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REGISTERED NUMBER: 11362651 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Otterbrook Developments Ltd.

Otterbrook Developments Ltd. (Registered number: 11362651)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Otterbrook Developments Ltd.

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr M F Mitchell





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 11362651 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Otterbrook Developments Ltd. (Registered number: 11362651)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 795 1,060
Investments 6 1,367,140 1,337,122
Investment property 7 1,000,000 1,000,000
2,367,935 2,338,182

CURRENT ASSETS
Debtors 8 280,072 286,399
Cash at bank 129,386 43,357
409,458 329,756
CREDITORS
Amounts falling due within one year 9 81,813 42,015
NET CURRENT ASSETS 327,645 287,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,695,580

2,625,923

PROVISIONS FOR LIABILITIES 44,094 10,416
NET ASSETS 2,651,486 2,615,507

CAPITAL AND RESERVES
Called up share capital 10 150 150
Non distributable reserve 11 184,934 31,219
Retained earnings 2,466,402 2,584,138
SHAREHOLDERS' FUNDS 2,651,486 2,615,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Otterbrook Developments Ltd. (Registered number: 11362651)

Balance Sheet - continued
30 November 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2025 and were signed by:





Mr M F Mitchell - Director


Otterbrook Developments Ltd. (Registered number: 11362651)

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

1. STATUTORY INFORMATION

Otterbrook Developments 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 represents the company's share of the profits of the partnership.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business is being amortised in full on acquisition.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Otterbrook Developments Ltd. (Registered number: 11362651)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 98,871
AMORTISATION
At 1 December 2023
and 30 November 2024 98,871
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 1,137
DEPRECIATION
At 1 December 2023 77
Charge for year 265
At 30 November 2024 342
NET BOOK VALUE
At 30 November 2024 795
At 30 November 2023 1,060

6. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 50 1,337,072 1,337,122
Additions - 1,351,080 1,351,080
Disposals - (1,526,015 ) (1,526,015 )
Revaluations - 204,953 204,953
At 30 November 2024 50 1,367,090 1,367,140
NET BOOK VALUE
At 30 November 2024 50 1,367,090 1,367,140
At 30 November 2023 50 1,337,072 1,337,122

Otterbrook Developments Ltd. (Registered number: 11362651)

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

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2024 - 1,367,090 1,367,090
Cost 50 - 50
50 1,367,090 1,367,140

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,000,000
NET BOOK VALUE
At 30 November 2024 1,000,000
At 30 November 2023 1,000,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,023 -
Other debtors 170,017 253,423
Directors' current accounts 100,322 31,626
VAT 6,099 -
Prepayments and accrued income 1,611 1,350
280,072 286,399

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,015 14,519
Tax - 2,959
VAT - 1,827
Other creditors 41,971 6,432
Accruals and deferred income 18,827 16,278
81,813 42,015

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary 1 150 150

Otterbrook Developments Ltd. (Registered number: 11362651)

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

11. RESERVES
Non
distributable
reserve
£   
At 1 December 2023 31,219
Non distributable reserve 153,715

At 30 November 2024 184,934

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr M F Mitchell
Balance outstanding at start of year 31,626 400,998
Amounts advanced 156,710 213,314
Amounts repaid (88,014 ) (582,686 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,322 31,626

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2% per annum to 5th April 2023 and 2.25% thereafter.