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REGISTERED NUMBER: 12735874 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023

FOR

OVER EXPOSED PROPERTY LTD

OVER EXPOSED PROPERTY LTD (REGISTERED NUMBER: 12735874)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OVER EXPOSED PROPERTY LTD

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023







DIRECTORS: R Martin





REGISTERED OFFICE: Claymore 16 Parkside Close
East Horsley
Leatherhead
KT24 5BY





REGISTERED NUMBER: 12735874 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

OVER EXPOSED PROPERTY LTD (REGISTERED NUMBER: 12735874)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 3 300,000 285,211

CURRENT ASSETS
Debtors 4 50 100
Cash at bank 13,534 11,248
13,584 11,348
CREDITORS
Amounts falling due within one year 5 301,966 289,454
NET CURRENT LIABILITIES (288,382 ) (278,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,618

7,105

CAPITAL AND RESERVES
Called up share capital 50 100
Retained earnings 11,568 7,005
SHAREHOLDERS' FUNDS 11,618 7,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 14 November 2023 and were signed on its behalf by:





R Martin - Director


OVER EXPOSED PROPERTY LTD (REGISTERED NUMBER: 12735874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023

1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the period 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 period 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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2022 285,211
Revaluations 14,789
At 31 March 2023 300,000
NET BOOK VALUE
At 31 March 2023 300,000
At 31 July 2022 285,211

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2023 14,789
Cost 285,211
300,000

OVER EXPOSED PROPERTY LTD (REGISTERED NUMBER: 12735874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 31 MARCH 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 50 100

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 206,230 206,230
Amounts owed to group undertakings 82,000 82,000
Tax 416 900
Other creditors 12,000 -
Accrued expenses 1,320 324
301,966 289,454

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2023 and the year ended 31 July 2022:

2023 2022
£    £   
R Martin
Balance outstanding at start of period 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 50 50

P J Thomas
Balance outstanding at start of period 50 50
Amounts repaid (50 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 50

This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Martin.

This was by virtue of his 100%, holding of the issued share capital.