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REGISTERED NUMBER: 07392235 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2024

for

O'Ceallaigh Properties Limited

O'Ceallaigh Properties Limited (Registered number: 07392235)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O'Ceallaigh Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: E J Kelly





SECRETARY: E J Kelly





REGISTERED OFFICE: 59A Basingstoke Road
Off Surrey Road
Reading
Berkshire
RG2 0ER





REGISTERED NUMBER: 07392235 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

O'Ceallaigh Properties Limited (Registered number: 07392235)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 668,715 277,896

CURRENT ASSETS
Cash at bank 110,699 6,259

CREDITORS
Amounts falling due within one year 5 396,608 18,791
NET CURRENT LIABILITIES (285,909 ) (12,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES 382,806 265,364

CAPITAL AND RESERVES
Called up share capital 6 20 20
Revaluation reserve 7 93,113 162,349
Retained earnings 289,673 102,995
SHAREHOLDERS' FUNDS 382,806 265,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

O'Ceallaigh Properties Limited (Registered number: 07392235)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 May 2025 and were signed by:





E J Kelly - Director


O'Ceallaigh Properties Limited (Registered number: 07392235)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

O'Ceallaigh Properties Ltd is a private company, limited by shares, registered in England and Wales. The company's registered office and trading address is 59A Basingtoke Road, Off Surrey Road, Reading, Berkshire, RG2 0ER.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land - Not depreciated
Buildings - 4% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

O'Ceallaigh Properties Limited (Registered number: 07392235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2023 365,522
Additions 528,894
Disposals (201,441 )
At 30 September 2024 692,975
DEPRECIATION
At 1 October 2023 87,626
Charge for year 3,363
Eliminated on disposal (66,729 )
At 30 September 2024 24,260
NET BOOK VALUE
At 30 September 2024 668,715
At 30 September 2023 277,896

Cost or valuation at 30 September 2024 is represented by:

Land and
buildings
£   
Valuation in 2019 93,112
Cost 599,863
692,975

O'Ceallaigh Properties Limited (Registered number: 07392235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 599,863 203,173
Aggregate depreciation 24,260 42,730

Value of land in freehold land and buildings 608,895 80,000

Freehold land and buildings were valued on an open market basis on 30 September 2018 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 38,163 16,702
Other creditors 358,445 2,089
396,608 18,791

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1
19 Ordinary B £1 19 19
20 20

O'Ceallaigh Properties Limited (Registered number: 07392235)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. RESERVES
Revaluation
reserve
£   
At 1 October 2023 162,349
Disposal of property (69,236 )

At 30 September 2024 93,113

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
E J Kelly
Balance outstanding at start of year - 23,662
Amounts repaid - (23,662 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The overdrawn director's loan account was repaid within nine months of the prior year end.