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REGISTERED NUMBER: 01628522 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Owlsmoor Business Services Limited
Trading as
Seekers Estate Agents

Owlsmoor Business Services Limited (Registered number: 01628522)
Trading as Seekers Estate Agents






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


Owlsmoor Business Services Limited
Trading as Seekers Estate Agents

Company Information
For The Year Ended 31 March 2024







DIRECTOR: K H Morgan





SECRETARY: K H Morgan





REGISTERED OFFICE: 183 Victoria Road
Aldershot
Hampshire
GU11 1JU





REGISTERED NUMBER: 01628522 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Owlsmoor Business Services Limited (Registered number: 01628522)
Trading as Seekers Estate Agents

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,813 1,734

CURRENT ASSETS
Stocks 3,100 3,100
Debtors 6 6,527 14,260
Cash at bank and in hand 209 8,697
9,836 26,057
CREDITORS
Amounts falling due within one year 7 88,797 110,237
NET CURRENT LIABILITIES (78,961 ) (84,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(77,148

)

(82,446

)

CREDITORS
Amounts falling due after more than one
year

8

6,204

11,178
NET LIABILITIES (83,352 ) (93,624 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (83,452 ) (93,724 )
SHAREHOLDERS' FUNDS (83,352 ) (93,624 )

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.

Owlsmoor Business Services Limited (Registered number: 01628522)
Trading as Seekers Estate Agents

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.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





K H Morgan - Director


Owlsmoor Business Services Limited (Registered number: 01628522)
Trading as Seekers Estate Agents

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Owlsmoor Business Services 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Furniture, Fixtures and equipment - 15% reducing balance basis
Furniture for flat - 15% reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Owlsmoor Business Services Limited (Registered number: 01628522)
Trading as Seekers Estate Agents

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Furniture,
Fixtures
Computer and Furniture
equipment equipment for flat Totals
£    £    £    £   
COST
At 1 April 2023 5,968 43,119 2,202 51,289
Additions - 650 - 650
At 31 March 2024 5,968 43,769 2,202 51,939
DEPRECIATION
At 1 April 2023 5,709 41,644 2,202 49,555
Charge for year 252 319 - 571
At 31 March 2024 5,961 41,963 2,202 50,126
NET BOOK VALUE
At 31 March 2024 7 1,806 - 1,813
At 31 March 2023 259 1,475 - 1,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,400 -
Other debtors 1,268 10,207
Prepayments 2,859 4,053
6,527 14,260

Owlsmoor Business Services Limited (Registered number: 01628522)
Trading as Seekers Estate Agents

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,543 7,714
Trade creditors 5,924 12,650
Social security and other taxes 1,825 2,228
VAT 6,060 6,910
Other creditors 40,238 67,025
Pension contributions payable 377 392
Directors' current accounts 21,437 10,988
Accrued expenses 2,393 2,330
88,797 110,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 6,204 11,178

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 5,543 2,714
Bank loans 11,204 16,178
16,747 18,892

The bank borrowing is secured by personal guarantees of the director K H Morgan.