Acorah Software Products - Accounts Production 15.0.600 false true false 10 April 2023 30 April 2024 30 April 2024 14787894 Ms Deborah Davies Mr Miles Davies Mr Leon Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14787894 2023-04-09 14787894 2024-04-30 14787894 2023-04-10 2024-04-30 14787894 frs-core:CurrentFinancialInstruments 2024-04-30 14787894 frs-core:Non-currentFinancialInstruments 2024-04-30 14787894 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 14787894 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-09 14787894 frs-core:RevaluationReserve 2023-04-10 2024-04-30 14787894 frs-core:RevaluationReserve 2024-04-30 14787894 frs-core:ShareCapital 2024-04-30 14787894 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 14787894 frs-bus:PrivateLimitedCompanyLtd 2023-04-10 2024-04-30 14787894 frs-bus:FilletedAccounts 2023-04-10 2024-04-30 14787894 frs-bus:SmallEntities 2023-04-10 2024-04-30 14787894 frs-bus:AuditExempt-NoAccountantsReport 2023-04-10 2024-04-30 14787894 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-10 2024-04-30 14787894 frs-bus:Director1 2023-04-10 2024-04-30 14787894 frs-bus:Director2 2023-04-10 2024-04-30 14787894 frs-bus:Director3 2023-04-10 2024-04-30 14787894 frs-core:CurrentFinancialInstruments 1 2024-04-30 14787894 frs-core:Non-currentFinancialInstruments 1 2024-04-30 14787894 frs-countries:EnglandWales 2023-04-10 2024-04-30
Registered number: 14787894
Ominira Property Limited
Unaudited Financial Statements
For the Period 10 April 2023 to 30 April 2024
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14787894
30 April 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 435,400
435,400
CURRENT ASSETS
Debtors 5 13,447
Cash at bank and in hand 941
14,388
Creditors: Amounts Falling Due Within One Year 6 (368,195 )
NET CURRENT ASSETS (LIABILITIES) (353,807 )
TOTAL ASSETS LESS CURRENT LIABILITIES 81,593
Creditors: Amounts Falling Due After More Than One Year 7 (117,993 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,466 )
NET LIABILITIES (39,866 )
CAPITAL AND RESERVES
Called up share capital 8 100
Revaluation reserve 9 14,776
Profit and Loss Account (54,742 )
SHAREHOLDERS' FUNDS (39,866)
Page 1
Page 2
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Deborah Davies
Director
08/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ominira Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14787894 . The registered office is c/o Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised as rental income received.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 10 April 2023 -
Additions 417,158
Revaluation 18,242
As at 30 April 2024 435,400
...CONTINUED
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Net Book Value
As at 30 April 2024 435,400
As at 10 April 2023 -
5. Debtors
30 April 2024
£
Due within one year
Prepayments and accrued income 12,647
Other debtors 800
13,447
6. Creditors: Amounts Falling Due Within One Year
30 April 2024
£
Other creditors 800
Bridging loan 179,936
Directors' loan accounts 187,459
368,195
7. Creditors: Amounts Falling Due After More Than One Year
30 April 2024
£
Mortgages 117,993
8. Share Capital
30 April 2024
£
Allotted, Called up and fully paid 100
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 14,776
As at 30 April 2024 14,776
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