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Company Registration No. 12892850 (England and Wales)
OD DEVELOPMENT LTD Unaudited accounts for the year ended 31 August 2024
OD DEVELOPMENT LTD Unaudited accounts Contents
Page
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OD DEVELOPMENT LTD Company Information for the year ended 31 August 2024
Director
Odai ABBELFATTAH
Company Number
12892850 (England and Wales)
Registered Office
SUIT 2, PARKWAY 5 PARKWAY BUSINESS CENTR 300 PRINCESS ROAD MANCHESTER GREATER MANCHESTER M14 7HR ENGLAND
Accountants
CLEARCUT ACCOUNTING LIMITED SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT 300 PRINCESS ROAD MANCHESTER M14 7HR
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OD DEVELOPMENT LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,893 
31,578 
Investment property
154,191 
145,173 
180,084 
176,751 
Current assets
Debtors
5,849 
5,516 
Cash at bank and in hand
2,477 
4,785 
8,326 
10,301 
Creditors: amounts falling due within one year
(161,421)
(159,126)
Net current liabilities
(153,095)
(148,825)
Net assets
26,989 
27,926 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
26,889 
27,826 
Shareholders' funds
26,989 
27,926 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
Odai ABBELFATTAH Director Company Registration No. 12892850
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OD DEVELOPMENT LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
OD DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12892850. The registered office is SUIT 2, PARKWAY 5 PARKWAY BUSINESS CENTR, 300 PRINCESS ROAD, MANCHESTER, GREATER MANCHESTER, M14 7HR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Rental income is earned by renting out property to tenants and is recognised on a straight-line basis over the rental period, unless another method better reflects the pattern of benefits derived from the rented asset. It is included in turnover when earned.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% RBM
Going concern
The director have assessed the company’s financial position and future prospects and have no reason to believe that the company will not continue in operational existence for the foreseeable future. Accordingly, the accounts are prepared on a going concern basis
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OD DEVELOPMENT LTD Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
38,510 
At 31 August 2024
38,510 
Depreciation
At 1 September 2023
6,932 
Charge for the year
5,685 
At 31 August 2024
12,617 
Net book value
At 31 August 2024
25,893 
At 31 August 2023
31,578 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
145,173 
Additions
9,018 
At 31 August 2024
154,191 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,164 
Trade debtors
5,849 
4,352 
5,849 
5,516 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,539 
11,276 
Trade creditors
10,105 
294 
Taxes and social security
5,835 
6,027 
Other creditors
7,000 
12,700 
Loans from directors
125,942 
128,829 
161,421 
159,126 
8
Controlling party
The director controls company.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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