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OUMAR K LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024






OUMAR K LTD (REGISTERED NUMBER: 07119056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OUMAR K LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: F O Kanoute
M A Rahman





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 07119056 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

OUMAR K LTD (REGISTERED NUMBER: 07119056)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,455,403 1,455,854
Investments 5 235,038 264,081
1,690,441 1,719,935

CURRENT ASSETS
Debtors 6 36,549 39,833
Cash at bank 153,274 96,814
189,823 136,647
CREDITORS
Amounts falling due within one year 7 2,660,872 2,784,717
NET CURRENT LIABILITIES (2,471,049 ) (2,648,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(780,608

)

(928,135

)

PROVISIONS FOR LIABILITIES 4,588 4,521
NET LIABILITIES (785,196 ) (932,656 )

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 1,143,511 1,143,511
Retained earnings (1,928,807 ) (2,076,267 )
(785,196 ) (932,656 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

OUMAR K LTD (REGISTERED NUMBER: 07119056)

BALANCE SHEET - continued
31ST DECEMBER 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 Board of Directors and authorised for issue on 31st May 2025 and were signed on its behalf by:





F O Kanoute - Director


OUMAR K LTD (REGISTERED NUMBER: 07119056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Oumar K 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.

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, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

OUMAR K LTD (REGISTERED NUMBER: 07119056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1st January 2024
and 31st December 2024 1,433,719 24,968 540 1,459,227
DEPRECIATION
At 1st January 2024 - 2,870 503 3,373
Charge for year - 442 9 451
At 31st December 2024 - 3,312 512 3,824
NET BOOK VALUE
At 31st December 2024 1,433,719 21,656 28 1,455,403
At 31st December 2023 1,433,719 22,098 37 1,455,854


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2024 264,081
Additions 207
Revaluations (29,250 )
At 31st December 2024 235,038
NET BOOK VALUE
At 31st December 2024 235,038
At 31st December 2023 264,081

Fixed asset investments include listed investments of £230,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Accrued income 34,732 37,581
Prepayments 1,817 2,252
36,549 39,833

OUMAR K LTD (REGISTERED NUMBER: 07119056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 43,468 72,613
Spanish Corporation tax 11,861 8,679
Social security and other taxes - (916 )
VAT 24,810 27,830
Other creditors 9,913 5,860
Spanish withholding tax 380 260
Directors' loans 2,568,593 2,668,593
Accrued expenses 1,847 1,798
2,660,872 2,784,717

The directors loans are as follows:

20242023
F Kanoute£1,998,593£2,098,593
M Rahman£570,000£570,000
£2,568,593£2,668,593