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REGISTERED NUMBER: 12766321 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OSIDGE PROPERTIES LIMITED

OSIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 12766321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


OSIDGE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Tasos Georges Frangoullides
Celia Mary Brenda Frangoullides





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 12766321 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

OSIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 12766321)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 648,049 648,049

CURRENT ASSETS
Debtors 2,248 -
Cash at bank 19,323 10,357
21,571 10,357
CREDITORS
Amounts falling due within one year 18,230 1,200
NET CURRENT ASSETS 3,341 9,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,390

657,206

CREDITORS
Amounts falling due after more than one year 5 654,098 653,834
NET (LIABILITIES)/ASSETS (2,708 ) 3,372

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (3,708 ) 2,372
SHAREHOLDERS' FUNDS (2,708 ) 3,372

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 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.

OSIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 12766321)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2024 and were signed on its behalf by:





Tasos Georges Frangoullides - Director


OSIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 12766321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Osidge Properties 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
The financial statements are presented in Sterling (£) which is the functional currency of the company.

Going concern
The accounts have been prepared on a going concern basis.

Turnover
Turnover relates to rent receivable

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 NIL (2023 - NIL).

OSIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 12766321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 648,049
NET BOOK VALUE
At 31 March 2024 648,049
At 31 March 2023 648,049

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 years 358,853 358,853

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 years 358,853 358,853

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 358,853 358,853

The Paragon Bank loan has been secured by way of a legal charge over the investment property at 106 Osidge Lane, London, N15 5DN.

8. CALLED UP SHARE CAPITAL

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

OSIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 12766321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mr and Mrs Frangoullides, by the virtue of the fact that they own jointly 100% of the issued share capital.