IRIS Accounts Production v24.2.0.383 07879142 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078791422023-03-31078791422024-03-31078791422023-04-012024-03-31078791422022-03-31078791422022-04-012023-03-31078791422023-03-3107879142ns15:EnglandWales2023-04-012024-03-3107879142ns14:PoundSterling2023-04-012024-03-3107879142ns10:Director12023-04-012024-03-3107879142ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107879142ns10:SmallEntities2023-04-012024-03-3107879142ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107879142ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107879142ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107879142ns10:AbridgedAccounts2023-04-012024-03-310787914212023-04-012024-03-3107879142ns10:RegisteredOffice2023-04-012024-03-3107879142ns5:CurrentFinancialInstruments2024-03-3107879142ns5:CurrentFinancialInstruments2023-03-3107879142ns5:Non-currentFinancialInstruments2024-03-3107879142ns5:Non-currentFinancialInstruments2023-03-3107879142ns5:ShareCapital2024-03-3107879142ns5:ShareCapital2023-03-3107879142ns5:RetainedEarningsAccumulatedLosses2024-03-3107879142ns5:RetainedEarningsAccumulatedLosses2023-03-3107879142ns5:NetGoodwill2023-04-012024-03-3107879142ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107879142ns5:PlantMachinery2023-04-012024-03-3107879142ns5:MotorVehicles2023-04-012024-03-3107879142ns5:ComputerEquipment2023-04-012024-03-31078791421ns10:Director12023-03-31078791421ns10:Director12022-03-31078791421ns10:Director12023-04-012024-03-31078791421ns10:Director12022-04-012023-03-31078791421ns10:Director12024-03-31078791421ns10:Director12023-03-31
REGISTERED NUMBER: 07879142 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

One Stop Property Development Limited

One Stop Property Development Limited (Registered number: 07879142)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


One Stop Property Development Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Thomas





REGISTERED OFFICE: Williamston House
7 Goat Street
HAVERFORDWEST
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 07879142 (England and Wales)

One Stop Property Development Limited (Registered number: 07879142)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 471,078 547,276
Investments 6 1 1
471,079 547,277

CURRENT ASSETS
Stocks 43,439 109,807
Debtors 177,719 396,646
Cash at bank 136,108 6,055
357,266 512,508
CREDITORS
Amounts falling due within one year 253,387 416,939
NET CURRENT ASSETS 103,879 95,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

574,958

642,846

CREDITORS
Amounts falling due after more than one
year

(184,505

)

(242,638

)

PROVISIONS FOR LIABILITIES (89,505 ) (103,982 )
NET ASSETS 300,948 296,226

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 300,848 296,225
SHAREHOLDERS' FUNDS 300,948 296,226

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

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

The director acknowledges his 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.

One Stop Property Development Limited (Registered number: 07879142)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 7 November 2024 and were signed by:





N Thomas - Director


One Stop Property Development Limited (Registered number: 07879142)

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

1. STATUTORY INFORMATION

One Stop Property Development Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

One Stop Property Development Limited (Registered number: 07879142)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 9,868
AMORTISATION
At 1 April 2023
and 31 March 2024 9,868
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 978,078
Additions 30,183
Disposals (42,500 )
At 31 March 2024 965,761
DEPRECIATION
At 1 April 2023 430,802
Charge for year 88,451
Eliminated on disposal (24,570 )
At 31 March 2024 494,683
NET BOOK VALUE
At 31 March 2024 471,078
At 31 March 2023 547,276

One Stop Property Development Limited (Registered number: 07879142)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 589,495
Additions 23,000
Disposals (42,500 )
At 31 March 2024 569,995
DEPRECIATION
At 1 April 2023 225,289
Charge for year 58,816
Eliminated on disposal (24,570 )
At 31 March 2024 259,535
NET BOOK VALUE
At 31 March 2024 310,460
At 31 March 2023 364,206

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
N Thomas
Balance outstanding at start of year - -
Amounts advanced 147,624 -
Amounts repaid (108,526 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,098 -

Interest has been paid on the overdrawn directors loan account at HM Revenue & Customs agreed rate.

One Stop Property Development Limited (Registered number: 07879142)

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

8. CONTROL

The company is controlled by Mr N Thomas by virtue of his 100% shareholding.