IRIS Accounts Production v25.2.0.378 11682034 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116820342023-11-30116820342024-11-30116820342023-12-012024-11-30116820342022-11-30116820342022-12-012023-11-30116820342023-11-3011682034ns15:EnglandWales2023-12-012024-11-3011682034ns14:PoundSterling2023-12-012024-11-3011682034ns10:Director12023-12-012024-11-3011682034ns10:Director22023-12-012024-11-3011682034ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011682034ns10:SmallEntities2023-12-012024-11-3011682034ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3011682034ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011682034ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011682034ns10:FullAccounts2023-12-012024-11-3011682034ns10:RegisteredOffice2023-12-012024-11-3011682034ns5:CurrentFinancialInstruments2024-11-3011682034ns5:CurrentFinancialInstruments2023-11-3011682034ns5:Non-currentFinancialInstruments2024-11-3011682034ns5:Non-currentFinancialInstruments2023-11-3011682034ns5:ShareCapital2024-11-3011682034ns5:ShareCapital2023-11-3011682034ns5:FurtherSpecificReserve3ComponentTotalEquity2024-11-3011682034ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3011682034ns5:RetainedEarningsAccumulatedLosses2024-11-3011682034ns5:RetainedEarningsAccumulatedLosses2023-11-3011682034ns5:PlantMachinery2023-11-3011682034ns5:PlantMachinery2023-12-012024-11-3011682034ns5:PlantMachinery2024-11-3011682034ns5:PlantMachinery2023-11-3011682034ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011682034ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3011682034ns5:Secured2024-11-3011682034ns5:Secured2023-11-3011682034ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-30
REGISTERED NUMBER: 11682034 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

O R Properties Ltd

O R Properties Ltd (Registered number: 11682034)






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

Chartered Accountants' Report 8

O R Properties Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr W O Roberts
Mrs E A Roberts





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 11682034 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

O R Properties Ltd (Registered number: 11682034)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,427 456
Investment property 5 399,950 399,950
403,377 400,406

CURRENT ASSETS
Debtors 6 35,084 32,484
Cash at bank 30 47,304
35,114 79,788
CREDITORS
Amounts falling due within one year 7 31,620 59,436
NET CURRENT ASSETS 3,494 20,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,871

420,758

CREDITORS
Amounts falling due after more than one
year

8

(208,929

)

(210,206

)

PROVISIONS FOR LIABILITIES (41,087 ) (40,544 )
NET ASSETS 156,855 170,008

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 172,387 172,387
Retained earnings (15,632 ) (2,479 )
SHAREHOLDERS' FUNDS 156,855 170,008

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 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.

O R Properties Ltd (Registered number: 11682034)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:




Mr W O Roberts - Director



Mrs E A Roberts - Director


O R Properties Ltd (Registered number: 11682034)

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

1. STATUTORY INFORMATION

O R Properties 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.

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.

3. EMPLOYEES AND DIRECTORS

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

O R Properties Ltd (Registered number: 11682034)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 570
Additions 3,828
At 30 November 2024 4,398
DEPRECIATION
At 1 December 2023 114
Charge for year 857
At 30 November 2024 971
NET BOOK VALUE
At 30 November 2024 3,427
At 30 November 2023 456

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 399,950
NET BOOK VALUE
At 30 November 2024 399,950
At 30 November 2023 399,950

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2020 40,949
Valuation in 2021 171,874
Cost 187,127
399,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 35,084 32,484

Included within the other debtors figure above is £35,084 (30.11.23 - £32,484 ) owed from O R Electrical Ltd, a company in which Mr W O Roberts is also a director.

O R Properties Ltd (Registered number: 11682034)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 23,565 24,033
Trade creditors 660 582
Other creditors 7,395 34,821
31,620 59,436

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 208,929 210,206

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 124,878 116,247

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank overdraft 684 -
Bank loans 231,810 234,239
232,494 234,239

Of the amount outlined above, £227,037 relates to the charge noted below:

The company's record at Companies House disclosed the following charge over the investment property:

Charge code: 1168 2034 0002

Created: 14 August 2023

Brief detail: Fixed charge over the property

10. RESERVES
Fair
value
reserve
£   
At 1 December 2023
and 30 November 2024 172,387

O R Properties Ltd (Registered number: 11682034)

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

11. RELATED PARTY DISCLOSURES

During the period the director accumulated funds within an in-credit director's loan accounts, which at the year end amounted to a total of £6,809 (£34,271 - 30.11.23).

During the year no dividends were paid to the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
O R Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of O R Properties Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of O R Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of O R Properties Ltd and state those matters that we have agreed to state to the Board of Directors of O R Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O R Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that O R Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of O R Properties Ltd. You consider that O R Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of O R Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................