REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Oramo Lettings Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Oramo Lettings Ltd |
Oramo Lettings Ltd (Registered number: 13129960) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Oramo Lettings Ltd |
Company Information |
for the Year Ended 31 January 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
48 Hucclecote Road |
Gloucester |
Gloucestershire |
GL3 3RS |
Oramo Lettings Ltd (Registered number: 13129960) |
Statement of Financial Position |
31 January 2024 |
31/1/24 | 31/1/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
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 |
Oramo Lettings Ltd (Registered number: 13129960) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Oramo Lettings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the commissions received or receivable, excluding discounts, rebates, value added tax and other sales tax taxes.This represents the net commissions of rental income received and all property costs incurred on these properties. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
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 statement of financial position date. |
Going concern |
Despite net current liabilities of £1,180 at 31 January 2024 (2023 - £1,442), the accounts have been prepared on a going concern basis. |
The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Oramo Lettings Ltd (Registered number: 13129960) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
Cost |
At 1 February 2023 |
Additions |
At 31 January 2024 |
Depreciation |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
Net book value |
At 31 January 2024 |
At 31 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
J J Buckingham |
Mrs L M Simpson Scott |
At 31 January 2024 the directors had loaned the following funds to the company: |
J J Buckingham - £3,410 (2023 - £13,030) |
Mrs L M Simpson Scott - £3,925 (2023 - £13,278) |
The above loans, included within other creditors, are interest free and have no fixed repayment terms. |
The company also rents out property owned by the directors. |
Oramo Holdings Ltd |
Parent company |
At 31 January 2024, Oramo Holdings Ltd was owed £8,611 (2023 - £4,904) from the company. The loan is interest free and has no fixed repayment terms. |
Oramo Lettings Ltd (Registered number: 13129960) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Oramo Holdings Ltd, a company controlled by the directors J J Buckingham and Mrs L M Simpson Scott. Oramo Holdings Ltd, which shares the same registered office as Oramo Lettings Ltd, has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |