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REGISTERED NUMBER: 12885302 (England and Wales)














F.A. OST PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






F.A. OST PROPERTY LIMITED (REGISTERED NUMBER: 12885302)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F.A. OST PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: D Rajani





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 12885302 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

F.A. OST PROPERTY LIMITED (REGISTERED NUMBER: 12885302)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 335,000 335,000

CURRENT ASSETS
Cash at bank and in hand 10,088 15,364

CREDITORS
Amounts falling due within one year 6 287,258 302,489
NET CURRENT LIABILITIES (277,170 ) (287,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,830

47,875

PROVISIONS FOR LIABILITIES 3,325 3,325
NET ASSETS 54,505 44,550

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Non distributable reserves 8 9,975 9,975
Retained earnings 8 43,530 33,575
SHAREHOLDERS' FUNDS 54,505 44,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 19 November 2024 and were signed by:



D Rajani - Director


F.A. OST PROPERTY LIMITED (REGISTERED NUMBER: 12885302)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

F.A. Ost Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain assets.

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 and loss. Net surpluses are subsequently transferred to a non distributable reserve until realised.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 335,000
NET BOOK VALUE
At 29 February 2024 335,000
At 28 February 2023 335,000

F.A. OST PROPERTY LIMITED (REGISTERED NUMBER: 12885302)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 13,300
Cost 321,700
335,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 321,700 321,700

Investment property was valued on an open market basis on 28 February 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) (1 )
Taxation and social security 2,335 4,292
Other creditors 284,924 298,198
287,258 302,489

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

8. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 March 2023 33,575 9,975 43,550
Profit for the year 9,955 9,955
At 29 February 2024 43,530 9,975 53,505

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owes £284,071 (2023 £297,381) to companies under the control of the director. These loans are repayable on demand and interest is charged.