OK Properties (London) Ltd 11661857 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a property management. Digita Accounts Production Advanced 6.30.9574.0 true Olaf Michael Austen 11661857 2024-01-01 2024-12-31 11661857 2024-12-31 11661857 core:RetainedEarningsAccumulatedLosses 2024-12-31 11661857 core:ShareCapital 2024-12-31 11661857 core:CurrentFinancialInstruments 2024-12-31 11661857 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11661857 bus:FRS102 2024-01-01 2024-12-31 11661857 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11661857 bus:FullAccounts 2024-01-01 2024-12-31 11661857 bus:RegisteredOffice 2024-01-01 2024-12-31 11661857 bus:Director1 2024-01-01 2024-12-31 11661857 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 11661857 bus:Consolidated 2024-01-01 2024-12-31 11661857 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11661857 countries:EnglandWales 2024-01-01 2024-12-31 11661857 2023-12-31 11661857 core:RetainedEarningsAccumulatedLosses 2023-12-31 11661857 core:ShareCapital 2023-12-31 11661857 core:CurrentFinancialInstruments 2023-12-31 11661857 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP

Registration number: 11661857

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OK Properties (London) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

OK Properties (London) Ltd

(Registration number: 11661857)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

-

2

Creditors: Amounts falling due within one year

4

(2,752)

(2,430)

Net liabilities

 

(2,752)

(2,428)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(2,754)

(2,430)

Shareholders' deficit

 

(2,752)

(2,428)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 9 April 2025
 

.........................................
Olaf Michael Austen
Director

 

OK Properties (London) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Stratford House Avenue Bickley Kent
Stratford House Avenue
Bromley
BR1 2WE
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

OK Properties (London) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Debtors

Current

2024
£

2023
£

Other debtors

-

2

 

-

2

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5

2,518

2,220

Accruals

 

234

210

 

2,752

2,430

 

OK Properties (London) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Directors current account

2,518

2,220