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REGISTERED NUMBER: 12825684 (England and Wales)















Ochoa Properties Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Ochoa Properties Limited (Registered number: 12825684)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ochoa Properties Limited

Company Information
for the year ended 31 August 2023







Director: B Stratford





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 12825684 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Ochoa Properties Limited (Registered number: 12825684)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 36,025 47,063
Investment property 5 787,109 787,109
823,134 834,172

Current assets
Cash at bank 6,447 2,343

Creditors
Amounts falling due within one year 6 371,461 371,221
Net current liabilities (365,014 ) (368,878 )
Total assets less current liabilities 458,120 465,294

Creditors
Amounts falling due after more than one
year

7

532,816

532,870
Net liabilities (74,696 ) (67,576 )

Capital and reserves
Called up share capital 9 2 2
Retained earnings 10 (74,698 ) (67,578 )
Shareholders' funds (74,696 ) (67,576 )

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 director acknowledges her 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 director and authorised for issue on 24 March 2024 and were signed by:





B Stratford - Director


Ochoa Properties Limited (Registered number: 12825684)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

Ochoa Properties 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.

Going concern
The company meets its day to day working capital requirements through the support of the director and shareholder of the company. On this basis, the director and shareholder considers it appropriate to prepare the financial statements on the going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost

Investment property
Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard 102 and are not depreciated. This treatment is contrary to the Companies' Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Improvements
to property
£
Cost
At 1 September 2022
and 31 August 2023 55,192
Depreciation
At 1 September 2022 8,129
Charge for year 11,038
At 31 August 2023 19,167
Net book value
At 31 August 2023 36,025
At 31 August 2022 47,063

Ochoa Properties Limited (Registered number: 12825684)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


5. Investment property
Total
£
Fair value
At 1 September 2022
and 31 August 2023 787,109
Net book value
At 31 August 2023 787,109
At 31 August 2022 787,109

6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 371,461 371,221

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 532,816 532,870

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 532,816 532,870

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Other loans 532,816 532,870

Topaz Finance Limited holds a charge over the assets of the company.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

10. Reserves
Retained
earnings
£

At 1 September 2022 (67,578 )
Deficit for the year (7,120 )
At 31 August 2023 (74,698 )

Ochoa Properties Limited (Registered number: 12825684)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


11. Related party disclosures

Included within other creditors is £368,701 (2022: £366,181) owed to the director.