Oddfellows Holdings Ltd - Limited company accounts 16.1

REGISTERED NUMBER: 09280083 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Period 24 October 2014 to 31 March 2016

for

Oddfellows Holdings Ltd

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

D D McGeorge

J W Slater

B A Baldrey

REGISTERED OFFICE:

Eccleston Hill House

Hill Road

Eccleston

Chester

Cheshire

CH4 9HG

REGISTERED NUMBER:

09280083 (England and Wales)

ACCOUNTANTS:

Attwoods

Suite 12 Abney Hall

Manchester Road

Cheadle

Stockport

SK8 2PD

The directors present their report with the financial statements of the company for the period 24 October 2014 to 31 March 2016.

INCORPORATION

The company was incorporated on 24 October 2014 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of a non trading parent of mainly trading

subsidiaries and this role started from 24th October 2014.

DIRECTORS

D D McGeorge has held office during the whole of the period from 24 October 2014 to the date of this report.

Other changes in directors holding office are as follows:

J W Slater - appointed 6 October 2015

B A Baldrey - appointed 6 October 2015

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

D D McGeorge - Director

26 May 2016

TURNOVER

-

Administrative expenses

12,945

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(12,945

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL PERIOD

(12,945

)

FIXED ASSETS

Investments

4

302

CURRENT ASSETS

Debtors

5

3,487,244

Cash at bank

521

3,487,765

CREDITORS

Amounts falling due within one year

6

1,002

NET CURRENT ASSETS

3,486,763

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,487,065

CREDITORS

Amounts falling due after more than one
year

7

2,899,930

NET ASSETS

587,135

CAPITAL AND RESERVES

Called up share capital

8

100

Share premium

9

599,980

Profit and loss account

9

(12,945

)

SHAREHOLDERS' FUNDS

587,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 26 May 2016 and were signed on its behalf by:

D D McGeorge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the period.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

302

At 31 March 2016

302

NET BOOK VALUE

At 31 March 2016

302

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

3,440,230

Other debtors

10

VAT

47,004

3,487,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

2

Accrued expenses

1,000

1,002

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

£

Investor loan

600,000

Founder loans

2,299,930

2,899,930

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Investor loan

600,000

Founder loans

2,299,930

2,899,930

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

90

Ordinary A

£1

90

10

Ordinary B

£1

10

100

9.

RESERVES

Profit

and loss

Share

account

premium

Totals

£

Deficit for the period

(12,945

)

(12,945

)

Cash share issue

-

599,980

At 31 March 2016

(12,945

)

599,980

587,035

10.	RELATED PARTY DISCLOSURES

Oddfellows Chester Limited

Subsidiary company

£

Amount due from related party at the balance sheet date

2,565,996

Oddfellows Rooms Limited

Subsidiary company

£

Amount due from related party at the balance sheet date

2

Oddfellows Cheadle Limited

Subsidiary company

£

Amount due from related party at the balance sheet date

853,315

Oddfellows Park Limited

Subsidiary company

£

Amount due from related party at the balance sheet date

21,019