REGISTERED NUMBER: 12500348 (England and Wales)

Ozmen Emlak Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr H Ozmen

Mrs A Ozmen

REGISTERED OFFICE:

C/O Ozmen Ltd

55-57 John St

Sheffield

SE11 5QU

REGISTERED NUMBER:

12500348 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

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 Statement of Financial Position. Readers are cautioned that the Abridged 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 Ozmen Emlak Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Statement of Financial Position 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 Ozmen Emlak Limited, 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 Ozmen Emlak Limited and state those matters that we have agreed to state to the Board of Directors of Ozmen Emlak Limited, 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 Ozmen Emlak Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ozmen Emlak Limited 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 profit of Ozmen Emlak Limited. You consider that Ozmen Emlak Limited 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 Ozmen Emlak Limited. 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

19 September 2025

FIXED ASSETS

Property, plant and equipment

4

3,075

4,100

Investment property

5

2,283,054

2,283,054

2,286,129

2,287,154

CURRENT ASSETS

Debtors

6

6,046

6,466

Cash at bank and in hand

5,113

3,346

11,159

9,812

CREDITORS

Amounts falling due within one year

7

853,462

755,830

NET CURRENT LIABILITIES

(842,303

)

(746,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,443,826

1,541,136

CREDITORS

Amounts falling due after more than one year

8

(602,969

)

(717,188

)

PROVISIONS FOR LIABILITIES

10

(176,815

)

(177,010

)

NET ASSETS

664,042

646,938

CAPITAL AND RESERVES

Called up share capital

11

100

100

Non-distributable reserves

12

751,301

751,301

Retained earnings

12

(87,359

)

(104,463

)

SHAREHOLDERS' FUNDS

664,042

646,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2025 and were signed on its behalf by:

Mrs A Ozmen - Director

1.	STATUTORY INFORMATION

Ozmen Emlak Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement

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

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.

No depreciation is charged on investment property and on the improvement cost under FRS102 standard.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

7,289

DEPRECIATION

At 1 April 2024

3,189

Charge for year

1,025

At 31 March 2025

4,214

NET BOOK VALUE

At 31 March 2025

3,075

At 31 March 2024

4,100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,283,054

NET BOOK VALUE

At 31 March 2025

2,283,054

At 31 March 2024

2,283,054

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

927,533

Cost

1,355,521

2,283,054

If following historical cost had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,355,521

1,355,521

Investment property was valued on an open market basis on 31 March 2025 by by director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

6,046

6,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

113,125

113,125

Trade creditors

23,849

15,586

Other creditors

716,488

627,119

853,462

755,830

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

602,969

717,188

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

37,344

151,563

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

716,094

830,313

Bank loans are secured on fixed charge on company assets to TURKIYE IS BANKASI A.S.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

176,815

177,010

Deferred

tax

£

Balance at 1 April 2024

177,010

Credit to Income Statement during year

(195

)

Balance at 31 March 2025

176,815

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

£

£

At 1 April 2024

(104,463

)

751,301

646,838

Profit for the year

17,104

17,104

At 31 March 2025

(87,359

)

751,301

663,942

13.	RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

The amount due to members of key management personnel at the balance sheet date is £51,392 (2024:£63,842)- an interest- free loan payable on demand and presented within the creditors' note.

Transactions with entities under common and joint control:

The amount due to entities at the balance sheet date is £658,045 (2024: £555,943) -an interest- free loan payable on demand and presented within the creditor's note.