OCKENDON_62A_PROPERTY_INVESTMENTS_LIMITED_28_Feb_2025_companies_house_set_of

OCKENDON 62A PROPERTY INVESTMENTS LIMITED

Report to the board of directors on the preparation of the unaudited statutory financial statements of OCKENDON 62A PROPERTY INVESTMENTS LIMITED

Year ended

28 February 2025

As described on the statement of financial position, the Board of Directors of

OCKENDON 62A PROPERTY INVESTMENTS LIMITED

are responsible for the preparation of the

financial statements

for the year ended

28 February 2025

, which comprise the income statement, statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Kumar Business Consutants Limited

Chartered Certified Accountants

255-261 Horn Lane

London

W3 9EH

United Kingdom

OCKENDON 62A PROPERTY INVESTMENTS LIMITED

Statement of Financial Position

28 February 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	663,420		650,609
Current assets
Cash at bank and in hand		6,959		16,398
Creditors: amounts falling due within one year	6	(193,763	)	(194,113	)
Net current liabilities		(186,804	)	(177,715	)
Total assets less current liabilities		476,616		472,894
Creditors: amounts falling due after more than one year	7	(475,055	)	(462,135	)
Net assets		1,561		10,759
Capital and reserves
Called up share capital		4		4
Profit and loss account		1,557		10,755
Shareholders funds		1,561		10,759

For the year 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 financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

9 September 2025

, and are signed on behalf of the board by:



David Mayers	Nalini Sinanan
Director	Director

Company registration number:

11808807

OCKENDON 62A PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

Year ended

28 February 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

31 Highbury Grove

London

N5 1HJ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 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.

Turnover

Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and service charges receivable in the period.

Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the period from the date of lease commencement to the earliest termination date.

Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over the shorter of the entire lease term or the period to the first break option. Where such rental income is recognised ahead of the related cash flow, an adjustment is made to ensure the carrying value of the related property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of lease commencement to the earliest termination date.

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.

Investment properties

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.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2024: Nil).

5 Tangible assets

	Land and buildings
	£
Cost
At 1 March 2024	650,609
Additions	12,811
At 28 February 2025	663,420
Depreciation
At 1 March 2024 and 28 February 2025	-
Carrying amount
At 28 February 2025	663,420
At 29 February 2024	650,609

Investment property

Included in land and buildings are the following amounts in relation to investment properties:

	2025
	£
Carrying amount at 1 March 2024	650,609
Additions	12,811
Carrying amount at 28 February 2025	663,420

The investment property has been valued by the directors at the year end date at the cost price as they conclude there has been no material effect to the value since it's acquisition.

6 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	-	1,330
Other creditors	193,763	192,783
	193,763	194,113

7 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	475,055		462,135

Bank loans are secured by a fixed and floating charge over the assets of the company.