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REGISTERED NUMBER: 08471286 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Oddyns Properties Ltd

Oddyns Properties Ltd (Registered number: 08471286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oddyns Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Stevens





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 08471286 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Oddyns Properties Ltd (Registered number: 08471286)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,396,649 300,000

CURRENT ASSETS
Cash at bank 26,960 124,061

CREDITORS
Amounts falling due within one year 5 134,121 164,111
NET CURRENT LIABILITIES (107,161 ) (40,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,289,488

259,950

CREDITORS
Amounts falling due after more than one year 6 (965,000 ) -

PROVISIONS FOR LIABILITIES 7 (16,248 ) (16,248 )
NET ASSETS 308,240 243,702

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non-distributable reserves 9 69,268 69,268
Retained earnings 9 238,872 174,334
SHAREHOLDERS' FUNDS 308,240 243,702

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.

Oddyns Properties Ltd (Registered number: 08471286)

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.

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 13 November 2024 and were signed by:





S Stevens - Director


Oddyns Properties Ltd (Registered number: 08471286)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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).

Oddyns Properties Ltd (Registered number: 08471286)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2023 300,000
Additions 1,096,649
At 31 March 2024 1,396,649
NET BOOK VALUE
At 31 March 2024 1,396,649
At 31 March 2023 300,000

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£   
Valuation in 2016 214,484
Valuation in 2017 85,516
Valuation in 2024 1,096,649
1,396,649

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 21,512 7,362
Other creditors 109,709 154,109
Accrued expenses 2,900 2,640
134,121 164,111

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 965,000 -

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 16,248 16,248

Oddyns Properties Ltd (Registered number: 08471286)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 16,248
Deferred tax movement on
investment property
Balance at 31 March 2024 16,248

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 April 2023 174,334 69,268 243,602
Profit for the year 64,538 64,538
At 31 March 2024 238,872 69,268 308,140

10. RELATED PARTY DISCLOSURES

The amount of £109,709.27 (2023:£154,109) in other creditors is a loan amount owed to the company by City Brickwork (UK) Limited, a company under common control with Oddyns Properties Limited.

During the year the company charged City Brickwork (UK) Limited £87,000 (2023:£42,000) in respect of rent.

The amount of £965,000 included in creditors due after one year is a loan to the company from Oddyns Holdings Limited, a company under common control with Oddyns Properties Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Stevens.