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REGISTERED NUMBER: 13307607 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Octopus Real Estate Limited

Octopus Real Estate Limited (Registered number: 13307607)






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


Octopus Real Estate Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs K J Curtis
Mr P S Curtis





REGISTERED OFFICE: Friday House
The Street
Lea
Malmesbury
Wiltshire
SN16 9PG





REGISTERED NUMBER: 13307607 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Octopus Real Estate Limited (Registered number: 13307607)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,754 6,664
Investment property 5 851,000 820,608
855,754 827,272

CURRENT ASSETS
Debtors 6 1,731 1,731
Cash at bank 5,434 8,813
7,165 10,544
CREDITORS
Amounts falling due within one year 7 280,160 270,138
NET CURRENT LIABILITIES (272,995 ) (259,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,759

567,678

CREDITORS
Amounts falling due after more than one
year

8

(501,377

)

(501,377

)

PROVISIONS FOR LIABILITIES 10 (4,160 ) (8,918 )
NET ASSETS 77,222 57,383

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 11 47,362 42,439
Retained earnings 29,858 14,942
77,222 57,383

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.

Octopus Real Estate Limited (Registered number: 13307607)

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 27 January 2025 and were signed on its behalf by:




Mrs K J Curtis - Director



Mr P S Curtis - Director


Octopus Real Estate Limited (Registered number: 13307607)

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

1. STATUTORY INFORMATION

Octopus Real Estate 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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 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 NIL (2023 - NIL).

Octopus Real Estate Limited (Registered number: 13307607)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 12,115
Additions 684
At 30 April 2024 12,799
DEPRECIATION
At 1 May 2023 5,451
Charge for year 2,594
At 30 April 2024 8,045
NET BOOK VALUE
At 30 April 2024 4,754
At 30 April 2023 6,664

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 820,608
Additions 25,468
Revaluations 4,924
At 30 April 2024 851,000
NET BOOK VALUE
At 30 April 2024 851,000
At 30 April 2023 820,608

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 405,123
Valuation in 2023 415,485
Valuation in 2024 30,392
851,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,731 1,731

Octopus Real Estate Limited (Registered number: 13307607)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 2,831 3,181
Directors' current accounts 275,649 264,899
Accrued expenses 1,680 2,058
280,160 270,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans more 5 yr by instal 501,377 501,377

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 501,377 501,377

9. SECURED DEBTS

Within creditors there are £501,377of bank loans secured against the related assets.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 4,160 8,918

Deferred
tax
£   
Balance at 1 May 2023 8,918
Provided during year (4,758 )
Balance at 30 April 2024 4,160

11. RESERVES
Revaluation
reserve
£   
At 1 May 2023 42,439
Property revaluation reserve 4,923

At 30 April 2024 47,362