1 June 2023 false No description of principal activity Taxfiler 2024.6 14108901business:PrivateLimitedCompanyLtd2023-06-012024-05-31 141089012023-05-31 141089012023-06-012024-05-31 14108901business:AuditExemptWithAccountantsReport2023-06-012024-05-31 14108901business:FilletedAccounts2023-06-012024-05-31 141089012024-05-31 14108901business:Director12023-06-012024-05-31 14108901business:RegisteredOffice2023-06-012024-05-31 141089012023-05-31 14108901core:WithinOneYear2024-05-31 14108901core:WithinOneYear2023-05-31 14108901core:AfterOneYear2024-05-31 14108901core:AfterOneYear2023-05-31 14108901core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14108901core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 14108901core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14108901core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 14108901core:PreviouslyStatedAmount2024-05-31 14108901core:PreviouslyStatedAmount2023-05-31 14108901business:SmallEntities2023-06-012024-05-31 14108901countries:EnglandWales2023-06-012024-05-31 14108901core:LandBuildings2023-05-31 14108901core:LandBuildings2023-06-012024-05-31 14108901core:LandBuildings2024-05-31 141089012022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14108901 (England and Wales)
Owl House Property Ltd Unaudited accounts for the year ended 31 May 2024
Owl House Property Ltd Unaudited accounts Contents
Page
- 2 -
Owl House Property Ltd Company Information for the year ended 31 May 2024
Director
Amy Louise Conlon
Company Number
14108901 (England and Wales)
Registered Office
81 Billingham Road Stockton-on-Tees Cleveland TS20 2SW England
Accountants
LRK Accounting & Bookkeeping Ltd 8 Willington Mews Wallsend Newcastle upon Tyne England NE28 7FA
- 3 -
Owl House Property Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,285 
60,064 
Current assets
Cash at bank and in hand
425 
721 
Creditors: amounts falling due within one year
(16,486)
(63,754)
Net current liabilities
(16,061)
(63,033)
Total assets less current liabilities
51,224 
(2,969)
Creditors: amounts falling due after more than one year
(64,124)
- 
Net liabilities
(12,900)
(2,969)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(12,901)
(2,970)
Shareholders' funds
(12,900)
(2,969)
For the year ending 31 May 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2025 and were signed on its behalf by
Amy Louise Conlon Director Company Registration No. 14108901
- 4 -
Owl House Property Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Owl House Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14108901. The registered office is 81 Billingham Road, Stockton-on-Tees, Cleveland, TS20 2SW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2023
60,064 
Additions
7,221 
At 31 May 2024
67,285 
Depreciation
At 31 May 2024
- 
Net book value
At 31 May 2024
67,285 
At 31 May 2023
60,064 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
54,445 
Loans from directors
15,226 
8,469 
Accruals
1,260 
840 
16,486 
63,754 
- 5 -
Owl House Property Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
64,124 
- 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -