O'Hara Properties & Estates Limited 13624992 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Estate agency services Digita Accounts Production Advanced 6.30.9574.0 true true 13624992 2022-10-01 2023-09-30 13624992 2023-09-30 13624992 bus:OrdinaryShareClass1 2023-09-30 13624992 core:RetainedEarningsAccumulatedLosses 2023-09-30 13624992 core:ShareCapital 2023-09-30 13624992 core:CurrentFinancialInstruments 2023-09-30 13624992 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 13624992 core:FurnitureFittingsToolsEquipment 2023-09-30 13624992 bus:SmallEntities 2022-10-01 2023-09-30 13624992 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 13624992 bus:FullAccounts 2022-10-01 2023-09-30 13624992 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13624992 bus:RegisteredOffice 2022-10-01 2023-09-30 13624992 bus:Director1 2022-10-01 2023-09-30 13624992 bus:Director2 2022-10-01 2023-09-30 13624992 bus:Director3 2022-10-01 2023-09-30 13624992 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 13624992 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13624992 bus:Agent1 2022-10-01 2023-09-30 13624992 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 13624992 core:OfficeEquipment 2022-10-01 2023-09-30 13624992 countries:EnglandWales 2022-10-01 2023-09-30 13624992 2022-09-30 13624992 core:FurnitureFittingsToolsEquipment 2022-09-30 13624992 2021-09-16 2022-09-30 13624992 2022-09-30 13624992 bus:OrdinaryShareClass1 2022-09-30 13624992 core:RetainedEarningsAccumulatedLosses 2022-09-30 13624992 core:ShareCapital 2022-09-30 13624992 core:CurrentFinancialInstruments 2022-09-30 13624992 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 13624992 core:FurnitureFittingsToolsEquipment 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13624992

O'Hara Properties & Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

O'Hara Properties & Estates Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

O'Hara Properties & Estates Limited

Company Information

Directors

Mr R O'Hara

Mr K O'Hara

Mrs V J Collier

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
O'Hara Properties & Estates Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of O'Hara Properties & Estates Limited for the year ended 30 September 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of O'Hara Properties & Estates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of O'Hara Properties & Estates Limited and state those matters that we have agreed to state to the Board of Directors of O'Hara Properties & Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O'Hara Properties & Estates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that O'Hara Properties & Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of O'Hara Properties & Estates Limited. You consider that O'Hara Properties & Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of O'Hara Properties & Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

2 April 2024

 

O'Hara Properties & Estates Limited

(Registration number: 13624992)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

96

128

Current assets

 

Debtors

5

100

100

Cash at bank and in hand

 

1,632

1,411

 

1,732

1,511

Creditors: Amounts falling due within one year

6

(55,456)

(30,189)

Net current liabilities

 

(53,724)

(28,678)

Net liabilities

 

(53,628)

(28,550)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(53,728)

(28,650)

Shareholders' deficit

 

(53,628)

(28,550)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2024 and signed on its behalf by:
 

 

O'Hara Properties & Estates Limited

(Registration number: 13624992)
Balance Sheet as at 30 September 2023

.........................................
Mr R O'Hara
Director

.........................................
Mr K O'Hara
Director

 

O'Hara Properties & Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 2 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

O'Hara Properties & Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

O'Hara Properties & Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

O'Hara Properties & Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

171

171

At 30 September 2023

171

171

Depreciation

At 1 October 2022

43

43

Charge for the year

32

32

At 30 September 2023

75

75

Carrying amount

At 30 September 2023

96

96

At 30 September 2022

128

128

5

Debtors

Current

2023
£

2022
£

Other debtors

100

100

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

842

1,062

Accruals and deferred income

1,200

1,200

Other creditors

53,414

27,927

55,456

30,189

 

O'Hara Properties & Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100