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REGISTERED NUMBER: 11720394 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Ortenz Investment Properties Ltd

Ortenz Investment Properties Ltd (Registered number: 11720394)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Ortenz Investment Properties Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: F Elezaj
O Hakia





REGISTERED OFFICE: 354 High Street North
East Ham
London
E12 6PH





REGISTERED NUMBER: 11720394 (England and Wales)





ACCOUNTANTS: Ortenz & Co
354 High St N
London
E12 6PH

Ortenz Investment Properties Ltd (Registered number: 11720394)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,270,144 3,362,714

CURRENT ASSETS
Debtors 5 (400 ) -
Cash at bank and in hand 31,304 168,464
30,904 168,464
CREDITORS
Amounts falling due within one year 6 1,705,422 1,314,760
NET CURRENT LIABILITIES (1,674,518 ) (1,146,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,595,626

2,216,418

CREDITORS
Amounts falling due after more than
one year

7

(1,882,789

)

(1,642,789

)

PROVISIONS FOR LIABILITIES (148,000 ) (119,912 )
NET ASSETS 564,837 453,717

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 564,737 453,617
SHAREHOLDERS' FUNDS 564,837 453,717

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 directors acknowledge their 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.

Ortenz Investment Properties Ltd (Registered number: 11720394)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





F Elezaj - Director


Ortenz Investment Properties Ltd (Registered number: 11720394)

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

1. STATUTORY INFORMATION

Ortenz Investment Properties 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.

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 represents rental income received on investment properties.

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 Statement of Income and Retained Earnings, 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 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 (2023 - NIL).

Ortenz Investment Properties Ltd (Registered number: 11720394)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 3,362,714
Additions 795,078
Revaluations 112,352
At 31 January 2024 4,270,144
NET BOOK VALUE
At 31 January 2024 4,270,144
At 31 January 2023 3,362,714

The investment properties owned by the company were valued at 31 January 2024 by the bank, using an open market value for existing use basis at £4,270,144. The historical cost of the properties at 31 January 2023 was £3,362,714.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other Creditors (400 ) -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 8) 841,952 581,952
Trade creditors - (2 )
Tax 13,560 13,973
Directors' current accounts 849,910 718,837
1,705,422 1,314,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 1,882,789 1,642,789

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,882,789 1,642,789

Ortenz Investment Properties Ltd (Registered number: 11720394)

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

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Loans from Orel & Orgeto Inves 841,952 581,952

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,882,789 1,642,789

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES

The profit and loss reserves of £564,737 includes all current and prior period retained profits and losses. £444,000 of the profit and loss reserves is non distributable. The non distributable element of the profit and loss reserves relates to investment property revaluation gains, net of related deferred taxation.

Ortenz Investment Properties Ltd

Report of the Accountants to the Directors of
Ortenz Investment Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ortenz & Co
354 High St N
London
E12 6PH


30 October 2024