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REGISTERED NUMBER: 11998424 (England and Wales)


















DAVID OGLE PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






DAVID OGLE PROPERTY LTD (REGISTERED NUMBER: 11998424)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID OGLE PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D Ogle





REGISTERED OFFICE: 15 Towcester Road
Old Stratford
Milton Keynes
Buckinghamshire
MK19 6AN





REGISTERED NUMBER: 11998424 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

DAVID OGLE PROPERTY LTD (REGISTERED NUMBER: 11998424)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,394 -
Investment property 5 1,666,992 1,300,000
1,668,386 1,300,000

CURRENT ASSETS
Debtors 6 396 2,277
Prepayments and accrued income 1,150 -
Cash at bank 161 57,703
1,707 59,980
CREDITORS
Amounts falling due within one year 7 183,927 44,664
NET CURRENT (LIABILITIES)/ASSETS (182,220 ) 15,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,166

1,315,316

CREDITORS
Amounts falling due after more than one
year

8

(1,020,442

)

(866,117

)

PROVISIONS FOR LIABILITIES (63,178 ) -
NET ASSETS 402,546 449,199

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 402,545 449,198
402,546 449,199

DAVID OGLE PROPERTY LTD (REGISTERED NUMBER: 11998424)

BALANCE SHEET - continued
31 MAY 2024


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

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

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 20 July 2024 and were signed by:





D Ogle - Director


DAVID OGLE PROPERTY LTD (REGISTERED NUMBER: 11998424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

David Ogle Property Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 as modified by the revaluation of certain assets.

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 - 20% on cost

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.

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.

DAVID OGLE PROPERTY LTD (REGISTERED NUMBER: 11998424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,742
At 31 May 2024 1,742
DEPRECIATION
Charge for year 348
At 31 May 2024 348
NET BOOK VALUE
At 31 May 2024 1,394

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,300,000
Additions 366,992
At 31 May 2024 1,666,992
NET BOOK VALUE
At 31 May 2024 1,666,992
At 31 May 2023 1,300,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 331,120
Cost 1,335,872
1,666,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 396 2,277

DAVID OGLE PROPERTY LTD (REGISTERED NUMBER: 11998424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 90
Taxation and social security 9,000 12,048
Other creditors 174,927 32,526
183,927 44,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,020,442 866,117

Within creditors due after 1 year is a loan of £760,728 (2023 - £740,728) from Format Graphics Limited. This is a connected company by virtue of the same shareholding and directorship.