OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED - Company Information

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OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Company Registration Number:
12618491 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Balance sheet

As at 30 April 2023


Notes
2023
2022


£
£
Fixed assets
Investments: 3 1,151,344 1,151,344
Total fixed assets: 1,151,344 1,151,344
Current assets
Debtors: 4 167,191 167,191
Cash at bank and in hand: 5,212 92,873
Investments:   4,843 195,461
Total current assets: 177,246 455,525
Creditors: amounts falling due within one year:     (12,523)
Net current assets (liabilities): 177,246 443,002
Total assets less current liabilities: 1,328,590 1,594,346
Provision for liabilities:   (688)
Total net assets (liabilities): 1,328,590 1,593,658
Capital and reserves
Called up share capital: 1,034,100 1,034,100
Other reserves:   2,932
Profit and loss account: 294,490 556,626
Shareholders funds: 1,328,590 1,593,658

The notes form part of these financial statements

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 December 2023
and signed on behalf of the board by:

Name: Mrs M L Stather-Lodge
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 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

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 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 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 future taxable profits.

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
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 2023

3. Fixed investments

The net book value as at 30 April 2023 was £1,151,344.

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 167,191 167,191

OCM WEALTH MANAGEMENT HOLDING COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Related party transactions

The company owned 100% of the shares in OCM Wealth Management Ltd. The company owned 49% of the shares in OCM Wealth Management Consulting Ltd.