Company registration number 09002683 (England and Wales)
JOHN P. O'CONNELL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
JOHN P. O'CONNELL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
JOHN P. O'CONNELL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
29,894
45,243
Cash at bank and in hand
157,816
205,930
187,710
251,173
Creditors: amounts falling due within one year
5
(32,922)
(48,544)
Net current assets
154,788
202,629
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
154,688
202,529
Total equity
154,788
202,629

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 March 2026
Dr J O'Connell
Director
Company registration number 09002683 (England and Wales)
JOHN P. O'CONNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

John P. O'Connell Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Gallery Court, 28 Arcadia Avenue, London, N3 2FG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents amounts receivable for services provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

JOHN P. O'CONNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
14,755
Depreciation and impairment
At 1 April 2024 and 31 March 2025
14,755
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
JOHN P. O'CONNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
20,043
35,392
Other debtors
9,851
9,851
29,894
45,243
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
20,835
36,362
Other creditors
12,087
12,182
32,922
48,544
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100

Each share is entitled to one full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

JOHN P. O'CONNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Directors' transactions

During the year, the company paid dividends totalling £120,000 (2024: £70,000) in the year in respect of shares held by the company's directors and shareholders.

At the balance sheet date the directors were owed £3,387 (2024: £3,482) from the company. The loan is interest free.

8
Control

The ultimate controlling party is Dr J O'Connell by virtue of his shareholding within the company.

2025-03-31 2024-04-01 false false false 03 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Dr J O'Connell 09002683 2024-04-01 2025-03-31 09002683 2025-03-31 09002683 2024-03-31 09002683 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09002683 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09002683 core:CurrentFinancialInstruments 2025-03-31 09002683 core:CurrentFinancialInstruments 2024-03-31 09002683 core:ShareCapital 2025-03-31 09002683 core:ShareCapital 2024-03-31 09002683 core:RetainedEarningsAccumulatedLosses 2025-03-31 09002683 core:RetainedEarningsAccumulatedLosses 2024-03-31 09002683 core:ShareCapitalOrdinaryShareClass1 2025-03-31 09002683 core:ShareCapitalOrdinaryShareClass1 2024-03-31 09002683 bus:Director1 2024-04-01 2025-03-31 09002683 core:FurnitureFittings 2024-04-01 2025-03-31 09002683 2023-04-01 2024-03-31 09002683 core:OtherPropertyPlantEquipment 2024-03-31 09002683 core:OtherPropertyPlantEquipment 2025-03-31 09002683 core:OtherPropertyPlantEquipment 2024-03-31 09002683 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09002683 bus:OrdinaryShareClass1 2025-03-31 09002683 bus:OrdinaryShareClass1 2024-03-31 09002683 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09002683 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09002683 bus:FRS102 2024-04-01 2025-03-31 09002683 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09002683 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP