Registered number
13321391
O&J Lettings Ltd
Filleted Accounts
30 April 2024
O&J Lettings Ltd
Registered number: 13321391
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 994,755 707,944
Current assets
Debtors 4 350 350
Cash at bank and in hand 10,489 23,745
10,839 24,095
Creditors: amounts falling due within one year 5 (4,034) (4,164)
Net current assets 6,805 19,931
Total assets less current liabilities 1,001,560 727,875
Creditors: amounts falling due after more than one year 6 (970,372) (710,378)
Net assets 31,188 17,497
Capital and reserves
Profit and loss account 31,188 17,497
Shareholders' funds 31,188 17,497
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
O Gouldbourne
Director
Approved by the board on 14 August 2024
O&J Lettings Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 707,944
Additions 286,811
At 30 April 2024 994,755
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 994,755
At 30 April 2023 707,944
4 Debtors 2024 2023
£ £
Other debtors 350 350
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,218 3,384
Other creditors 816 780
4,034 4,164
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 970,372 710,378
7 Other information
O&J Lettings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
76 Park Street
Horsham
RH12 1BX
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