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REGISTERED NUMBER: 09464822 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

OSC PROPERTY LTD

OSC PROPERTY LTD (REGISTERED NUMBER: 09464822)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSC PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M Campion





REGISTERED OFFICE: 1 Acorn Business Park
Heaton Lane
Stockport
Greater Manchester
SK4 1AS





REGISTERED NUMBER: 09464822 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

OSC PROPERTY LTD (REGISTERED NUMBER: 09464822)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,763 305,300

CURRENT ASSETS
Debtors 5 100 376
Cash at bank 2,479 18,834
2,579 19,210
CREDITORS
Amounts falling due within one year 6 263,668 271,929
NET CURRENT LIABILITIES (261,089 ) (252,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,674

52,581

CREDITORS
Amounts falling due after more than one
year

7

105,576

119,394
NET LIABILITIES (68,902 ) (66,813 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (69,002 ) (66,913 )
SHAREHOLDERS' FUNDS (68,902 ) (66,813 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

OSC PROPERTY LTD (REGISTERED NUMBER: 09464822)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





M Campion - Director


OSC PROPERTY LTD (REGISTERED NUMBER: 09464822)

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

1. STATUTORY INFORMATION

Osc 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.

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.

Turnover
Turnover is the amount derived from ordinary activities, and stated after trade discounts and net of VAT, and comprises rental income and service charge income. Rental income arising from operating leases is recognised on a straight-line basis over the lease term on ongoing leases.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

OSC PROPERTY LTD (REGISTERED NUMBER: 09464822)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 337,100 24,545 9,046 3,945 374,636
DEPRECIATION
At 1 June 2023 53,936 3,927 7,528 3,945 69,336
Charge for year 6,742 491 304 - 7,537
At 31 May 2024 60,678 4,418 7,832 3,945 76,873
NET BOOK VALUE
At 31 May 2024 276,422 20,127 1,214 - 297,763
At 31 May 2023 283,164 20,618 1,518 - 305,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 100 100
Prepayments and accrued income - 276
100 376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 14,006 14,193
Trade creditors 435 201
Amounts owed to group undertakings 248,250 256,604
VAT 377 331
Accrued expenses 600 600
263,668 271,929

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years 15,000 15,000
Bank loans - 2-5 years 46,000 46,000
Bank loans more 5 yr by instal 44,576 58,394
105,576 119,394

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 44,576 58,394

OSC PROPERTY LTD (REGISTERED NUMBER: 09464822)

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

8. RELATED PARTY DISCLOSURES

The director and majority shareholder, Mr Mark Campion, is also the director and majority shareholder of BRC Promotions Limited and AMC Interactive Ltd.

Sales in the period includes rent received from AMC Interactive Ltd of £17,976 (2023; £17,976) and BRC Promotions Ltd of £17,976 (2023; £17,976).

Note 6 Creditors: Included within Other creditors is an amount of £248,250 (2023; £320,105) owed to BRC Promotions Ltd.