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REGISTERED NUMBER: 10036318 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

Ograc Property Letting Ltd

Ograc Property Letting Ltd (Registered number: 10036318)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ograc Property Letting Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: H L Bosman
S W N Bruwer
A G De Clerk





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 10036318 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Ograc Property Letting Ltd (Registered number: 10036318)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Investment property 5 950,000 950,000

CURRENT ASSETS
Debtors 6 79,954 64,964
Cash at bank 14,701 26,757
94,655 91,721
CREDITORS
Amounts falling due within one year 7 (1,336,115 ) (1,295,703 )
NET CURRENT LIABILITIES (1,241,460 ) (1,203,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(291,460

)

(253,982

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 (292,460 ) (254,982 )
SHAREHOLDERS' FUNDS (291,460 ) (253,982 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





H L Bosman - Director


Ograc Property Letting Ltd (Registered number: 10036318)

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

1. STATUTORY INFORMATION

Ograc Property Letting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the company will be able to continue its operations for the foreseeable future. The validity of this assumption depends on the company continuing to meet its loan commitments through rental income. The company's creditors include loans from group companies. The company has obtained confirmation from these group companies that no requests for repayment would be made which may put the company in a position not to be able to meet its other liabilities as they fall due for payment. On the above basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investment property
Investment property is initially measured at cost less impairment and subsequently measured at fair value whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in profit or loss.

Financial instruments
The group has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102, in full, to all of its financial instruments.

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 statement of financial position date.

The company is part of a tax group for certain aspects of tax legislation. One of these aspects relates to group relief whereby current tax losses can be offset by current tax liabilities arising in other companies within the same tax group.


Ograc Property Letting Ltd (Registered number: 10036318)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2024
and 31 December 2024 950,000
Net book value
At 31 December 2024 950,000
At 31 December 2023 950,000

The company's investment property comprises long leasehold investment property in England. These are shown at the directors' estimate of fair value at the period end. If the investment property had not been revalued, it would have been shown at its original purchase price of £1,159,020.

6. DEBTORS
31/12/24 31/12/23
£    £   
Amounts falling due within one year:
Trade debtors 1,420 -
Amounts owed by group undertakings 25,773 10,455
Other debtors 506 2,254
27,699 12,709

Amounts falling due after more than one year:
Other debtors 52,255 52,255

Aggregate amounts 79,954 64,964

Other debtors include a deferred tax asset totalling £52,255 in respect of the fair value adjustment made to investment properties. These properties are held for long term investment purposes and the company considers property values will increase in the future to the extent the deferred tax asset will be utilised.

Ograc Property Letting Ltd (Registered number: 10036318)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed to group undertakings 1,331,170 1,287,003
Other creditors 4,945 8,700
1,336,115 1,295,703

8. RESERVES
Retained
earnings
£   

At 1 January 2024 (254,982 )
Deficit for the year (37,478 )
At 31 December 2024 (292,460 )

Reserves of the company represent the following:

Retained earnings
The cumulative profit and loss net of distributions to owners.

Fair value reserve
The cumulative fair value gains and losses in respect of investment property revaluations recognised in and transferred from profit and loss including allowance for the deferred tax liability/asset on the fair value adjustment.

9. RELATED PARTY DISCLOSURES

At the period end £1,330,170 (Dec 2023: £1,287,003) was due to its parent Bataleur Investments Limited and is included in Amounts owed to group undertakings. The loan is unsecured, repayable on demand and interest of £84,167(Dec 2023: £65,142) was charged during the period.

10. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Bataleur Investments Limited, incorporated in Guernsey. The company's business address is Oak House, Hirzel Street, St Peter Port, Guernsey. There is no ultimate controlling party.