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REGISTERED NUMBER: 06594091 (England and Wales)
















O.T.M. Estates Limited

Unaudited Financial Statements

for the Year Ended 30th June 2024






O.T.M. Estates Limited (Registered number: 06594091)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


O.T.M. Estates Limited

Company Information
for the Year Ended 30th June 2024







Director: Mr P H Try





Registered office: 5 Furnival Close
Virginia Water
Surrey
GU25 4HR





Registered number: 06594091 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

O.T.M. Estates Limited (Registered number: 06594091)

Statement of Financial Position
30th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,406 21,654
Investment property 5 900,000 900,000
918,406 921,654

Current assets
Debtors 6 33,591 41,742
Cash at bank 93,038 72,875
126,629 114,617
Creditors
Amounts falling due within one year 7 23,626 21,572
Net current assets 103,003 93,045
Total assets less current liabilities 1,021,409 1,014,699

Provisions for liabilities 143,245 144,057
Net assets 878,164 870,642

Capital and reserves
Called up share capital 685,000 685,000
Revaluation reserve 8 45,000 45,000
Retained earnings 148,164 140,642
878,164 870,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

O.T.M. Estates Limited (Registered number: 06594091)

Statement of Financial Position - continued
30th June 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 19th November 2024 and were signed by:





Mr P H Try - Director


O.T.M. Estates Limited (Registered number: 06594091)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. Statutory information

O.T.M. Estates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

O.T.M. Estates Limited (Registered number: 06594091)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st July 2023
and 30th June 2024 46,623
Depreciation
At 1st July 2023 24,969
Charge for year 3,248
At 30th June 2024 28,217
Net book value
At 30th June 2024 18,406
At 30th June 2023 21,654

5. Investment property
Total
£   
Fair value
At 1st July 2023
and 30th June 2024 900,000
Net book value
At 30th June 2024 900,000
At 30th June 2023 900,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 22,191 17,942
Amounts owed by group undertakings 11,400 23,800
33,591 41,742

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 2,942
Taxation and social security 6,250 4,629
Other creditors 17,376 14,001
23,626 21,572

O.T.M. Estates Limited (Registered number: 06594091)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. Reserves
Revaluation
reserve
£   
At 1st July 2023
and 30th June 2024 45,000