Acorah Software Products - Accounts Production 15.0.500 false true true 30 November 2022 1 October 2021 false 1 December 2022 30 November 2023 30 November 2023 13018574 Mr James Midgley Ms Olivia Banks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13018574 2022-11-30 13018574 2023-11-30 13018574 2022-12-01 2023-11-30 13018574 frs-core:CurrentFinancialInstruments 2023-11-30 13018574 frs-core:Non-currentFinancialInstruments 2023-11-30 13018574 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 13018574 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 13018574 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13018574 frs-core:ShareCapital 2023-11-30 13018574 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13018574 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13018574 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13018574 frs-bus:SmallEntities 2022-12-01 2023-11-30 13018574 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13018574 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13018574 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 13018574 frs-bus:OrdinaryShareClass2 2023-11-30 13018574 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 13018574 frs-bus:OrdinaryShareClass3 2023-11-30 13018574 frs-bus:Director1 2022-12-01 2023-11-30 13018574 frs-bus:Director2 2022-12-01 2023-11-30 13018574 frs-countries:EnglandWales 2022-12-01 2023-11-30 13018574 2021-09-30 13018574 2022-11-30 13018574 2021-10-01 2022-11-30 13018574 frs-core:CurrentFinancialInstruments 2022-11-30 13018574 frs-core:Non-currentFinancialInstruments 2022-11-30 13018574 frs-core:ShareCapital 2022-11-30 13018574 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 13018574 frs-bus:OrdinaryShareClass2 2021-10-01 2022-11-30 13018574 frs-bus:OrdinaryShareClass3 2021-10-01 2022-11-30
Registered number: 13018574
O&J Property Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Root Accountants Ltd
Sandown House
Sandbeck Way
Wetherby
LS22 7DN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13018574
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 266,892 266,892
266,892 266,892
CURRENT ASSETS
Cash at bank and in hand 2,821 3,481
2,821 3,481
Creditors: Amounts Falling Due Within One Year 5 (592 ) (592 )
NET CURRENT ASSETS (LIABILITIES) 2,229 2,889
TOTAL ASSETS LESS CURRENT LIABILITIES 269,121 269,781
Creditors: Amounts Falling Due After More Than One Year 6 (277,915 ) (283,522 )
NET LIABILITIES (8,794 ) (13,741 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (8,894 ) (13,841 )
SHAREHOLDERS' FUNDS (8,794) (13,741)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Olivia Banks
Director
28/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
O&J Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13018574 . The registered office is 16 Chatsworth Drive, Wetherby, West Yorkshire, LS22 6XY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.The accounts are prepared on a going concern basis, on the assumption that the support of the directors will be continuing.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 December 2022 266,892
As at 30 November 2023 266,892
Net Book Value
As at 30 November 2023 266,892
As at 1 December 2022 266,892
Page 3
Page 4
The fair value of the properties at 30 November 2023 are stated at cost as above as the fair value have not significantly changed at 30 November 2023. Therefore, there has not been any fair value adjustment or deferred tax through the profit and loss account during the year.
5. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Accruals and deferred income 240 240
Directors' loan accounts 352 352
592 592
6. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Bank loans 213,103 214,022
Directors loan account 64,812 69,500
277,915 283,522
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
These represent mortgages on the investment properties.
30 November 2023 30 November 2022
£ £
Bank loans and overdrafts 213,103 214,022
8. Share Capital
30 November 2023 30 November 2022
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100
Ordinary A and Ordinary B shares have full rights to receive notice of, and attend vote at general meetings. One share carries one vote, and full rights to capital distributions (including upon winding up). The dividend entitlement is different to other ordinary shares.
Page 4