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REGISTERED NUMBER: 11164286 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Otter Property Limited

Otter Property Limited (Registered number: 11164286)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Otter Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Michael James Wilcox





REGISTERED OFFICE: Central Office, Cobweb Buildings
The Lane
Lyford
Oxfordshire
OX12 0EE





REGISTERED NUMBER: 11164286 (England and Wales)





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Otter Property Limited (Registered number: 11164286)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 2,023,531 49,248

CURRENT ASSETS
Debtors 5 573,380 579,720
Cash at bank 6,403 8,320
579,783 588,040
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

(65,852

)

(10,153

)
NET CURRENT ASSETS 513,931 577,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,537,462

627,135

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE
YEAR


7


(2,489,309


)


(560,971


)
NET ASSETS 48,153 66,164

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 48,152 66,163
SHAREHOLDERS' FUNDS 48,153 66,164

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

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

Otter Property Limited (Registered number: 11164286)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

Approved and authorised by the director and authorised for issue on 22 July 2024 and were signed by:





Mr Michael James Wilcox - Director


Otter Property Limited (Registered number: 11164286)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Otter Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 49,248
Additions 1,975,559
Exchange differences (1,276 )
At 31 March 2024 2,023,531
NET BOOK VALUE
At 31 March 2024 2,023,531
At 31 March 2023 49,248

Otter Property Limited (Registered number: 11164286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Accrued income 1,250 -
Accruals (1,397 ) (438 )
Prepayments 207 -
60 (438 )

Amounts falling due after more than one year:
Other debtors 573,320 580,158

Aggregate amounts 573,380 579,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,704 -
Corporation tax payable (4,392 ) 10,153
Deferred income 2,540 -
65,852 10,153

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 50,820 -
Bank Loan 2 219,997 -
Bank loans more 5 yr by instal 181,303 -
Bank loans more 5 yr by instal 769,748 -
Directors' loan accounts 1,267,441 560,971
2,489,309 560,971

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 181,303 -
Bank loans more 5 yr by instal 769,748 -
951,051 -

Otter Property Limited (Registered number: 11164286)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Paragon Bank PLC 1,044,745 -
Fleet Mortgages Limited 244,829 -
1,289,574 -

Paragon Bank PLC hold a fixed charge over the property 1 Tilney Court, London EC1V 9BQ.

Fleet Mortgages Ltd hold a fixed charge over the property 16A Shirley Gardens, London W7 3PT.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1