Ottoman Estates Limited |
Registered number: |
03199550 |
Balance Sheet |
as at 31 May 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
730,112 |
|
|
730,671 |
|
Current assets |
Debtors |
4 |
|
11,753 |
|
|
12,522 |
Cash at bank and in hand |
|
|
39,622 |
|
|
3,767 |
|
|
|
51,375 |
|
|
16,289 |
|
Creditors: amounts falling due within one year |
5 |
|
(203,730) |
|
|
(163,714) |
|
Net current liabilities |
|
|
|
(152,355) |
|
|
(147,425) |
|
Total assets less current liabilities |
|
|
|
577,757 |
|
|
583,246 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(14,167) |
|
|
(24,167) |
|
Provisions for liabilities |
|
|
|
(76,885) |
|
|
(76,885) |
|
|
Net assets |
|
|
|
486,705 |
|
|
482,194 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
49,250 |
|
|
49,250 |
Capital Redemption Reserve Brought forward |
|
|
|
19,390 |
|
|
19,390 |
Profit and loss account |
|
|
|
418,065 |
|
|
413,554 |
|
Shareholders' funds |
|
|
|
486,705 |
|
|
482,194 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
N Ahmet |
Director |
Approved by the board on 26 February 2025 |
|
Ottoman Estates Limited |
Notes to the Accounts |
for the year ended 31 May 2024 |
|
|
1 |
Accounting policies |
|
|
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). |
|
|
Turnover |
|
Turnover represents the rentals chargeable to tenants. |
|
|
|
Tangible fixed assets |
|
Depreciation is provided at the following rates in order to write off the assets over their expected useful lives, as follows: |
|
|
Plant and machinery |
over 5 years |
|
|
Investment Properties |
|
The Investment Properties are shown at their fair value as estimated by the Directors. Any movements in fair value are recognized in arriving at the profit before tax. Deferred tax is provided for against these movements. |
|
|
|
Deferred Taxation |
|
Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reveresed by the Balance Sheet date. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse. |
|
|
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 June 2023 |
730,000 |
|
6,096 |
|
736,096 |
|
At 31 May 2024 |
730,000 |
|
6,096 |
|
736,096 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2023 |
- |
|
5,425 |
|
5,425 |
|
Charge for the year |
- |
|
559 |
|
559 |
|
At 31 May 2024 |
- |
|
5,984 |
|
5,984 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2024 |
730,000 |
|
112 |
|
730,112 |
|
At 31 May 2023 |
730,000 |
|
671 |
|
730,671 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
8,532 |
|
8,932 |
|
Other debtors |
3,221 |
|
3,590 |
|
|
|
|
|
|
11,753 |
|
12,522 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
10,000 |
|
Trade creditors |
23,602 |
|
21,397 |
|
Taxation and social security costs |
14,752 |
|
14,670 |
|
Other creditors |
155,376 |
|
117,647 |
|
|
|
|
|
|
203,730 |
|
163,714 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
14,167 |
|
24,167 |
|
|
|
|
|
|
|
|
|
|
7 |
Controlling party |
|
|
No one individual is the company's controlling party. |
|
|
8 |
Other information |
|
|
Ottoman Estates Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Tolherst Court, Turkey Mill Business Park |
|
Ashford Road |
|
Maidstone |
|
Kent |
|
ME14 5SF |