Registered number
13706236
OJK Properties Limited
Unaudited Filleted Accounts
31 October 2023
OJK Properties Limited
Registered number: 13706236
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 4 357,071 336,355
Current assets
Debtors 5 1,265 3,122
Cash at bank and in hand 1,858 1,056
3,123 4,178
Creditors: amounts falling due within one year 6 (94,490) (75,994)
Net current liabilities (91,367) (71,816)
Total assets less current liabilities 265,704 264,539
Creditors: amounts falling due after more than one year 7 (272,022) (268,293)
Net liabilities (6,318) (3,754)
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,319) (3,755)
Shareholder's funds (6,318) (3,754)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr O J Kristall
Director
Approved by the board on 30/07/2024.
OJK Properties Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Statutory information
OJK Properties Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address are as below:
Registered number: 13706236
Registered office: 51 Highmeadow
Radcliffe
Manchester
M26 1YN
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.
2 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including 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 and receivable, excluding VAT.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Accounting policies (continued)
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
4 Investment property
Total
£
Fair value
At 1 November 2022 336,355
Additions 20,716
At 31 October 2023 357,071
Historical cost
At 1 November 2022 336,335
At 31 October 2023 357,071
The investment property was valued on an open market basis on 31 October 2023 by the director.
5 Debtors 2023 2022
£ £
Trade debtors 65 1,153
Prepayments and accrued income - 169
Other debtors 1,200 1,800
1,265 3,122
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 75 -
Accruals and deferred income 900 2,595
Director's current account 92,315 71,599
Other creditors 1,200 1,800
94,490 75,994
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 272,022 268,293
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 272,022 268,293
Secured bank loans 272,022 268,293
Bank loans are secured over the properties to which they relate.
9 Related party transactions
During the year £20,716 (2022: £71,600) was advanced from and £Nil (2022: £1) was repaid to the director of the company. An amount of £92,315 (2022: £71,599) remained due to the director at the year end.
OJK Properties Limited 13706236 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 Mr O J Kristall No description of principal activity 13706236 2021-10-27 2022-10-31 13706236 core:WithinOneYear 2022-10-31 13706236 core:AfterOneYear 2022-10-31 13706236 core:ShareCapital 2022-10-31 13706236 core:RetainedEarningsAccumulatedLosses 2022-10-31 13706236 2022-11-01 2023-10-31 13706236 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13706236 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13706236 bus:Director40 2022-11-01 2023-10-31 13706236 1 2022-11-01 2023-10-31 13706236 2 2022-11-01 2023-10-31 13706236 bus:FRS102 2022-11-01 2023-10-31 13706236 bus:FilletedAccounts 2022-11-01 2023-10-31 13706236 2023-10-31 13706236 core:WithinOneYear 2023-10-31 13706236 core:AfterOneYear 2023-10-31 13706236 core:ShareCapital 2023-10-31 13706236 core:RetainedEarningsAccumulatedLosses 2023-10-31 13706236 core:AdditionsToInvestments 2023-10-31 13706236 2022-10-31 iso4217:GBP xbrli:pure