COMPANY REGISTRATION NUMBER:
16133963
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Owen Hughes Consulting Ltd |
|
|
Filleted Unaudited Financial Statements |
|
|
Owen Hughes Consulting Ltd |
|
31 December 2025
Current assets
|
Debtors |
5 |
5,273 |
|
Cash at bank and in hand |
46,335 |
|
-------- |
|
51,608 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
18,561 |
|
-------- |
|
Net current assets |
33,047 |
|
-------- |
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Total assets less current liabilities |
33,047 |
|
-------- |
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Net assets |
33,047 |
|
-------- |
|
|
|
Capital and reserves
|
Called up share capital |
200 |
|
Profit and loss account |
32,847 |
|
-------- |
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Shareholders funds |
33,047 |
|
-------- |
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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 comprehensive income (including profit & loss account) has not been delivered.
For the period ending 31 December 2025 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
2 September 2026
, and are signed on behalf of the board by:
Company registration number:
16133963
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Owen Hughes Consulting Ltd |
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Notes to the Financial Statements |
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Period from 13 December 2024 to 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Arnold Close, Hauxton, Cambridge, CB22 5FN.
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.
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. There are no material judgements, estimates or assumptions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Debtors
|
31 Dec 25 |
|
£ |
|
Other debtors |
5,273 |
|
------- |
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6.
Creditors:
amounts falling due within one year
|
31 Dec 25 |
|
£ |
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Corporation tax |
17,292 |
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Social security and other taxes |
669 |
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Other creditors |
600 |
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-------- |
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18,561 |
|
-------- |
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7.
Director's advances, credits and guarantees
During the period the company made payments on behalf of the director Mr Hughes. As of 31 December 2025, £5,222 is owed by Mr Hughes and will be repaid by 30 September 2026.