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REGISTERED NUMBER: 11473362 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

OUTSTANDING PROPERTY LTD

OUTSTANDING PROPERTY LTD (REGISTERED NUMBER: 11473362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OUTSTANDING PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr M Cameron



REGISTERED OFFICE: 4 Clarence Street
Ulverston
Cumbria
LA12 7JJ



REGISTERED NUMBER: 11473362 (England and Wales)



BANKERS: Barclays Bank plc
Leicester
LE87 2BB

OUTSTANDING PROPERTY LTD (REGISTERED NUMBER: 11473362)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 380,000 235,314

CURRENT ASSETS
Cash at bank 58,806 24,250

CREDITORS
Amounts falling due within one year 30,105 22,419
NET CURRENT ASSETS 28,701 1,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,701

237,145

CREDITORS
Amounts falling due after more than one year 320,000 320,000
NET ASSETS/(LIABILITIES) 88,701 (82,855 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 144,686 -
Retained earnings (56,085 ) (82,955 )
SHAREHOLDERS' FUNDS 88,701 (82,855 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OUTSTANDING PROPERTY LTD (REGISTERED NUMBER: 11473362)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr M Cameron - Director


OUTSTANDING PROPERTY LTD (REGISTERED NUMBER: 11473362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Outstanding Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
The turnover and profit before taxation are attributable to the one principal activity of the company.

Investment property
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2023 235,314
Revaluations 144,686
At 31 July 2024 380,000
NET BOOK VALUE
At 31 July 2024 380,000
At 31 July 2023 235,314

Cost or valuation at 31 July 2024 is represented by:
£   
Valuation in 2024 144,686
Cost 235,314
380,000

OUTSTANDING PROPERTY LTD (REGISTERED NUMBER: 11473362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INVESTMENT PROPERTY - continued

If investment had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 235,314 235,314

investment properties were valued on an open market basis on 31 July 2024 by Mr M Cameron .

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

At 31st July 2023 Mr M Cameron, a director of the company, had on an unsecured advanced £337,263 (2022: £330,586) to the company, of this amount £320,000 is of a longer term nature and will not be withdrawn within 12 months of the balance sheet date.

The company was charged to 31st July 2023 £6,000 (2022:£6,000) interest on the advance.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Cameron.