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Registration number: 10851222

OConnell Real Estate (Annesley) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

OConnell Real Estate (Annesley) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

OConnell Real Estate (Annesley) Limited

Company Information

Director

Mr P J Caldwell

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

OConnell Real Estate (Annesley) Limited

(Registration number: 10851222)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

225,072

225,073

Creditors: Amounts falling due within one year

4

(185,101)

(184,431)

Total assets less current liabilities

 

39,971

40,642

Creditors: Amounts falling due after more than one year

4

(40,629)

(40,629)

Net (liabilities)/assets

 

(658)

13

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(659)

12

Shareholders' (deficit)/funds

 

(658)

13

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

OConnell Real Estate (Annesley) Limited

(Registration number: 10851222)
Balance Sheet as at 31 July 2024

Approved and authorised by the director on 28 April 2025
 

.........................................
Mr P J Caldwell
Director

 

OConnell Real Estate (Annesley) Limited

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

1

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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.

 

OConnell Real Estate (Annesley) Limited

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

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Debtors

Current

2024
£

2023
£

Other debtors

225,072

225,073

 

225,072

225,073

 

OConnell Real Estate (Annesley) Limited

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

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

1,040

1,040

Trade creditors

 

958

1,128

Accruals and deferred income

 

138

570

Other creditors

 

182,965

181,693

 

185,101

184,431

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

40,629

40,629

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

40,629

40,629

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

1,040

1,040

 

OConnell Real Estate (Annesley) Limited

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

7

Related party transactions

Loans from related parties

2024

Key management
£

Total
£

At start of period

10,770

10,770

Advanced

1,272

1,272

At end of period

12,042

12,042

2023

Key management
£

Total
£

At start of period

434

434

Advanced

12,086

12,086

Repaid

(1,750)

(1,750)

At end of period

10,770

10,770