IRIS Accounts Production v23.3.0.418 11808807 Board of Directors 1.3.22 28.2.23 28.2.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118088072022-02-28118088072023-02-28118088072022-03-012023-02-28118088072021-02-28118088072021-03-012022-02-28118088072022-02-2811808807ns10:Originalns15:EnglandWales2022-03-012023-02-2811808807ns14:PoundSterlingns10:Original2022-03-012023-02-2811808807ns10:Originalns10:Director12022-03-012023-02-2811808807ns10:Original2022-03-012023-02-2811808807ns10:Original2023-02-2811808807ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811808807ns10:Originalns10:SmallEntities2022-03-012023-02-2811808807ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811808807ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811808807ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811808807ns10:Originalns10:FullAccounts2022-03-012023-02-2811808807ns10:Original2021-03-012022-02-2811808807ns10:Originalns10:Director22022-03-012023-02-2811808807ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811808807ns10:Original2022-02-2811808807ns10:Originalns5:CurrentFinancialInstruments2023-02-2811808807ns10:Originalns5:CurrentFinancialInstruments2022-02-2811808807ns10:Originalns5:Non-currentFinancialInstruments2023-02-2811808807ns10:Originalns5:Non-currentFinancialInstruments2022-02-2811808807ns5:ShareCapitalns10:Original2023-02-2811808807ns5:ShareCapitalns10:Original2022-02-2811808807ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811808807ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811808807ns10:Original2022-02-2811808807ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2811808807ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-02-2811808807ns5:Securedns10:Original2023-02-2811808807ns5:Securedns10:Original2022-02-2811808807ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811808807ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 11808807 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Ockendon 62A Property Investments Ltd

Ockendon 62A Property Investments Ltd (Registered number: 11808807)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ockendon 62A Property Investments Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D Myers
Mrs N Sinanan





REGISTERED OFFICE: 31 Highbury Grove
London
N51HJ





REGISTERED NUMBER: 11808807 (England and Wales)





ACCOUNTANTS: Kumar Strategic Consultants Ltd
Chartered Accountants
255 - 261 Horn Lane
London
W3 9EH

Ockendon 62A Property Investments Ltd (Registered number: 11808807)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,609 650,609

CURRENT ASSETS
Cash at bank 9,842 8,432

CREDITORS
Amounts falling due within one year 5 193,183 192,986
NET CURRENT LIABILITIES (183,341 ) (184,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,268

466,055

CREDITORS
Amounts falling due after more than one
year

6

462,180

462,225
NET ASSETS 5,088 3,830

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 8 5,084 3,826
5,088 3,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




Mrs N Sinanan - Director


Ockendon 62A Property Investments Ltd (Registered number: 11808807)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ockendon 62A Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.

Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earliest termination date.

Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flow, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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
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 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.

Ockendon 62A Property Investments Ltd (Registered number: 11808807)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 650,609
NET BOOK VALUE
At 28 February 2023 650,609
At 28 February 2022 650,609

The investment property has been valued by the directors at the year end date at the cost price as they conclude there has been no material effect to the value since it's acquisition.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 295 898
Other creditors 9,050 9,046
Directors' current accounts 182,667 181,872
Accrued expenses 1,171 1,170
193,183 192,986

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 462,180 462,225

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 462,180 462,225

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 462,180 462,225

Bank loans are secured by a fixed and floating charge over the assets of the company.

Ockendon 62A Property Investments Ltd (Registered number: 11808807)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RESERVES
Retained
earnings
£   

At 1 March 2022 3,826
Profit for the year 1,258
At 28 February 2023 5,084