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Registered number: 12624167
Onicon Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12624167
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,000 140,000
140,000 140,000
CURRENT ASSETS
Stocks 5 45,639 20,153
Debtors 6 1 1
Cash at bank and in hand 9 1,936
45,649 22,090
Creditors: Amounts Falling Due Within One Year 7 (576 ) (576 )
NET CURRENT ASSETS (LIABILITIES) 45,073 21,514
TOTAL ASSETS LESS CURRENT LIABILITIES 185,073 161,514
Creditors: Amounts Falling Due After More Than One Year 8 (196,903 ) (162,918 )
NET LIABILITIES (11,830 ) (1,404 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (11,831 ) (1,405 )
SHAREHOLDERS' FUNDS (11,830) (1,404)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Onions
Director
20th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Onicon Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12624167 . The registered office is 3 Kirkland Close, Ashby-De-La-Zouch, Leicestershire, LE65 2FT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold On Revaluation
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 140,000
As at 31 May 2024 140,000
Net Book Value
As at 31 May 2024 140,000
As at 1 June 2023 140,000
5. Stocks
2024 2023
£ £
Work in progress 45,639 20,153
6. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 1 1
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 576 576
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 107,100 107,100
Directors loan account 89,803 55,818
196,903 162,918
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
Page 4