2023-02-01 2024-01-31 false Capium Accounts Production 1.1 04256143 bus:FullAccounts 2023-02-01 2024-01-31 04256143 bus:FRS102 2023-02-01 2024-01-31 04256143 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04256143 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04256143 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04256143 2023-02-01 2024-01-31 04256143 2024-01-31 04256143 bus:RegisteredOffice 2023-02-01 2024-01-31 04256143 core:WithinOneYear 2024-01-31 04256143 core:AfterOneYear 2024-01-31 04256143 bus:Director1 2023-02-01 2024-01-31 04256143 bus:Director1 2024-01-31 04256143 bus:Director1 2022-02-01 2023-01-31 04256143 bus:Director2 2023-02-01 2024-01-31 04256143 bus:Director2 2024-01-31 04256143 bus:Director2 2022-02-01 2023-01-31 04256143 2022-02-01 04256143 bus:CompanySecretary1 2023-02-01 2024-01-31 04256143 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 04256143 2022-02-01 2023-01-31 04256143 2023-01-31 04256143 core:WithinOneYear 2023-01-31 04256143 core:AfterOneYear 2023-01-31 04256143 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 04256143 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 04256143 bus:OrdinaryShareClass1 2024-01-31 04256143 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 04256143 bus:OrdinaryShareClass1 2023-01-31 04256143 core:FurnitureFittings 2023-02-01 2024-01-31 04256143 core:FurnitureFittings 2024-01-31 04256143 core:FurnitureFittings 2023-01-31 04256143 core:InvestmentProperties 2023-02-01 2024-01-31 04256143 core:InvestmentProperties 2024-01-31 04256143 core:InvestmentProperties 2023-01-31 04256143 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 04256143 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 04256143 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 04256143 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 04256143 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 04256143 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 04256143 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 04256143 core:Non-currentFinancialInstruments 2024-01-31 04256143 core:Non-currentFinancialInstruments 2023-01-31 04256143 core:ShareCapital 2024-01-31 04256143 core:ShareCapital 2023-01-31 04256143 core:RevaluationReserve 2024-01-31 04256143 core:RevaluationReserve 2023-01-31 04256143 core:RetainedEarningsAccumulatedLosses 2024-01-31 04256143 core:RetainedEarningsAccumulatedLosses 2023-01-31 04256143 dpl:Item1 2023-02-01 04256143 dpl:Item1 2024-01-31 04256143 dpl:Item1 2022-02-01 04256143 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04256143


 

 

 


Unaudited Financial Statements

for the year ended 31 January 2024

for

OLDMAN PROPERTIES LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 7,207,355    7,055,630 
7,207,355    7,055,630 
Current assets      
Debtors 4 471,197    398,032 
Cash at bank and in hand 239,114    897,790 
710,311    1,295,822 
Creditors: amount falling due within one year 5 (2,957,580)   (3,460,867)
Net current assets (2,247,269)   (2,165,045)
 
Total assets less current liabilities 4,960,086    4,890,585 
Accruals and deferred income (35,359)  
Provisions for liabilities 6 (145,381)   (145,381)
Net assets 4,779,346    4,745,204 
 

Capital and reserves
     
Called up share capital 7 100    100 
Reserves 8 1,891,379    1,891,379 
Profit and loss account 2,887,867    2,853,725 
Shareholders' funds 4,779,346    4,745,204 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 October 2024 and were signed on its behalf by:


-------------------------------
Philip Oldman
Director
1
General Information
Oldman Properties Limited is a private company, limited by shares, registered in , registration number 04256143, registration address 13 The Close, Norwich, NR1 4DS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 February 2023 20,143    7,054,630    7,074,773 
Additions   151,925    151,925 
Disposals    
At 31 January 2024 20,143    7,206,555    7,226,698 
Depreciation
At 01 February 2023 19,143      19,143 
Charge for year 200      200 
On disposals    
At 31 January 2024 19,343      19,343 
Net book values
Closing balance as at 31 January 2024 800    7,206,555    7,207,355 
Opening balance as at 01 February 2023 1,000    7,054,630    7,055,630 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 28,025    30,590 
Prepayments & Accrued Income 7,937    3,371 
Other Debtors 294,069    212,461 
Directors' Current Accounts 141,166    151,610 
471,197    398,032 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 5,160    2,467 
Bank Loans & Overdrafts (Secured) 2,892,000    2,916,000 
Amounts Owed to Group Undertakings   345,397 
Corporation Tax 8,175    34,478 
PAYE & Social Security 1,830    1,999 
Accrued Expenses 46,174    123,032 
Other Creditors   26,298 
VAT 4,241    11,196 
2,957,580    3,460,867 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 145,381    145,381 
145,381    145,381 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

8.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 1,891,379    1,891,379 
1,891,379    1,891,379 

2