OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Company Registration Number:
12618491 (England and Wales)
Unaudited statutory accounts for the year ended 30 April 2022
Period of accounts
Start date: 1 May 2021
End date: 30 April 2022
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Contents of the Financial Statements
for the Period Ended 30 April 2022
Balance sheet | |
Additional notes | |
Balance sheet notes |
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Balance sheet
As at
Notes | 2022 | 11 months to 30 April 2021 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Investments: | 5 | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Other reserves: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Balance sheet statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Notes to the Financial Statements
for the Period Ended 30 April 2022
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Other accounting policies
TaxationTaxation 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 TaxDeferred 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.Related Party DisclosuresThe company owned 100% of the shares in OCM Wealth Management Ltd.The company owned 49% of the shares in OCM Sports Division Limited.During the year, the company received dividends from a 100% owned subsidiary totalling £360,000.
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Notes to the Financial Statements
for the Period Ended 30 April 2022
-
2. Employees
2022 11 months to 30 April 2021 Average number of employees during the period 0 0 There were no salaried employees, however, there were 6 directors who served throughout the period.
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Notes to the Financial Statements
for the Period Ended 30 April 2022
3. Fixed assets investments note
The cost of the fixed asset investments as at 1 May 2021 was £601,295. There were additions of £550,049 during the financial year. The net book value as at 30 April 2022 was £1,151,344.
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Notes to the Financial Statements
for the Period Ended 30 April 2022
4. Debtors
2022 | 11 months to 30 April 2021 | |
---|---|---|
£ | £ | |
Other debtors | | |
Total | |
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Notes to the Financial Statements
for the Period Ended 30 April 2022
5. Current assets investments note
Investments comprise investments in unquoted equity instruments which are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is obtained by reference to an active publicly traded market.
OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED
Notes to the Financial Statements
for the Period Ended 30 April 2022
6. Creditors: amounts falling due within one year note
2022 | 11 months to 30 April 2021 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Other creditors | | |
Total | | |