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REGISTERED NUMBER: 04343202 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Omead Property Management Limited

Omead Property Management Limited (Registered number: 04343202)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Omead Property Management Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr R Parker
Mrs S Staveley
Ms C N Parker





SECRETARY: Ms P Parker





REGISTERED OFFICE: 16 Leys Road
Oxshott
Surrey
KT22 0QE





REGISTERED NUMBER: 04343202 (England and Wales)





ACCOUNTANTS: WILSHERS DEJ
10-11 Heathfield Terrace
London
W4 4JE

Omead Property Management Limited (Registered number: 04343202)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 501,800 435,974
Investment property 5 435,000 825,000
936,800 1,260,974

CURRENT ASSETS
Cash at bank 219,401 101

CREDITORS
Amounts falling due within one year 6 44,430 11,427
NET CURRENT ASSETS/(LIABILITIES) 174,971 (11,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,111,771

1,249,648

CREDITORS
Amounts falling due after more than one
year

7

-

(208,061

)

PROVISIONS FOR LIABILITIES (36,701 ) (80,107 )
NET ASSETS 1,075,070 961,480

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings unrealised 236,286 284,405
Retained earnings realised 837,784 676,075
SHAREHOLDERS' FUNDS 1,075,070 961,480

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.

Omead Property Management Limited (Registered number: 04343202)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





Mr R Parker - Director


Omead Property Management Limited (Registered number: 04343202)

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

1. STATUTORY INFORMATION

Omead Property Management 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 as modified by the revaluation of certain assets.

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 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.

Listed investments
Investments are included at fair value. Any fair value adjustment during the year is charged to unrealised retained profit account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Omead Property Management Limited (Registered number: 04343202)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 435,974
Additions 86,705
Disposals (20,879 )
At 31 December 2023 501,800
NET BOOK VALUE
At 31 December 2023 501,800
At 31 December 2022 435,974

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 825,000
Disposals (400,000 )
Fair value adjustment 10,000
At 31 December 2023 435,000
NET BOOK VALUE
At 31 December 2023 435,000
At 31 December 2022 825,000

At 31 December 2021 the Company's freehold investments were valued by the Director on an open market basis at £825,000.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 43,290 6,517
Other creditors 1,140 4,910
44,430 11,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 208,061