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REGISTERED NUMBER: 11135071 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Only Realty Ltd

Only Realty Ltd (Registered number: 11135071)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Only Realty Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms C M Mcgrath





REGISTERED OFFICE: Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE





REGISTERED NUMBER: 11135071 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Only Realty Ltd (Registered number: 11135071)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 100,000 100,000

CURRENT ASSETS
Cash at bank 5,684 3,585

CREDITORS
Amounts falling due within one year 6 1,647 4,328
NET CURRENT ASSETS/(LIABILITIES) 4,037 (743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,037

99,257

CREDITORS
Amounts falling due after more than one
year

7

96,624

93,559
NET ASSETS 7,413 5,698

RESERVES
Retained earnings 7,413 5,698
7,413 5,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 22 October 2024 and were signed by:





Ms C M Mcgrath - Director


Only Realty Ltd (Registered number: 11135071)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Only Realty 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 (£).


Amounts are rounded to the nearest Pound Sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company meets its day to day working capital requirements through the financial support of its director. The director anticipates that this financial support will continue for the foreseeable future and that the financial statements should be prepared on a going concern basis. The financial statements do not include any adjustments that may be required should this financial support no longer continue.

Turnover
Turnover represents gross income from lettings during the period.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Only Realty Ltd (Registered number: 11135071)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 100,000
NET BOOK VALUE
At 31 January 2024 100,000
At 31 January 2023 100,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 14,091
Cost 85,909
100,000

If the property had not been revalued it would have been included at the following historical cost:

31/1/24 31/1/23
£    £   
Cost 85,909 85,909

Investment property was valued on an open market basis on 31 January 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Tax 641 1,110
Directors' current accounts 312 2,065
Accrued expenses 694 1,153
1,647 4,328

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Directors' loan accounts 96,624 93,559

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C M Mcgrath.