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OVERHOUSE LIMITED

Registered Number
10772501
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

OVERHOUSE LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

G P Over

Registered Address

5 St. Hildas Close
Horley
RH6 7BA

Registered Number

10772501 (England and Wales)
OVERHOUSE LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3526-
Investments43737
56337
Current assets
Debtors381,143341,143
Cash at bank and on hand10,19972,408
391,342413,551
Creditors amounts falling due within one year5(421,055)(430,743)
Net current assets (liabilities)(29,713)(17,192)
Total assets less current liabilities(29,150)(17,155)
Creditors amounts falling due after one year6(20,000)(30,000)
Accruals and deferred income(936)(876)
Net assets(50,086)(48,031)
Capital and reserves
Called up share capital100100
Profit and loss account(50,186)(48,131)
Shareholders' funds(50,086)(48,031)
The financial statements were approved and authorised for issue by the Director on 12 December 2024, and are signed on its behalf by:
G P Over
Director
Registered Company No. 10772501
OVERHOUSE LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Going concern
The company's ability to trade is dependent upon the support of its director. Should this support cease to be forthcoming, fixed assets would be reclassified as current assets and restated at recoverable amounts, current assets would be restated at recoverable amounts and creditors falling due in more than one year would be reclassified as current. As the director has no intention of withdrawing this support, the financial statements have been prepared on a going concern basis.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions557557
At 31 May 24557557
Depreciation and impairment
Charge for year3131
At 31 May 243131
Net book value
At 31 May 24526526
At 31 May 23--
4.Fixed asset investments
The company's investments at the Balance Sheet date in the share capital of companies include the following: Associated company 35 Boundary Road Limited Registered office: 44 Upper Lewis Road, Brighton, BN2 3FH Nature of business: Letting and operating of real estate Class of shares: Ordinary Holding: 37%

Investments in groups1

Total

££
Cost or valuation
At 01 June 233737
At 31 May 243737
Net book value
At 31 May 243737
At 31 May 233737

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Other creditors421,055430,743
Total421,055430,743
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,00030,000
Total20,00030,000