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Registered Number: 14348578
England and Wales

 

 

 

ONSLOW SQUARE INVESTMENTS UK LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 4,919,302   
4,919,302   
Current assets      
Debtors 1    1 
Investments 180,950   
Cash at bank and in hand 2,496,275   
2,677,226    1 
Creditors: amount falling due within one year (64,364)  
Net current assets 2,612,862    1 
 
Total assets less current liabilities 7,532,164    1 
Creditors: amount falling due after more than one year (7,460,875)  
Accruals and deferred income (116,140)  
Net assets (44,851)   1 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account (44,852)  
Shareholders' funds (44,851)   1 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 February 2025 and were signed by:


-------------------------------
Vishal Chaudhry
Director
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General Information
ONSLOW SQUARE INVESTMENTS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 14348578, registration address 19 ONSLOW SQUARE, LONDON UNITED KINGDOM, SW7 3NJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Freehold Property 
The company's freehold property is stated at Fair value less accumulated impairment loss if any and is not subject to depreciation. Changes in the fair value are recognised in the profit and loss account. 
The freehold property has been pledged as security for the EFG bank loan.    


Tangible fixed assets, other than freehold property, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Computer Equipment   Total
  £   £   £   £
At 01 October 2023      
Additions 4,730,634    213,060    133    4,943,827 
Disposals      
At 30 September 2024 4,730,634    213,060    133    4,943,827 
Depreciation
At 01 October 2023      
Charge for year   24,517    8    24,525 
On disposals      
At 30 September 2024   24,517    8    24,525 
Net book values
Closing balance as at 30 September 2024 4,730,634    188,543    125    4,919,302 
Opening balance as at 01 October 2023      


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 share of £1.00 each  
 

5.

Loans and Borrowings

The company had the following outstanding loans and borrowings as of 30 September 2024:

The AAA Success INC loan is an unsecured loan with an interest rate of 6.5% per annum and a term of 5 years. No repayment has been made in the current year, and the outstanding balance as of 30 September 2024 is £5,110,875 (including accrued interest).

The EFG Bank loan is secured against the freehold property, with an interest rate of 7.7% (COF of 5.18% plus margin of 2.52%) per annum, taken on 25 September 2024 for a term of 5 years. The outstanding balance is £2,350,000 as of the year-end.


Both loans are in compliance with all terms. 




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