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REGISTERED NUMBER: 07194199 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ORAEES INVESTMENT LIMITED

ORAEES INVESTMENT LIMITED (REGISTERED NUMBER: 07194199)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ORAEES INVESTMENT LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: T Oraee-Mirzamani





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 07194199 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

ORAEES INVESTMENT LIMITED (REGISTERED NUMBER: 07194199)

STATEMENT OF FINANCIAL POSITION
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,800,000 1,800,000

CURRENT ASSETS
Debtors 5 263,800 107,800
Cash at bank 8,825 19,095
272,625 126,895
CREDITORS
Amounts falling due within one year 6 161,463 180,422
NET CURRENT ASSETS/(LIABILITIES) 111,162 (53,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,911,162

1,746,473

CREDITORS
Amounts falling due after more than one
year

7

1,029,978

850,500
NET ASSETS 881,184 895,973

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 568,958 568,958
Retained earnings 312,126 326,915
881,184 895,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ORAEES INVESTMENT LIMITED (REGISTERED NUMBER: 07194199)

STATEMENT OF FINANCIAL POSITION - continued
30 September 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 6 September 2024 and were signed by:





T Oraee-Mirzamani - Director


ORAEES INVESTMENT LIMITED (REGISTERED NUMBER: 07194199)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Oraees Investment Limited 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.

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.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,800,000
NET BOOK VALUE
At 30 September 2023 1,800,000
At 30 September 2022 1,800,000

ORAEES INVESTMENT LIMITED (REGISTERED NUMBER: 07194199)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2017 (383,154 )
Valuation in 2021 568,958
Cost 1,614,196
1,800,000

In the opinion of the director, there are no material movement between current market value and the value shown on the face of the balance sheet.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 21,000
Other debtors 263,800 86,800
263,800 107,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 4,873 2,761
Taxation and social security 12,552 23,361
Other creditors 144,038 154,300
161,463 180,422

Included within other creditors are accrued expenses of £11,000 (2022: £11,000)

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 1,029,978 850,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 197,731 -

Repayable by instalments
Bank loans more 5 yr by instal 832,247 850,500

ORAEES INVESTMENT LIMITED (REGISTERED NUMBER: 07194199)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 1,029,978 850,500

Bank loans are secured by way of fixed and floating charges over all undertakings and all property and assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 568,958