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Registration number: 13724443

Onyx Estates Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Onyx Estates Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Onyx Estates Ltd

Company Information

Director

Mr Leon Martin Rodgers

Registered office

19 Cherry Tree Lane
Harpole
Northampton
NN7 4GY

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Onyx Estates Ltd

(Registration number: 13724443)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

200

300

Investment property

6

170,000

170,000

 

170,200

170,300

Current assets

 

Debtors

7

-

2,169

Cash at bank and in hand

 

15,682

10,419

 

15,682

12,588

Creditors: Amounts falling due within one year

8

(169)

(148)

Net current assets

 

15,513

12,440

Total assets less current liabilities

 

185,713

182,740

Creditors: Amounts falling due after more than one year

8

(214,747)

(212,100)

Provisions for liabilities

(2,944)

(2,944)

Net liabilities

 

(31,978)

(32,304)

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

12,553

12,553

Retained earnings

(45,531)

(45,857)

Shareholders' deficit

 

(31,978)

(32,304)

For the financial year ending 30 November 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 12 June 2025
 

 

Onyx Estates Ltd

(Registration number: 13724443)
Balance Sheet as at 30 November 2024 (continued)

.........................................
Mr Leon Martin Rodgers
Director

 

Onyx Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
19 Cherry Tree Lane
Harpole
Northampton
NN7 4GY

These financial statements were authorised for issue by the director on 12 June 2025.

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.

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:

Asset class

Depreciation method and rate

Office Equipment

20% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Onyx Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

100

100

 

Onyx Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

500

500

At 30 November 2024

500

500

Depreciation

At 1 December 2023

200

200

Charge for the year

100

100

At 30 November 2024

300

300

Carrying amount

At 30 November 2024

200

200

At 30 November 2023

300

300

6

Investment properties

2024
£

At 1 December

170,000

At 30 November

170,000

The fair value of the properties has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the properties are situated.

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2024
£

2023
£

Other debtors

-

2,169

 

-

2,169

 

Onyx Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

169

148

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

214,271

211,852

Other non-current financial liabilities

 

476

248

 

214,747

212,100

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

12,553

12,553

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

112,665

112,665

Other borrowings

101,606

99,187

214,271

211,852