Financial statements
Strategic report
Governance
136 OCU Group Annual report and financial statements 2026
Notes to the parent company financial statements continued for the year ended 30 April 2026
1. Accounting policies continued Taxation continued Deferred tax
3. Debtors: amounts falling due within one year
2026 £000
2025 £000
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all o part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
76 76
Amounts owed by Group undertakings
76
76
4. Called up share capital
Nominal value £
2026 £000
2025 £000
Number
Allotted, issued and fully paid Ordinary shares
11,135,406 111 The Company’s ordinary shares, which carry no right to fixed income, each carry the right to one vote at general meetings of the Company. 0.01 111
Share premium Consideration received for shares issued above their nominal value net of transaction costs.
2. Fixed asset investments
2026 £000
2025 £000
Cost At 1 May
5. Ultimate controlling party At 30 April 2026, the Company's ultimate parent undertaking is Triton Managers V Limited, a company registered in Jersey, with registered address Cooil House, 5-6 Esplanade, 1st Floor, St. Helier, Jersey JE2 3QA. Oat Topco Limited is the largest group for which consolidated accounts are prepared, with registered office Artemis House, 6-8 Greek Street, Stockport, England, SK3 8AB.
189,169
189,169
—
Additions
—
At 30 April
189,169
189,169
Net book value At 30 April
189,169
189,169
Details of the Company’s direct subsidiaries at 30 April 2026 are as follows:
Company name
Company number
Principal activity
Oat Holdco Limited
14176503
Holding company
The subsidiary is 100% owned.
Oat Holdco Limited is incorporated in England and Wales. The registered office of this subsidiary is Artemis House, 6-8 Greek Street, Stockport, SK3 8AB.
The Company’s indirect subsidiaries are listed in note 24 in the consolidated financial statements.
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