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REGISTERED NUMBER: 10821614 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

OBAN DEVELOPMENTS LTD

OBAN DEVELOPMENTS LTD (REGISTERED NUMBER: 10821614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OBAN DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D Nevies





REGISTERED OFFICE: 1 Haslemere Avenue
London
NW4 2PU





REGISTERED NUMBER: 10821614 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

OBAN DEVELOPMENTS LTD (REGISTERED NUMBER: 10821614)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 153 228

CURRENT ASSETS
Debtors 5 2,215 2,515
Investments 6 25,807 25,807
Cash at bank 232,974 267,291
260,996 295,613
CREDITORS
Amounts falling due within one year 7 (56,121 ) (61,660 )
NET CURRENT ASSETS 204,875 233,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,028

234,181

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 204,928 234,081
SHAREHOLDERS' FUNDS 205,028 234,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





D Nevies - Director


OBAN DEVELOPMENTS LTD (REGISTERED NUMBER: 10821614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Oban Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OBAN DEVELOPMENTS LTD (REGISTERED NUMBER: 10821614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 507
DEPRECIATION
At 1 July 2023 279
Charge for year 75
At 30 June 2024 354
NET BOOK VALUE
At 30 June 2024 153
At 30 June 2023 228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 2,215 2,215
VAT - 300
2,215 2,515

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Unlisted investments 25,807 25,807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 120 -
Tax 3,722 23,638
Social security and other taxes - 96
VAT 14,966 -
Other creditors 35,699 37,226
Accruals and deferred income 1,014 -
Accrued expenses 600 700
56,121 61,660

OBAN DEVELOPMENTS LTD (REGISTERED NUMBER: 10821614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
40 Ordinary 'A' shares £1 40 40
20 Ordinary 'B' shares £1 20 20
40 Ordinary 'C' shares £1 40 40
100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2023 234,081
Profit for the year 15,847
Dividends (45,000 )
At 30 June 2024 204,928

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Nevies.