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ON-POINT PROPERTY DEVELOPMENT LTD

Registered Number
11296152
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

ON-POINT PROPERTY DEVELOPMENT LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

Mr Marc Jones
Mr Paul Woodford

Registered Address

Oceana House
1st Floor, 39-49 Commercial Road,
Southampton
SO15 1GA

Registered Number

11296152 (England and Wales)
ON-POINT PROPERTY DEVELOPMENT LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property371,830-
71,830-
Current assets
Stocks4-71,830
Cash at bank and on hand12,37513,350
12,37585,180
Creditors amounts falling due within one year5(91,377)(90,657)
Net current assets (liabilities)(79,002)(5,477)
Total assets less current liabilities(7,172)(5,477)
Net assets(7,172)(5,477)
Capital and reserves
Called up share capital100100
Profit and loss account(7,272)(5,577)
Shareholders' funds(7,172)(5,477)
The financial statements were approved and authorised for issue by the Board of Directors on 30 January 2025, and are signed on its behalf by:
Mr Marc Jones
Director
Registered Company No. 11296152
ON-POINT PROPERTY DEVELOPMENT LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Additions71,830
At 30 April 2471,830
4.Stocks

2024

2023

££
Work in progress-16,830
Finished goods-55,000
Total-71,830
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables89,93789,937
Accrued liabilities and deferred income1,440720
Total91,37790,657