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REGISTERED NUMBER: 08144548 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

OGI PROPERTIES LTD

OGI PROPERTIES LTD (REGISTERED NUMBER: 08144548)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OGI PROPERTIES LTD

Company Information
for the year ended 31 July 2024







DIRECTORS: Mrs R Ogilvie
Dr M P Ogilvie





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 08144548 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

OGI PROPERTIES LTD (REGISTERED NUMBER: 08144548)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 - 1,290,000
Investment property 5 1,290,000 -
1,290,000 1,290,000

CURRENT ASSETS
Cash at bank 11,359 102

CREDITORS
Amounts falling due within one year 6 (120,252 ) (939,353 )
NET CURRENT LIABILITIES (108,893 ) (939,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,181,107

350,749

CREDITORS
Amounts falling due after more than one
year

7

(836,709

)

-

PROVISIONS FOR LIABILITIES 9 (100,535 ) (101,759 )
NET ASSETS 243,863 248,990

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 301,604 305,275
Retained earnings (58,741 ) (57,285 )
243,863 248,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

OGI PROPERTIES LTD (REGISTERED NUMBER: 08144548)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mrs R Ogilvie - Director


OGI PROPERTIES LTD (REGISTERED NUMBER: 08144548)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

OGI Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Turnover represents the fair value of consideration received or receivable net of VAT and rental income is recognised on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OGI PROPERTIES LTD (REGISTERED NUMBER: 08144548)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST
At 1 August 2023 1,290,000
Reclassification/transfer (1,290,000 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 1,290,000

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Additions 4,895
Revaluations (4,895 )
Reclassification/transfer 1,290,000
At 31 July 2024 1,290,000
NET BOOK VALUE
At 31 July 2024 1,290,000

Fair value at 31 July 2024 is represented by:
£
Valuation in 2023 407,034
Valuation in 2024 (4,895 )
Cost 887,861
1,290,000

Investment property was valued on an open market basis on 31 July 2024 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 120,252 939,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 836,709 -

OGI PROPERTIES LTD (REGISTERED NUMBER: 08144548)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Other loans 836,709 770,000

Charges constraining negative pledges are held on the loans of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 100,535 101,759

Deferred tax
£
Balance at 1 August 2023 101,759
Revaluation adjustment (1,224 )
Balance at 31 July 2024 100,535

10. RELATED PARTY TRANSACTIONS

In the year to 31st July 2024 the company advanced the directors £5,453 and the directors loaned the company £7,100. The loan is interest free and repayable on demand. At the year end the company owed the directors £106,281 (2023: £104,634)