IRIS Accounts Production v24.1.0.578 08779742 director 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087797422022-11-30087797422023-11-30087797422022-12-012023-11-30087797422021-11-30087797422021-12-012022-11-30087797422022-11-3008779742ns15:EnglandWales2022-12-012023-11-3008779742ns14:PoundSterling2022-12-012023-11-3008779742ns10:Director12022-12-012023-11-3008779742ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3008779742ns10:SmallEntities2022-12-012023-11-3008779742ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3008779742ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3008779742ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3008779742ns10:FullAccounts2022-12-012023-11-3008779742ns10:RegisteredOffice2022-12-012023-11-3008779742ns5:CurrentFinancialInstruments2023-11-3008779742ns5:CurrentFinancialInstruments2022-11-3008779742ns5:Non-currentFinancialInstruments2023-11-3008779742ns5:Non-currentFinancialInstruments2022-11-3008779742ns5:ShareCapital2023-11-3008779742ns5:ShareCapital2022-11-3008779742ns5:RevaluationReserve2023-11-3008779742ns5:RevaluationReserve2022-11-3008779742ns5:RetainedEarningsAccumulatedLosses2023-11-3008779742ns5:RetainedEarningsAccumulatedLosses2022-11-3008779742ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3008779742ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 08779742 (England and Wales)















Financial Statements

for the Year Ended 30 November 2023

for

One Sight Estates Limited

One Sight Estates Limited (Registered number: 08779742)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


One Sight Estates Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: Mr R U Mistry





REGISTERED OFFICE: Maple House
382 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 08779742 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

One Sight Estates Limited (Registered number: 08779742)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
FIXED ASSETS
Investment property 4 1,135,000 798,659

CURRENT ASSETS
Debtors 5 - 120
Cash at bank and in hand 15,134 13,314
15,134 13,434
CREDITORS
Amounts falling due within one year 6 (47,519 ) (54,423 )
NET CURRENT LIABILITIES (32,385 ) (40,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,102,615

757,670

CREDITORS
Amounts falling due after more than one year 7 (578,480 ) (576,099 )

PROVISIONS FOR LIABILITIES (63,905 ) -
NET ASSETS 460,230 181,571

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 272,436 -
Retained earnings 187,694 181,471
SHAREHOLDERS' FUNDS 460,230 181,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

One Sight Estates Limited (Registered number: 08779742)

Balance Sheet - continued
30 November 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 director and authorised for issue on 24 April 2024 and were signed by:





Mr R U Mistry - Director


One Sight Estates Limited (Registered number: 08779742)

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

One Sight Estates 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.

Turnover
Turnover represents rents received exclusive of value added tax.

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.

3. EMPLOYEES AND DIRECTORS

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

One Sight Estates Limited (Registered number: 08779742)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 December 2022 798,659
Revaluations 336,341
At 30 November 2023 1,135,000
NET BOOK VALUE
At 30 November 2023 1,135,000
At 30 November 2022 798,659

The property was revalued in 2019 to £1,135,000 to reflect its market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Other debtors - 120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Taxation and social security 3,740 8,569
Other creditors 43,779 45,854
47,519 54,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£ £
Bank loans 578,480 335,099
Other creditors - 241,000
578,480 576,099

8. RESERVES
Revaluation
reserve
£
Fair value reserve 272,436

At 30 November 2023 272,436

9. RELATED PARTY DISCLOSURES

Related party balance represents amounts payable to a company under common control.