2 2 Obdura Estates Limited 05318483 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 05318483 2024-01-01 2024-12-31 05318483 2024-12-31 05318483 bus:OrdinaryShareClass1 2024-12-31 05318483 core:CurrentFinancialInstruments 2024-12-31 05318483 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05318483 core:FurnitureFittingsToolsEquipment 2024-12-31 05318483 core:DeferredTaxation 2024-12-31 05318483 bus:SmallEntities 2024-01-01 2024-12-31 05318483 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05318483 bus:FilletedAccounts 2024-01-01 2024-12-31 05318483 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05318483 bus:RegisteredOffice 2024-01-01 2024-12-31 05318483 bus:Director1 2024-01-01 2024-12-31 05318483 bus:Director2 2024-01-01 2024-12-31 05318483 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05318483 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05318483 bus:Agent1 2024-01-01 2024-12-31 05318483 core:FurnitureFittings 2024-01-01 2024-12-31 05318483 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05318483 core:OfficeEquipment 2024-01-01 2024-12-31 05318483 core:DeferredTaxation 2024-01-01 2024-12-31 05318483 core:OtherRelatedParties 2024-01-01 2024-12-31 05318483 countries:England 2024-01-01 2024-12-31 05318483 2023-12-31 05318483 core:FurnitureFittingsToolsEquipment 2023-12-31 05318483 core:DeferredTaxation 2023-12-31 05318483 2023-01-01 2023-12-31 05318483 2023-12-31 05318483 bus:OrdinaryShareClass1 2023-12-31 05318483 core:CurrentFinancialInstruments 2023-12-31 05318483 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05318483 core:FurnitureFittingsToolsEquipment 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05318483

Obdura Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Obdura Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Obdura Estates Limited

Company Information

Directors

Andrew Jones

Melanie Jones

Registered office

9 Hare & Billet Road
Blackheath
SE3 0RB

Accountants

Field Sullivan Limited 9 Hare & Billet Road
Blackheath
SE3 0RB

 

Obdura Estates Limited

(Registration number: 05318483)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

3,000

3,394

Investment property

7

450,000

480,000

 

453,000

483,394

Current assets

 

Debtors

93

96

Cash at bank and in hand

 

10,895

14,879

 

10,988

14,975

Creditors: Amounts falling due within one year

8

(1,488)

(1,440)

Net current assets

 

9,500

13,535

Total assets less current liabilities

 

462,500

496,929

Provisions for liabilities

(30,020)

(37,618)

Net assets

 

432,480

459,311

Capital and reserves

 

Called up share capital

11

2

2

Retained earnings

432,478

459,309

Shareholders' funds

 

432,480

459,311

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Obdura Estates Limited

(Registration number: 05318483)
Balance Sheet as at 31 December 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

.........................................
Melanie Jones
Director

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

These financial statements were authorised for issue by the Board on 25 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
the service is delivered. When the service delivered straddles the accounting period end, the income is
apportioned on a pro-rata basis.

Rental income is recognised on an accruals basis when the property is let.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% reducing balance

Office equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,000

1,200

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Taxation

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

30,020

   

2023

Liability
£

37,618

   

The amount of the net reversal of deferred tax assets and deferred tax liabilities expected to occur during the year beginning after the reporting period is £(7,598) (2023 - £225).

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

18,862

18,862

Additions

870

870

Disposals

(1,483)

(1,483)

At 31 December 2024

18,249

18,249

Depreciation

At 1 January 2024

15,468

15,468

Charge for the year

1,000

1,000

Eliminated on disposal

(1,219)

(1,219)

At 31 December 2024

15,249

15,249

Carrying amount

At 31 December 2024

3,000

3,000

At 31 December 2023

3,394

3,394

7

Investment properties

2024
£

At 1 January

480,000

Fair value adjustments

(30,000)

At 31 December

450,000

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,488

1,440

 

Obdura Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Deferred tax and other provisions

Deferred tax
£

Total
£

At 1 January 2024

37,618

37,618

Increase (decrease) in existing provisions

(7,598)

(7,598)

At 31 December 2024

30,020

30,020

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

4,190

25,140

Summary of transactions with other related parties

Melanie and Andrew Jones (Director and shareholder)

During the year Melanie and Andrew Jones received dividends of £Nil (2023: £nil), salaries of £4,190 (2023: £25,140) and received payments from the company totalling £Nil (2023: £Nil). At the balance sheet date the amount due to Melanie Jones was £Nil (2023: £Nil).

11

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2