REGISTERED NUMBER: 09297466 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oval (2284) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Simpson

REGISTERED OFFICE:

c/o Wilson Partners Limited,

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

REGISTERED NUMBER:

09297466 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Investments

4

4,263,587

4,227,853

CURRENT ASSETS

Debtors

5

15,433,548

14,790,768

Investments

6

81,516

2,680,965

Cash at bank

4,856,802

2,627,203

20,371,866

20,098,936

CREDITORS

Amounts falling due within one year

7

(2,418,646

)

(2,735,192

)

NET CURRENT ASSETS

17,953,220

17,363,744

TOTAL ASSETS LESS CURRENT LIABILITIES

22,216,807

21,591,597

CREDITORS

Amounts falling due after more than one year

8

(17,652,621

)

(17,652,621

)

PROVISIONS FOR LIABILITIES

(58,032

)

(74,027

)

NET ASSETS

4,506,154

3,864,949

CAPITAL AND RESERVES

Called up share capital

15

15

Retained earnings

4,506,139

3,864,934

SHAREHOLDERS' FUNDS

4,506,154

3,864,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

Mr G Simpson - Director

1.	STATUTORY INFORMATION

Oval (2284) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future that affect the position reported in the accounts.

Turnover

Turnover represents the investment returns generated by the company's investment activity. Investment income in respect of interest is recorded when the right to consideration is received.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments are initially recognised a cost. Investments are subsequently revalued to fair value with any gain or loss arising being reported through the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Other investments not loans

3,010,462

3,040,919

Other loans

1,253,125

1,186,934

4,263,587

4,227,853

Additional information is as follows:

Other

investments

£

COST OR VALUATION

At 1 April 2024

3,040,919

Additions

925,293

Disposals

(1,090,287

)

Revaluations

134,537

At 31 March 2025

3,010,462

NET BOOK VALUE

At 31 March 2025

3,010,462

At 31 March 2024

3,040,919

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

232,126

Cost

2,778,336

3,010,462

Other

loans

£

At 1 April 2024

1,186,934

New in year

250,745

Other movement

(184,554

)

At 31 March 2025

1,253,125

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

15,433,548

14,790,768

Other debtors relate to loans made by the company which are repayable on demand.

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

-

2,600,000

Other loans

81,516

80,965

81,516

2,680,965

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

227,129

251,908

Other creditors

2,191,517

2,483,284

2,418,646

2,735,192

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

17,652,621

17,652,621

The company's loan notes are unsecured and accrue interest at a fixed rate of zero percent, or at a higher rate as may be determined by the company from time to time (up to a maximum of 5%). Interest is payable at the point at which the loan note is redeemed which is 13 years from the date of issue (the issue date being 5 December 2014). A loan note holder can request an early redemption of the loan note in part or in full anytime after 5 years from the date of issue. In the period to 31 March 2025 no interest has been charged on the loan notes. Drawings have been made from the company by the loan note holders and these amounts have been netted against the balance due under the terms of the loan note.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date £15,433,548 (2024: £14,690,768) was owed from companies owned and controlled by the director and his close family members. The loans are repayable on demand, unsecured and bear interest at 5%.

At the balance sheet date, under the terms of a loan note instrument, an amount of £17,652,621 (2024: £17,652,6 21) was owed to close family members of the director. The loan notes are redeemable on 5 December 2027 but at the request of the loan note holder can be redeemed in part of in full from 6 December 2019. The loan note is unsecured and bears interest at a rate of 0%, or at a higher rate as may be determined by the company from time to time (up to a maximum of 5%). In the year ended 31 March 2025 no interest has been charged on the loan note (2024: £nil).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Simpson.