Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12398849 2023-02-01 2024-01-31 12398849 2022-02-01 2023-01-31 12398849 2024-01-31 12398849 2023-01-31 12398849 c:Director1 2023-02-01 2024-01-31 12398849 d:Buildings 2023-02-01 2024-01-31 12398849 d:Buildings 2024-01-31 12398849 d:Buildings 2023-01-31 12398849 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12398849 d:LandBuildings 2024-01-31 12398849 d:LandBuildings 2023-01-31 12398849 d:FurnitureFittings 2023-02-01 2024-01-31 12398849 d:FurnitureFittings 2024-01-31 12398849 d:FurnitureFittings 2023-01-31 12398849 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12398849 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 12398849 d:OtherPropertyPlantEquipment 2024-01-31 12398849 d:OtherPropertyPlantEquipment 2023-01-31 12398849 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12398849 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12398849 d:CurrentFinancialInstruments 2024-01-31 12398849 d:CurrentFinancialInstruments 2023-01-31 12398849 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12398849 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12398849 d:ShareCapital 2024-01-31 12398849 d:ShareCapital 2023-01-31 12398849 d:RetainedEarningsAccumulatedLosses 2024-01-31 12398849 d:RetainedEarningsAccumulatedLosses 2023-01-31 12398849 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 12398849 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 12398849 c:FRS102 2023-02-01 2024-01-31 12398849 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12398849 c:FullAccounts 2023-02-01 2024-01-31 12398849 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12398849









ODIN PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
ODIN PROPERTIES LTD
REGISTERED NUMBER: 12398849

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
86,619
87,977

  
86,619
87,977

Current assets
  

Cash at bank and in hand
 5 
147
172

  
147
172

Creditors: amounts falling due within one year
 6 
(97,893)
(100,104)

Net current liabilities
  
 
 
(97,746)
 
 
(99,932)

Total assets less current liabilities
  
(11,127)
(11,955)

  

Net liabilities
  
(11,127)
(11,955)


Capital and reserves
  

Called up share capital 
  
103
103

Profit and loss account
  
(11,230)
(12,058)

  
(11,127)
(11,955)


Page 1

 
ODIN PROPERTIES LTD
REGISTERED NUMBER: 12398849
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2024.




................................................
Katherine Duncalfe
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ODIN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Odin Properties Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of property letting. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its directors, which they have pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ODIN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Fixtures and fittings
-
33% straight line
Other fixed assets
-
2% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 4

 
ODIN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 February 2023
53,020
4,107
35,830
92,957



At 31 January 2024

53,020
4,107
35,830
92,957



Depreciation


At 1 February 2023
-
2,829
2,151
4,980


Charge for the year on owned assets
-
641
717
1,358



At 31 January 2024

-
3,470
2,868
6,338



Net book value



At 31 January 2024
53,020
637
32,962
86,619



At 31 January 2023
53,020
1,278
33,679
87,977




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
53,020
53,020

53,020
53,020



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
147
172

147
172


Page 5

 
ODIN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
97,785
99,714

Accruals and deferred income
108
390

97,893
100,104



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
147
172




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Controlling party

The Company is controlled by the directors, Katherine Duncalfe and Cristopher Duncalfe, by virtue of their shareholdings as described in the Directors' report.

 
Page 6