Company No: 13840929 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2023		2022
		£		£
Fixed assets
Investments	3	4,961,158		4,886,358
		4,961,158		4,886,358
Current assets
Debtors	4	60,153		108,237
		60,153		108,237
Creditors: amounts falling due within one year	5	( 2,076,681)		( 1,665,269)
Net current liabilities		(2,016,528)		(1,557,032)
Total assets less current liabilities		2,944,630		3,329,326
Creditors: amounts falling due after more than one year	6	( 1,234,556)		( 1,621,033)
Net assets		1,710,074		1,708,293
Capital and reserves
Called-up share capital	7	1,094,807		1,094,807
Share premium account		701,578		701,578
Profit and loss account		( 86,311 )		( 88,092 )
Total shareholders' funds		1,710,074		1,708,293

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of OMM Group Holdings LTD (registered number: 13840929) were approved and authorised for issue by the Director on 19 March 2024. They were signed on its behalf by:

Mr Y Ali Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

OMM Group Holdings LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 & 2 Trade City, Clivemont Road, Maidenhead, SL6 7DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Reporting period length in 2022 had been reduced to 6 months due to being the first period of trade and to the year end in line with group companies.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Fixed asset investments

Investments in subsidiaries

	2023
	£
Cost
At 01 July 2022	4,886,358
Additions	74,800
At 30 June 2023	4,961,158
Carrying value at 30 June 2023	4,961,158
Carrying value at 30 June 2022	4,886,358

4. Debtors

	2023		2022
	£		£
Prepayments	60,153		83,437
VAT recoverable	0		24,800
	60,153		108,237

5. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank loans (secured)	1,308,977		1,293,977
Amounts owed to Group undertakings	467,704		121,292
Amounts owed to directors	50,000		0
Other creditors	250,000		250,000
	2,076,681		1,665,269

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are interest free and there is no fixed date for repayment.
Amounts owed to directors are interest free and there is no fixed date for repayment.

6. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Bank loans (secured)	672,056		933,533
Other creditors	562,500		687,500
	1,234,556		1,621,033

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
9,500 Ordinary shares of £ 1.00 each	9,500		9,500
1,085,307 Preference shares of £ 1.00 each	1,085,307		1,085,307
	1,094,807		1,094,807

8. Related party transactions

Transactions with the entity's directors

	2023		2022
	£		£
Amounts owed to the directors, at the balance sheet date	50,000		0

The amounts are interest free and there is no fixed date for repayment.

The company has taken advantage of the exemption available under FRS 102 S1A.C.35 to not disclose transactions with other entities within a wholly owned group.