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REGISTERED NUMBER: 08729670 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 31 December 2023

for

OBN Investments Ltd

OBN Investments Ltd (Registered number: 08729670)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBN Investments Ltd

Company Information
for the Period 1 November 2022 to 31 December 2023







DIRECTOR: J C Sherwen





REGISTERED OFFICE: Pinden
Mile End Green
Dartford
Kent
DA2 8EB





REGISTERED NUMBER: 08729670 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

OBN Investments Ltd (Registered number: 08729670)

Balance Sheet
31 December 2023

31.12.23 31.10.22
Notes £    £   
FIXED ASSETS
Investments 4 786,013 1,153,747
Investment property 5 1,730,445 531,983
2,516,458 1,685,730

CURRENT ASSETS
Debtors 6 505,375 463,500
Cash at bank 266,560 66,231
771,935 529,731
CREDITORS
Amounts falling due within one year 7 (1,600,044 ) (1,420,935 )
NET CURRENT LIABILITIES (828,109 ) (891,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,688,349

794,526

CREDITORS
Amounts falling due after more than one year 8 (734,809 ) (362,048 )

PROVISIONS FOR LIABILITIES (47,860 ) -
NET ASSETS 905,680 432,478

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 (47,860 ) -
Retained earnings 953,440 432,378
905,680 432,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

OBN Investments Ltd (Registered number: 08729670)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2024 and were signed by:





J C Sherwen - Director


OBN Investments Ltd (Registered number: 08729670)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

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


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

OBN Investments Ltd (Registered number: 08729670)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022 1,153,747
Impairments (367,734 )
At 31 December 2023 786,013
NET BOOK VALUE
At 31 December 2023 786,013
At 31 October 2022 1,153,747

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 531,983
Additions 1,198,462
At 31 December 2023 1,730,445
NET BOOK VALUE
At 31 December 2023 1,730,445
At 31 October 2022 531,983

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the investment properties amounts to £1,730,445 (2022 - £531,983).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Other debtors 505,375 463,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Bank loans and overdrafts 10,540 10,779
Amounts owed to group undertakings 26,229 -
Taxation and social security 28,666 8,381
Other creditors 1,534,609 1,401,775
1,600,044 1,420,935

OBN Investments Ltd (Registered number: 08729670)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.10.22
£    £   
Bank loans 734,809 362,048

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 721,183 336,993

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.10.22
£    £   
Bank loans 745,349 372,827

Bank loans are secured by way of a first legal charge over the freehold property to which the loan relates.

10. RESERVES
Fair
value
reserve
£   
Deferred tax (47,860 )

At 31 December 2023 (47,860 )