Company Registration No. 11808343 (England and Wales)
Owning Life Ltd
Unaudited accounts
for the year ended 28 February 2023
Owning Life Ltd
Unaudited accounts
Contents
Owning Life Ltd
Company Information
for the year ended 28 February 2023
Company Number
11808343 (England and Wales)
Registered Office
C/O O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
Accountants
O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
Owning Life Ltd
Statement of financial position
as at 28 February 2023
Investment property
167,499
128,597
Cash at bank and in hand
26,123
150
Creditors: amounts falling due within one year
(185,950)
(195,147)
Net current liabilities
(159,827)
(194,997)
Total assets less current liabilities
7,672
(66,400)
Creditors: amounts falling due after more than one year
(48,750)
(95,873)
Net liabilities
(41,078)
(162,273)
Revaluation reserve
43,903
-
Profit and loss account
(84,981)
(162,273)
Shareholders' funds
(41,078)
(162,273)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Wai Yip Wong
Director
Company Registration No. 11808343
Owning Life Ltd
Notes to the Accounts
for the year ended 28 February 2023
Owning Life Ltd is a private company, limited by shares, registered in England and Wales, registration number 11808343. The registered office is C/O O'Meara Fitzmaurice & Co, Brimstage Hall, Brimstage Road, Wirral, CH63 6JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2022
128,597
Net gain from fair value adjustments
43,903
At 28 February 2023
167,499
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
185,950
195,147
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).