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REGISTERED NUMBER: 13693925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

On-X Properties Limited

On-X Properties Limited (Registered number: 13693925)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


On-X Properties Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr D B Findlay
Mrs C A Findlay





SECRETARY: Mrs C Snashall





REGISTERED OFFICE: 34 Robin Hood Lane
Chatham
ME5 9LD





REGISTERED NUMBER: 13693925 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

On-X Properties Limited (Registered number: 13693925)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 755,663 755,663
755,663 755,663

CURRENT ASSETS
Debtors 6 9,499 213
Cash at bank 8,657 13,291
18,156 13,504
CREDITORS
Amounts falling due within one year 7 193,305 207,353
NET CURRENT LIABILITIES (175,149 ) (193,849 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,514

561,814

CREDITORS
Amounts falling due after more than one year 8 (519,012 ) (519,013 )

PROVISIONS FOR LIABILITIES (4,849 ) -
NET ASSETS 56,653 42,801

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 25,523 -
Retained earnings 31,030 42,701
56,653 42,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

On-X Properties Limited (Registered number: 13693925)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





Mr D B Findlay - Director


On-X Properties Limited (Registered number: 13693925)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

On-X Properties 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 10,000
Disposals (10,000 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 755,663
NET BOOK VALUE
At 31 October 2024 755,663
At 31 October 2023 755,663

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 9,499 213

On-X Properties Limited (Registered number: 13693925)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 4,335 2,931
Other creditors 188,970 204,422
193,305 207,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 519,012 519,013

9. RESERVES
Revaluation
reserve
£   
Revaluation Reserve 25,523

At 31 October 2024 25,523