| Registered Number:06005048 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
OBM Properties Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
OBM Properties Limited
Statement of Financial Position
2023
2024
2
10,340,000
10,340,000
10,340,000
10,340,000
| Trade and other receivables |
3,130,813
3,695,769
3
114,481
| Cash and cash equivalents |
201,015
3,896,784
3,245,294
| Trade and other payables: amounts falling due within one |
| year |
(853,306)
(701,552)
4
2,391,988
3,195,232
Net current assets
| Total assets less current liabilities |
13,535,232
12,731,988
| Trade and other payables: amounts falling due after more |
| than one year |
(3,080,305)
(3,363,799)
5
10,171,433
Net assets
9,651,683
1,000
1,000
1,550,964
1,550,964
4,410,475
4,410,475
4,208,994
3,689,244
10,171,433
9,651,683
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 07 September 2025 and were signed by: |
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For the year ended 31 December 2024
OBM Properties Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 4
For the year ended 31 December 2024
OBM Properties Limited
Notes to the Financial Statements
Statutory Information
| OBM Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06005048. |
23 Robjohns Road
Widford Estate
Chelmsford
CM1 3AG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Property, plant and equipment |
| The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent |
| depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
| January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that |
| valuation has not been updated. |
| The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
| likely that there has been a material change in value. |
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
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. |
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. |
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For the year ended 31 December 2024
OBM Properties Limited
Notes to the Financial Statements Continued
10,340,000
10,340,000
10,340,000
10,340,000
| 3. Trade and other receivables |
2023
2024
3,695,769
3,130,813
| The debtors above include the following amounts falling due after more than one year: |
3,695,769
3,128,534
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
390,843
363,461
3,293
-
| Taxation and social security |
121,827
304,227
185,589
185,618
701,552
853,306
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
2,461,955
2,880,179
901,844
200,126
3,363,799
3,080,305
| 6. Average number of persons employed |
During the year the average number of employees was 0 (2023 : 1)
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