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REGISTERED NUMBER: 08779742 (England and Wales)















Financial Statements

for the Year Ended 30 November 2024

for

One Sight Estates Limited

One Sight Estates Limited (Registered number: 08779742)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


One Sight Estates Limited

Company Information
for the year ended 30 November 2024







DIRECTOR: Mr R U Mistry





REGISTERED OFFICE: Maple House
382 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 08779742 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

One Sight Estates Limited (Registered number: 08779742)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £ £
FIXED ASSETS
Investment property 4 1,450,000 1,135,000

CURRENT ASSETS
Cash at bank and in hand 7,078 15,134

CREDITORS
Amounts falling due within one year 5 (53,156 ) (47,519 )
NET CURRENT LIABILITIES (46,078 ) (32,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,403,922

1,102,615

CREDITORS
Amounts falling due after more than one
year

6

(545,908

)

(578,480

)

PROVISIONS FOR LIABILITIES (142,655 ) (63,905 )
NET ASSETS 715,359 460,230

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 508,686 272,436
Retained earnings 206,573 187,694
SHAREHOLDERS' FUNDS 715,359 460,230

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

One Sight Estates Limited (Registered number: 08779742)

Balance Sheet - continued
30 November 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 27 March 2025 and were signed by:





Mr R U Mistry - Director


One Sight Estates Limited (Registered number: 08779742)

Notes to the Financial Statements
for the year ended 30 November 2024


1. STATUTORY INFORMATION

One Sight Estates Limited 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 represents rents received exclusive of value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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).

One Sight Estates Limited (Registered number: 08779742)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 December 2023 1,135,000
Revaluations 315,000
At 30 November 2024 1,450,000
NET BOOK VALUE
At 30 November 2024 1,450,000
At 30 November 2023 1,135,000

The property was revalued in 2024 to £1,450,000 to reflect its market value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Trade creditors 401 -
Taxation and social security 8,976 3,740
Other creditors 43,779 43,779
53,156 47,519

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£ £
Bank loans 545,908 578,480

7. RESERVES
Revaluation
reserve
£
At 1 December 2023 272,436
Fair value reserve 236,250

At 30 November 2024 508,686

8. DEBENTURES

National Westminster Bank PLC has charges dated 18 March 2014 and 21 March 2014 over all the property and or undertaking of the company.