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REGISTERED NUMBER: 14498789 (England and Wales)















Unaudited Financial Statements

for the Period 22 November 2022 to 31 March 2024

for

OTTOY Limited

OTTOY Limited (Registered number: 14498789)






Contents of the Financial Statements
for the Period 22 November 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OTTOY Limited

Company Information
for the Period 22 November 2022 to 31 March 2024







DIRECTORS: E W Greeves
Mrs M A Greeves





REGISTERED OFFICE: Stapleford Mill Farm
Ryecroft Lane
Tarvin
Chester
CH3 8HH





REGISTERED NUMBER: 14498789 (England and Wales)

OTTOY Limited (Registered number: 14498789)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Investment property 4 162,000

CURRENT ASSETS
Cash in hand 100

CREDITORS
Amounts falling due within one year 5 162,615
NET CURRENT LIABILITIES (162,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(515

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (615 )
(515 )

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

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

OTTOY Limited (Registered number: 14498789)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





E W Greeves - Director


OTTOY Limited (Registered number: 14498789)

Notes to the Financial Statements
for the Period 22 November 2022 to 31 March 2024

1. STATUTORY INFORMATION

OTTOY 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.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


OTTOY Limited (Registered number: 14498789)

Notes to the Financial Statements - continued
for the Period 22 November 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 162,000
At 31 March 2024 162,000
NET BOOK VALUE
At 31 March 2024 162,000

The Directors have considered the fair value of the investment properties as at the period end on an open market basis by reference to similar properties in the locality.

The Directors are of the opinion that the original acquisition costs still reflect the investment properties fair value and as such no fair value adjustment is required as at the period end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 162,615

6. RELATED PARTY DISCLOSURES

The Directors have advanced funds on an interest free and repayable upon demand basis.

At the 31 March 2024 the amount owed to the Directors was £162,290.