| Occasions 2000 Limited |
| Registered number: |
03573180 |
| Balance Sheet |
| as at 31 July 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,800,000 |
|
|
1,800,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
39,481 |
|
|
37,044 |
|
| Creditors: amounts falling due within one year |
4 |
|
(171,684) |
|
|
(166,439) |
|
| Net current liabilities |
|
|
|
(132,203) |
|
|
(129,395) |
|
| Total assets less current liabilities |
|
|
|
1,667,797 |
|
|
1,670,605 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(787,086) |
|
|
(847,458) |
|
| Net assets |
|
|
|
880,711 |
|
|
823,147 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Revaluation reserve |
7 |
|
|
404,792 |
|
|
404,792 |
| Profit and loss account |
|
|
|
475,819 |
|
|
418,255 |
|
| Shareholders' funds |
|
|
|
880,711 |
|
|
823,147 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Mukesh Premchand Shah |
| Director |
| Approved by the board on 21 January 2025 |
|
| Occasions 2000 Limited |
| Notes to the Accounts |
| for the year ended 31 July 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rents receivable on the investment property of the company. |
|
|
Investment properties |
|
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
investment |
|
|
|
|
|
|
|
|
Property |
| £ |
|
Fair value |
|
At 1 August 2023 |
1,800,000 |
|
|
At 31 July 2024 |
1,800,000 |
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Rent deposits |
13,000 |
|
13,000 |
|
Director's account |
128,909 |
|
127,559 |
|
Trade creditors |
- |
|
3,641 |
|
Taxation and social security costs |
15,667 |
|
8,431 |
|
Other creditors |
14,108 |
|
13,808 |
|
|
|
|
|
|
171,684 |
|
166,439 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
37,086 |
|
97,458 |
|
Other loans |
|
|
|
|
750,000 |
|
750,000 |
|
|
|
|
|
|
787,086 |
|
847,458 |
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
750,000 |
|
750,000 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
37,086 |
|
97,458 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by charges against the freehold properties held in the company. |
|
| 7 |
Distributable and non-distributable reserves |
2024 |
|
2023 |
| £ |
£ |
|
|
Distributable reserves |
|
Non-distributable reserves |
404,792 |
|
404,792 |
|
|
|
|
|
|
|
404,792 |
|
404,792 |
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Occasions 2000 Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Laxmi House |
|
2-b Draycott Avenue |
|
Kenton Harrow |
|
Middlesex |
|
HA3 0BU |