At 31 December 2024

3,438

4,112

7,550

Net book value

At 31 December 2024

1,222

12,916

14,138

At 31 December 2023

1,527

4,696

6,223

5.	Fixed asset investments

Other

investments

£

Cost or valuation

At 1 January 2024

559,342

Revaluations

43,115

Dividends received

9,655

At 31 December 2024

612,112

Net book value

At 31 December 2024

612,112

At 31 December 2023

559,342

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2021

91,080

Valuation in 2022

(38,067

)

Valuation in 2023

40,655

Valuation in 2024

43,115

Cost

475,329

612,112

6.	Investment property

Total

£

Fair value

At 1 January 2024

510,000

Additions

165,585

At 31 December 2024

675,585

Net book value

At 31 December 2024

675,585

At 31 December 2023

510,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

20,128

Valuation in 2018

(3,000

)

Valuation in 2021

127,500

Valuation in 2022

(17,500

)

Valuation in 2023

2,177

Cost

546,280

675,585

The director has valued the investment property based on current market conditions.

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Other creditors

-

236

Directors' current accounts

677,214

510,773

Accruals and deferred income

3,593

3,595

680,807

514,604

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

22,233

6,147

Deferred

tax

£

Balance at 1 January 2024

6,147

Provided during year

16,086

Balance at 31 December 2024

22,233

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.

Reserves

Fair

value

reserve

£

At 1 January 2024

192,617

Revaluation of investments

27,628

At 31 December 2024

220,245

11.	Ultimate controlling party

The Company is under the control of the Director, by virtue of their 100% holding of the issued voting share capital of the Company.