O & L Freeholds Limited 05997988 true 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true R Steinhouse J Jackson-Shilling S Whybrow 05997988 2023-11-01 2024-10-31 05997988 2024-10-31 05997988 core:RetainedEarningsAccumulatedLosses 2024-10-31 05997988 core:ShareCapital 2024-10-31 05997988 core:CurrentFinancialInstruments 2024-10-31 05997988 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 05997988 bus:FRS102 2023-11-01 2024-10-31 05997988 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05997988 bus:FullAccounts 2023-11-01 2024-10-31 05997988 bus:RegisteredOffice 2023-11-01 2024-10-31 05997988 bus:CompanySecretary1 2023-11-01 2024-10-31 05997988 bus:Director1 2023-11-01 2024-10-31 05997988 bus:Director4 2023-11-01 2024-10-31 05997988 bus:EntityNoLongerTradingButTradedInPast 2023-11-01 2024-10-31 05997988 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05997988 bus:Agent1 2023-11-01 2024-10-31 05997988 countries:EnglandWales 2023-11-01 2024-10-31 05997988 2023-10-31 05997988 core:RetainedEarningsAccumulatedLosses 2023-10-31 05997988 core:ShareCapital 2023-10-31 05997988 core:CurrentFinancialInstruments 2023-10-31 05997988 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 iso4217:GBP

Registration number: 05997988

O & L Freeholds Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

O & L Freeholds Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 4

 

O & L Freeholds Limited

Company Information

Directors

R Steinhouse

J Jackson-Shilling

Company secretary

S Whybrow

Registered office

Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

Accountants

Landmark Accountants Limited Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

 

O & L Freeholds Limited

(Registration number: 05997988)
Balance Sheet as at 31 October 2024

Note

2024

2023

   

£

£

£

£

Current assets

   

 

Debtors

3

 

447,091

 

447,091

Creditors: Amounts falling due within one year

4

 

(402,788)

 

(402,788)

Net assets

   

44,303

 

44,303

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

44,302

 

44,302

 

Total equity

   

44,303

 

44,303

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

Directors' 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 directors acknowledge their 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 applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
R Steinhouse
Director

 

O & L Freeholds Limited

Notes to the Financial Statements for the Year Ended 31 October 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:
Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS
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.

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

The company was dormant and has not traded during the year.

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.

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.

 

O & L Freeholds Limited

Notes to the Financial Statements for the Year Ended 31 October 2024

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings

5

447,091

447,091

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

155

155

Amounts owed to group undertakings

5

402,633

402,633

 

402,788

402,788

5

Related party transactions

The company has taken advantage of the exemption under FRS 102 Section 1AC.35 from disclosing transactions with other group companies wholly owned within the group.