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Company Registration No. 11851113 (England and Wales)
Ottey Properties Ltd Unaudited accounts for the year ended 29 February 2024
Ottey Properties Ltd Unaudited accounts Contents
Page
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Ottey Properties Ltd Company Information for the year ended 29 February 2024
Director
Samuel Ottey
Company Number
11851113 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Confidential Accounting Management Limited 88 Corbets Tey Road Upminster Essex RM14 2BA
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Ottey Properties Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
85,451 
85,451 
Current assets
Cash at bank and in hand
789 
425 
Creditors: amounts falling due within one year
(7,457)
(6,675)
Net current liabilities
(6,668)
(6,250)
Total assets less current liabilities
78,783 
79,201 
Creditors: amounts falling due after more than one year
(39,254)
(39,254)
Net assets
39,529 
39,947 
Capital and reserves
Revaluation reserve
33,000 
33,000 
Profit and loss account
6,529 
6,947 
Shareholders' funds
39,529 
39,947 
For the year ending 29 February 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 his 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 7 February 2025 and were signed on its behalf by
Samuel Ottey Director Company Registration No. 11851113
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Ottey Properties Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Ottey Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11851113. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. The company does not depreciate assets that retain their value over the period of ownership.
Land & buildings
Not depreciated as all the land and buildings retain their value over the period of ownership
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
85,451 
At 29 February 2024
85,451 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
85,451 
At 28 February 2023
85,451 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
400 
400 
Taxes and social security
2,163 
2,163 
Loans from directors
4,894 
4,112 
7,457 
6,675 
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Ottey Properties Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
39,254 
39,254 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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