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REGISTERED NUMBER: 11525634 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Oswin Property Ltd

Oswin Property Ltd (Registered number: 11525634)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oswin Property Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs D A Owens
Mr S J Hunt





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





BUSINESS ADDRESS: Unit 1
Oswin Road
Brailsford Industrial Park
Leicester
Leicestershire
LE3 1HR





REGISTERED NUMBER: 11525634 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Oswin Property Ltd (Registered number: 11525634)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,044,217 1,044,217

CURRENT ASSETS
Debtors 5 - 4,696
Cash at bank 6,207 6,512
6,207 11,208
CREDITORS
Amounts falling due within one year 6 (272,799 ) (273,246 )
NET CURRENT LIABILITIES (266,592 ) (262,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,625

782,179

CREDITORS
Amounts falling due after more than one
year

7

(569,579

)

(614,971

)
NET ASSETS 208,046 167,208

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 208,038 167,200
208,046 167,208

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Oswin Property Ltd (Registered number: 11525634)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mrs D A Owens - Director


Oswin Property Ltd (Registered number: 11525634)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 1,044,217
NET BOOK VALUE
At 31 August 2023 1,044,217
At 31 August 2022 1,044,217

Oswin Property Ltd (Registered number: 11525634)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INVESTMENT PROPERTY - continued

The directors consider the fair value of investment property at the year end to be £1,044,217 (2022 £1,044,217). Valuations of investment property have been made on an open market value for existing use basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors - 4,696

Other debtors include prepayments and accrued income of £Nil (2022: £4,696).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 44,924 43,843
Trade creditors 548 339
Taxation and social security 35,213 30,210
Other creditors 192,114 198,854
272,799 273,246

Other creditors include accruals and deferred income of £6,404 (2022: £2,497).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 569,579 614,971

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 377,719 427,792

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 614,503 658,814

The bank loan is secured against the investment property of the company.