Owl Mill Properties Limited 15503110 false 2024-02-19 2025-02-28 2025-02-28 The principal activity of the company is 68209 - Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 15503110 2024-02-19 2025-02-28 15503110 2025-02-28 15503110 core:RetainedEarningsAccumulatedLosses 2025-02-28 15503110 core:ShareCapital 2025-02-28 15503110 core:CurrentFinancialInstruments 2025-02-28 15503110 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 15503110 bus:SmallEntities 2024-02-19 2025-02-28 15503110 bus:AuditExemptWithAccountantsReport 2024-02-19 2025-02-28 15503110 bus:FilletedAccounts 2024-02-19 2025-02-28 15503110 bus:SmallCompaniesRegimeForAccounts 2024-02-19 2025-02-28 15503110 bus:RegisteredOffice 2024-02-19 2025-02-28 15503110 bus:Director1 2024-02-19 2025-02-28 15503110 bus:PrivateLimitedCompanyLtd 2024-02-19 2025-02-28 15503110 countries:EnglandWales 2024-02-19 2025-02-28 iso4217:GBP xbrli:pure

Registration number: 15503110

Owl Mill Properties Limited
Annual Report and Unaudited Financial Statements- Companies house filing
for the Period from 19 February 2024 to 28 February 2025

Owl Mill Properties Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 3

Owl Mill Properties Limited

(Registration number: 15503110)
Statement of Financial Position as at 28 February 2025

| Note | 2025 £
Fixed assets |  |
Investment property | 4 | 271,895
Current assets |  |
Debtors | 5 | 3,541
Cash at bank and in hand |  | 953
|  | 4,494
Creditors: Amounts falling due within one year | 6 | (291,383)
Net current liabilities |  | (286,889)
Net liabilities |  | (14,994)
Capital and reserves |  |
Called up share capital |  | 100
Profit and loss account |  | (15,094)
Shareholders' deficit |  | (14,994)

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 17 September 2025 and signed on its behalf by:

......................................... Mrs S J Adcock Director

Owl Mill Properties Limited

Notes to the Unaudited Financial Statements for the Period from 19 February 2024 to 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Willey Mill House, Alton Road, Farnham, Surrey, GU10 5EL.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Owl Mill Properties Limited

Notes to the Unaudited Financial Statements for the Period from 19 February 2024 to 28 February 2025

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4 | Investment properties

| 2025 £
Additions | 271,895
At 28 February 2025 | 271,895

There has been no valuation of investment property by an independent valuer.

5 | Debtors

| Note | 2025 £
Deferred tax assets |  | 3,541
|  | 3,541

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Accruals and deferred income | 1,500
Other creditors | 289,883
| 291,383

7 | Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the director.