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REGISTERED NUMBER: 09924101 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

OVERBURY ESTATES PORTFOLIO LTD

PREVIOUSLY KNOWN AS
WEALTH MANAGEMENT BY INVITATION LTD

OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OVERBURY ESTATES PORTFOLIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D T D Overbury





REGISTERED OFFICE: Unit 3 Medway Distribution Centre
Courteney Road
Gillingham
Kent
ME8 0RT





REGISTERED NUMBER: 09924101 (England and Wales)





ACCOUNTANTS: React Business Services
Southbridge House
Southbridge Place
Croydon
CR0 4HA

OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,860,000 5,945,000
Investments 5 11,770 11,670
8,871,770 5,956,670

CURRENT ASSETS
Stocks 47,545 109,537
Debtors 6 280,006 293,069
Cash at bank and in hand 34,727 111,247
362,278 513,853
CREDITORS
Amounts falling due within one year 7 2,013,346 759,153
NET CURRENT LIABILITIES (1,651,068 ) (245,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,220,702

5,711,370

CREDITORS
Amounts falling due after more than one
year

8

5,845,136

4,438,011
NET ASSETS 1,375,566 1,273,359

CAPITAL AND RESERVES
Called up share capital 100 100
Non- Distributable Reserves 9 1,203,050 1,007,247
Retained earnings 172,416 266,012
1,375,566 1,273,359

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.

OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)

BALANCE SHEET - continued
30 JUNE 2024


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 24 March 2025 and were signed by:





D T D Overbury - Director


OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)

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

1. STATUTORY INFORMATION

Overbury Estates Portfolio 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.

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 as modified by the revaluation of certain assets.

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
In accordance with the Financial Reporting Standard for Smaller Entities ( FRS 102 s1A), investment properties are revalued annually by the directors. Any aggregate surplus or temporary deficit from the original cost is transferred to the revaluation reserve. Any impairment in the value of an investment property from original cost is taken to the profit and loss account for the year.

On realisation any gain or loss is calculated by reference to the carrying value at the last balance sheet date and is included in the profit and loss account. Any balance in the revaluation reserve is transferred to the profit and loss account reserve.

No depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years unexpired. The Companies Act requires all properties to be depreciated, but that requirement conflicts with the generally accepted accounting principle set out in the FRS 102 s1A. The directors consider that, as the properties are held for long term investment, a true and fair view is given by following the FRS 102 s1A. Depreciation is only one of many factors reflected in the annual valuation of properties and the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2023 5,945,000
Additions 3,019,197
Disposals (300,000 )
Revaluations 195,803
At 30 June 2024 8,860,000
NET BOOK VALUE
At 30 June 2024 8,860,000
At 30 June 2023 5,945,000

Cost or valuation at 30 June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 92,529 - 92,529
Valuation in 2021 374,551 - 374,551
Valuation in 2022 611,613 - 611,613
Valuation in 2023 (71,446 ) - (71,446 )
Valuation in 2024 195,803 - 195,803
Cost 7,656,950 - 7,656,950
8,860,000 - 8,860,000

OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 11,670
Additions 100
At 30 June 2024 11,770
NET BOOK VALUE
At 30 June 2024 11,770
At 30 June 2023 11,670

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 14,970 3,733
Other debtors 265,036 289,336
280,006 293,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 36,365 41,995
Trade creditors 42,156 28,760
Other creditors 1,934,825 688,398
2,013,346 759,153

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Amounts owed to associates 226,991 336,088
Taxation and social security 1,830 127
Other creditors 5,616,315 4,101,796
5,845,136 4,438,011

9. RESERVES
Non-
Distributable
Reserves
£   
At 1 July 2023 1,007,247
Property Revaluation 195,803

At 30 June 2024 1,203,050

OVERBURY ESTATES PORTFOLIO LTD (REGISTERED NUMBER: 09924101)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors falling due within one year is the amount due to the director of nil (2023: £156,332)

11. RELATED PARTY DISCLOSURES

Included in creditors falling due after more than one year is amount owed to Mr. J Overbury of £88,470 and to Mrs. E Overbury of £138,521. This is an interest bearing loan at 10% p.a

Mr and Mrs Overbury are parents of the ultimate controlling party (Mr Daniel Overbury)