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
Osbald Properties Limited
Company Information
for the year ended 31 August 2023
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
Osbald Properties Limited
Statement of financial position
as at 31 August 2023
Investment property
560,874
560,874
Cash at bank and in hand
27,542
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)
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
Osbald Properties Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 September 2022
560,874
Investment properties are valued at cost
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
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
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).