IRIS Accounts Production v24.1.4.33 10479492 director 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104794922022-11-30104794922023-11-30104794922022-12-012023-11-30104794922021-11-30104794922021-12-012022-11-30104794922022-11-3010479492ns15:EnglandWales2022-12-012023-11-3010479492ns14:PoundSterling2022-12-012023-11-3010479492ns10:Director12022-12-012023-11-3010479492ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3010479492ns10:SmallEntities2022-12-012023-11-3010479492ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3010479492ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3010479492ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3010479492ns10:FullAccounts2022-12-012023-11-3010479492ns5:CurrentFinancialInstruments2023-11-3010479492ns5:CurrentFinancialInstruments2022-11-3010479492ns5:ShareCapital2023-11-3010479492ns5:ShareCapital2022-11-3010479492ns5:RetainedEarningsAccumulatedLosses2023-11-3010479492ns5:RetainedEarningsAccumulatedLosses2022-11-3010479492ns10:RegisteredOffice2022-12-012023-11-3010479492ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3010479492ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 10479492 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ONGAR 2019 LTD

ONGAR 2019 LTD (REGISTERED NUMBER: 10479492)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 NOVEMBER 2023




Page

Chartered Accountants' Report 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ONGAR 2019 LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ongar 2019 Ltd for the year ended 30 November 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ongar 2019 Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ongar 2019 Ltd and state those matters that we have agreed to state to the director of Ongar 2019 Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ongar 2019 Ltd and its director for our work or for this report.

It is your duty to ensure that Ongar 2019 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ongar 2019 Ltd. You consider that Ongar 2019 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ongar 2019 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA


15 August 2024

ONGAR 2019 LTD (REGISTERED NUMBER: 10479492)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 115,758 115,758

CURRENT ASSETS
Debtors 5 2,138 3,179
Cash at bank and in hand 4,153 2,372
6,291 5,551
CREDITORS
Amounts falling due within one year 6 87,348 95,478
NET CURRENT LIABILITIES (81,057 ) (89,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,701

25,831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,601 25,731
34,701 25,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 director and authorised for issue on 15 August 2024 and were signed by:





Mr D A Floyd - Director


ONGAR 2019 LTD (REGISTERED NUMBER: 10479492)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Ongar 2019 Ltd 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: 10479492

Registered office: Aaron House 8 Hainault Business Park
Forest Road
Hainault
Essex
IG6 3JP

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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.


ONGAR 2019 LTD (REGISTERED NUMBER: 10479492)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 115,758
NET BOOK VALUE
At 30 November 2023 115,758
At 30 November 2022 115,758

The director considers the market value of the properties as at year-end to be as stated in the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,894 2,933
Other debtors 244 246
2,138 3,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,081 2,211
Other creditors 85,267 93,267
87,348 95,478

ONGAR 2019 LTD (REGISTERED NUMBER: 10479492)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 NOVEMBER 2023

7. RELATED PARTY DISCLOSURES

Included in other creditors is an interest free amount of £79,300 (2022: £87,300) payable to a company with common directorship. The loan is interest-free and repayable on demand.