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Company Registration No. 12293214 (England and Wales)
Osmosis Properties Limited Unaudited accounts for the year ended 31 March 2024
Osmosis Properties Limited Unaudited accounts Contents
Page
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Osmosis Properties Limited Company Information for the year ended 31 March 2024
Director
S Scop
Company Number
12293214 (England and Wales)
Registered Office
152 COLES GREEN ROAD LONDON NW2 7HD ENGLAND
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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Osmosis Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,250,000 
1,020,640 
Current assets
Debtors
- 
488 
Cash at bank and in hand
25,516 
9,103 
25,516 
9,591 
Creditors: amounts falling due within one year
(78,412)
(43,875)
Net current liabilities
(52,896)
(34,284)
Total assets less current liabilities
1,197,104 
986,356 
Creditors: amounts falling due after more than one year
(883,901)
(924,621)
Provisions for liabilities
Deferred tax
(57,340)
- 
Net assets
255,863 
61,735 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
255,763 
61,635 
Shareholders' funds
255,863 
61,735 
For the year ending 31 March 2024 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 11 October 2024 and were signed on its behalf by
S Scop Director Company Registration No. 12293214
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Osmosis Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Osmosis Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12293214. The registered office is 152 COLES GREEN ROAD, LONDON, NW2 7HD, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
1,020,640 
Net gain from fair value adjustments
229,360 
At 31 March 2024
1,250,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
488 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,000 
36,000 
Amounts owed to group undertakings and other participating interests
40,412 
- 
Other creditors
- 
3,875 
Accruals
2,000 
4,000 
78,412 
43,875 
See note 7 below for security given for bank loans and overdrafts.
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Osmosis Properties Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
783,901 
824,621 
Loans from directors
100,000 
100,000 
883,901 
924,621 
The bank loan is secured by a legal charge over the company's investment property and a fixed and floating charge over all the assets of the company, and a cross-guarantee in favour of LLoyds Bank plc in respect of borrowings by Osmosis Promotional Products Ltd, Pulstar Dataprint Ltd, Replay Promotions Limited, Sonata Ltd and the company. The loan is repayable in monthly instalment of interest and capital totalling £96.000 per year.
8
Transactions with related parties
An amount of £40,412 (2023: £488) was due to Osmosis Promotional Products Limited. The company received rent of £24,000 (2023:£79,500) from Osmosis Promotional Products Limited in the year. The company has received a loan amounting to £100,000 from S Scop the director. The loan is interest free and will not be due for repayment before 30 December 2025. At the balance sheet date, the loan is presented within creditors: amounts falling due after more than one year.
9
Controlling party
The controlling party is Osmosis Promotional Products Limited registered in England at 152 Coles Green Road London NW2 7HD.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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