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Company Registration No. 10335953 (England and Wales)
Osbald Properties Limited Unaudited accounts for the year ended 31 August 2023
Osbald Properties Limited Unaudited accounts Contents
Page
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Osbald Properties Limited Company Information for the year ended 31 August 2023
Director
P M Friesel
Company Number
10335953 (England and Wales)
Registered Office
97 OSBALDESTON ROAD LONDON N16 6NP ENGLAND
Accountants
The Modern Accountant LTD Suite 30 15a Market Street Telford England TF2 6EL
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Osbald Properties Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
560,874 
560,874 
Current assets
Debtors
24,754 
- 
Cash at bank and in hand
27,542 
70,874 
52,296 
70,874 
Creditors: amounts falling due within one year
(600)
(38,122)
Net current assets
51,696 
32,752 
Total assets less current liabilities
612,570 
593,626 
Creditors: amounts falling due after more than one year
(635,970)
(611,712)
Net liabilities
(23,400)
(18,086)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(23,401)
(18,087)
Shareholders' funds
(23,400)
(18,086)
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 May 2024 and were signed on its behalf by
P M Friesel Director Company Registration No. 10335953
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Osbald Properties Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Osbald Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10335953. The registered office is 97 OSBALDESTON ROAD, LONDON, N16 6NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 September 2022
560,874 
At 31 August 2023
560,874 
Investment properties are valued at cost
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
24,754 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
2,522 
Other creditors
- 
35,000 
Accruals
600 
600 
600 
38,122 
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Osbald Properties Limited Notes to the Accounts for the year ended 31 August 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
526,913 
532,438 
Other creditors
4,500 
4,500 
Loans from directors
104,557 
74,774 
635,970 
611,712 
The amount of bank loans of £410,115 (2019: £358,887) is the amount outstanding on interest only mortgages secured against the investment proporties. The amount of £50,203 (2019: £50,538) included as other creditors is the balance outstanding on the director's loan account.
8
Transactions with related parties
The amount due to other creditors of £50,203 (2019 £50,538) covers the amount outstanding on the director's loan account.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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