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REGISTERED NUMBER: 13743731 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Open Trading Two Limited

Open Trading Two Limited (Registered number: 13743731)






Contents of the Financial Statements
for the Year Ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Open Trading Two Limited

Company Information
for the Year Ended 30 APRIL 2024







DIRECTORS: J Harris-Cohen
S Cove
Mrs N Cove





REGISTERED OFFICE: Suite1, Europa House
13 Marsham Way
Gerrards Cross
Buckinghamshire
SL9 8BQ





REGISTERED NUMBER: 13743731 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Open Trading Two Limited (Registered number: 13743731)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 463,272 264,860

CURRENT ASSETS
Stocks 5 - 239,081

CREDITORS
Amounts falling due within one year 6 159,419 259,206
NET CURRENT LIABILITIES (159,419 ) (20,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,853

244,735

CREDITORS
Amounts falling due after more than one year 7 (296,374 ) (243,902 )

PROVISIONS FOR LIABILITIES (3,750 ) -
NET ASSETS 3,729 833

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Investment property Revaluation Reserve 11 15,000 -
Retained earnings 11 (12,271 ) (167 )
SHAREHOLDERS' FUNDS 3,729 833

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Open Trading Two Limited (Registered number: 13743731)

Balance Sheet - continued
30 APRIL 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





J Harris-Cohen - Director


Open Trading Two Limited (Registered number: 13743731)

Notes to the Financial Statements
for the Year Ended 30 APRIL 2024

1. STATUTORY INFORMATION

Open Trading Two 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the sale of properties.

Tangible fixed assets
All properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve.The directors consider that this policy results in the accounts giving a true and fair view.

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

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 3 (2023 - 3 ) .

Open Trading Two Limited (Registered number: 13743731)

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

4. TANGIBLE FIXED ASSETS
Freehold Long
property leasehold Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 119,194 145,666 264,860
Additions 91,168 92,244 183,412
Revaluations - 15,000 15,000
At 30 April 2024 210,362 252,910 463,272
NET BOOK VALUE
At 30 April 2024 210,362 252,910 463,272
At 30 April 2023 119,194 145,666 264,860

Cost or valuation at 30 April 2024 is represented by:

Freehold Long
property leasehold Totals
£    £    £   
Valuation in 2024 - 15,000 15,000
Cost 210,362 237,910 448,272
210,362 252,910 463,272

If freehold properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 448,272 359,998

Freehold properties were valued on an open market basis on 30 April 2024 by the directors .

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks - 239,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 8) 19,440 116,708
Other creditors 137,579 140,098
Accrued expenses 2,400 2,400
159,419 259,206

Open Trading Two Limited (Registered number: 13743731)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 8) 296,374 243,902

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 218,614 172,382

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 19,440 116,708

Amounts falling due between one and two years:
Bank loans - 1-2 years 19,440 17,880

Amounts falling due between two and five years:
Bank loans - 2-5 years 58,320 53,640

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 218,614 172,382

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank Loans 315,814 360,610

The loans are secured by a charge over the stock of properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

Open Trading Two Limited (Registered number: 13743731)

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

11. RESERVES
Investment
property
Retained Revaluation
earnings Reserve Totals
£    £    £   

At 1 May 2023 (167 ) - (167 )
Deficit for the year (12,104 ) (12,104 )
Revaluation reserve
during the year - 15,000 15,000
At 30 April 2024 (12,271 ) 15,000 2,729

12. RELATED PARTY DISCLOSURES

Other creditors consists of an amount of £104,905 due to Open Property Finance Limited and an amount of £32,674 due to Open Trading Limited. Both are companies of which Mr Harris-Cohen, Mr Cove and Mrs Cove are directors and shareholders.

During the year the company purchased properties at market value of £165,000 from Open Trading Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr Harris-Cohen, Mr S Cove and Mrs N Cove by way of their shareholdings.