Company Registration No. 14070458 (England and Wales)
OOTS INVESTMENT LIMITED
Unaudited accounts
for the year ended 30 April 2024
OOTS INVESTMENT LIMITED
Unaudited accounts
Contents
OOTS INVESTMENT LIMITED
Company Information
for the year ended 30 April 2024
Director
Olanrewaju Olukayode Tajudeen SALAMI
Company Number
14070458 (England and Wales)
Registered Office
2 Springfield Mews Mill Road
Averley
Grays
RM15 4SR
ENGLAND
Accountants
I&I Accountants Limited
34-35 Hatton Garden
London
London
EC1N 8DX
OOTS INVESTMENT LIMITED
Statement of financial position
as at 30 April 2024
Investment property
476,158
-
Cash at bank and in hand
281
2,000
Creditors: amounts falling due within one year
-
(6,162)
Net current assets/(liabilities)
281
(4,162)
Total assets less current liabilities
476,439
(4,162)
Creditors: amounts falling due after more than one year
(486,221)
-
Net liabilities
(9,782)
(4,162)
Called up share capital
100
100
Profit and loss account
(9,882)
(4,262)
Shareholders' funds
(9,782)
(4,162)
For the year ending 30 April 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 20 February 2025 and were signed on its behalf by
Olanrewaju Olukayode Tajudeen SALAMI
Director
Company Registration No. 14070458
OOTS INVESTMENT LIMITED
Notes to the Accounts
for the year ended 30 April 2024
OOTS INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14070458. The registered office is 2 Springfield Mews Mill Road, Averley, Grays, RM15 4SR, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Since the property is held to earn rental income (and possibly for capital appreciation), it meets the definition of an investment property.
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
-
6,162
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
148,721
-
The investment property was financed through long term borrowing from bank (£337,500) and the director (Also sole shareholder).
OOTS INVESTMENT LIMITED
Notes to the Accounts
for the year ended 30 April 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).