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Company Registration No. 14096151 (England and Wales)
Obsido Property Ltd Unaudited accounts for the year ended 31 May 2024
Obsido Property Ltd Unaudited accounts Contents
Page
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Obsido Property Ltd Company Information for the year ended 31 May 2024
Director
Jonathan Stephen BUTLER
Company Number
14096151 (England and Wales)
Registered Office
22 Chalklands Bourne End Buckinghamshire SL8 5TJ England
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Obsido Property Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
221,135 
228,000 
Current assets
Debtors
1,304 
- 
Cash at bank and in hand
4,360 
5,075 
5,664 
5,075 
Creditors: amounts falling due within one year
(69,788)
- 
Net current (liabilities)/assets
(64,124)
5,075 
Total assets less current liabilities
157,012 
233,076 
Creditors: amounts falling due after more than one year
(160,574)
(240,500)
Net liabilities
(3,562)
(7,424)
Capital and reserves
Share premium
1 
1 
Profit and loss account
(3,563)
(7,425)
Shareholders' funds
(3,562)
(7,424)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2025 and were signed on its behalf by
Jonathan Stephen BUTLER Director Company Registration No. 14096151
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Obsido Property Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Obsido Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14096151. The registered office is 22 Chalklands, Bourne End, Buckinghamshire, SL8 5TJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Investment property is revalued on an annual basis
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2023
228,000 
At 31 May 2024
228,000 
Depreciation
Surplus on revaluation
6,865 
At 31 May 2024
6,865 
Net book value
At 31 May 2024
221,135 
At 31 May 2023
228,000 
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Obsido Property Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,304 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
288 
- 
Loans from directors
69,500 
- 
69,788 
- 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
160,574 
240,500 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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