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COMPANY REGISTRATION NUMBER: 06308165
Ovis Properties Limited
Filleted Unaudited Financial Statements
5 April 2024
Ovis Properties Limited
Financial Statements
Year ended 5 April 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Ovis Properties Limited
Officers and Professional Advisers
The board of directors
Mr C I Cartwright
Mrs J M Cartwright
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Ovis Properties Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Ovis Properties Limited
Year ended 5 April 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 5 April 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Ovis Properties Limited
Statement of Financial Position
5 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
13,501
13,501
Current assets
Debtors
5
1,046
1,046
Creditors: amounts falling due within one year
6
505
505
-------
-------
Net current assets
541
541
--------
--------
Total assets less current liabilities
14,042
14,042
Creditors: amounts falling due after more than one year
7
14,305
14,305
--------
--------
Net liabilities
( 263)
( 263)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 265)
( 265)
----
----
Shareholders funds
( 263)
( 263)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 August 2024 , and are signed on behalf of the board by:
Mr C I Cartwright
Mrs J M Cartwright
Director
Director
Company registration number: 06308165
Ovis Properties Limited
Notes to the Financial Statements
Year ended 5 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by the directors in preparing these financial statements .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
All fixed assets are initially recorded at cost. The freehold land and buildings are not depreciated.
4. Tangible assets
Freehold property
£
Cost
At 6 April 2023 and 5 April 2024
13,501
--------
Depreciation
At 6 April 2023 and 5 April 2024
--------
Carrying amount
At 5 April 2024
13,501
--------
At 5 April 2023
13,501
--------
5. Debtors
2024
2023
£
£
Other debtors
1,046
1,046
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
505
505
----
----
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
14,305
14,305
--------
--------