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REGISTERED NUMBER: 13129960 (England and Wales)















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: J J Buckingham
Mrs L M Simpson Scott





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 13129960 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
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 1,281 1,528

CURRENT ASSETS
Debtors 5 438 392
Cash at bank 15,921 31,334
16,359 31,726
CREDITORS
Amounts falling due within one year 6 17,539 33,168
NET CURRENT LIABILITIES (1,180 ) (1,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101

86

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1 (14 )
SHAREHOLDERS' FUNDS 101 86

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 12 July 2024 and were signed on its behalf by:



Mrs L M Simpson Scott - Director



J J Buckingham - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 - 2,716 2,716
Additions 180 - 180
At 31 January 2024 180 2,716 2,896
Depreciation
At 1 February 2023 - 1,188 1,188
Charge for year 45 382 427
At 31 January 2024 45 1,570 1,615
Net book value
At 31 January 2024 135 1,146 1,281
At 31 January 2023 - 1,528 1,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 438 392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Amounts owed to group undertakings 8,611 4,904
Taxation and social security 693 1,055
Other creditors 8,235 27,209
17,539 33,168

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.