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REGISTERED NUMBER: 13081740 (England and Wales)
























O & M PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






O & M PROPERTY LIMITED (REGISTERED NUMBER: 13081740)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


O & M PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: O H H Chu
V O Chu





SECRETARY:





REGISTERED OFFICE: 87 North Road
Poole
Dorset
BH14 0LT





REGISTERED NUMBER: 13081740 (England and Wales)





ACCOUNTANTS: Sau Kee Li CTA ATT
87 North Road
Parkstone
Poole
Dorset
BH14 0LT

O & M PROPERTY LIMITED (REGISTERED NUMBER: 13081740)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,127,370 1,127,370

CURRENT ASSETS
Debtors 5 2,203 385
Cash at bank 124,820 65,381
127,023 65,766
CREDITORS
Amounts falling due within one year 6 1,142,862 1,137,773
NET CURRENT LIABILITIES (1,015,839 ) (1,072,007 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,531

55,363

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,431 55,263
SHAREHOLDERS' FUNDS 111,531 55,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 February 2024 and were signed on its behalf by:





O H H Chu - Director


O & M PROPERTY LIMITED (REGISTERED NUMBER: 13081740)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

O & M Property Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 1,127,370
NET BOOK VALUE
At 31 December 2023 1,127,370
At 31 December 2022 1,127,370

O & M PROPERTY LIMITED (REGISTERED NUMBER: 13081740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,203 -
Other debtors - 385
2,203 385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,127,371 1,127,371
Taxation and social security 15,275 10,222
Other creditors 216 180
1,142,862 1,137,773