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Company No: 04548297 (England and Wales)

OJM PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

OJM PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

OJM PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
OJM PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS C A Roston
R M Roston
SECRETARY R M Roston
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 04548297 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
OJM PROPERTIES LIMITED

BALANCE SHEET

As at 30 September 2024
OJM PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 120 141
Investment property 4 1,382,260 1,382,260
1,382,380 1,382,401
Current assets
Debtors 5 3,844 1,605
Cash at bank and in hand 35,021 23,900
38,865 25,505
Creditors: amounts falling due within one year 6 ( 1,326,586) ( 1,367,006)
Net current liabilities (1,287,721) (1,341,501)
Total assets less current liabilities 94,659 40,900
Creditors: amounts falling due after more than one year 7 ( 268,961) ( 268,794)
Net liabilities ( 174,302) ( 227,894)
Capital and reserves
Called-up share capital 200,000 200,000
Revaluation reserve ( 182,849 ) ( 182,849 )
Profit and loss account ( 191,453 ) ( 245,045 )
Total shareholders' deficit ( 174,302) ( 227,894)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of OJM Properties Limited (registered number: 04548297) were approved and authorised for issue by the Board of Directors on 23 April 2025. They were signed on its behalf by:

R M Roston
Director
OJM PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
OJM PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

OJM Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rent receivable during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 2,540 2,540
At 30 September 2024 2,540 2,540
Accumulated depreciation
At 01 October 2023 2,399 2,399
Charge for the financial year 21 21
At 30 September 2024 2,420 2,420
Net book value
At 30 September 2024 120 120
At 30 September 2023 141 141

4. Investment property

Investment property
£
Valuation
As at 01 October 2023 1,382,260
As at 30 September 2024 1,382,260

The investment properties were valued on a fair value basis on 30 September 2024 by the directors.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 1,565,109 1,565,109

5. Debtors

2024 2023
£ £
Other debtors 3,844 1,605

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,834 265
Amounts owed to related parties 704,857 694,857
Other creditors 619,895 671,884
1,326,586 1,367,006

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 268,961 268,794

The bank loan above is secured on the investment properties owned by the company.