REGISTERED NUMBER: 07764339 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

OMPHALOS PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

R Bowden

REGISTERED OFFICE:

Lower Orchard House

Coneyhurst Lane

Ewhurst

Cranleigh

Surrey

GU6 7PL

REGISTERED NUMBER:

07764339 (England and Wales)

ACCOUNTANTS:

Goff and Company Chartered Accountants

89 Havant Road

Emsworth

Hampshire

PO10 7LF

FIXED ASSETS

Tangible assets

4

115,453

130,932

Investment property

5

6,787,000

6,500,000

6,902,453

6,630,932

CURRENT ASSETS

Debtors

6

405,970

482,584

Cash at bank

12,870

15,389

418,840

497,973

CREDITORS

Amounts falling due within one year

7

1,580,783

476,844

NET CURRENT (LIABILITIES)/ASSETS

(1,161,943

)

21,129

TOTAL ASSETS LESS CURRENT LIABILITIES

5,740,510

6,652,061

CREDITORS

Amounts falling due after more than one year

8

6,297,659

7,349,075

NET LIABILITIES

(557,149

)

(697,014

)

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

(1,156,629

)

(1,156,629

)

Retained earnings

599,380

459,515

SHAREHOLDERS' FUNDS

(557,149

)

(697,014

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2025 and were signed by:

R Bowden - Director

1.	STATUTORY INFORMATION

Omphalos Property 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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 and deferred taxation assets and liabilities are not discounted.

Current and deferred 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Plant and

Motor

Computer

to property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

66,869

122,107

29,318

3,813

222,107

Additions

-

-

-

714

714

At 31st December 2024

66,869

122,107

29,318

4,527

222,821

DEPRECIATION

At 1st January 2024

-

65,293

24,535

1,347

91,175

Charge for year

-

14,203

1,195

795

16,193

At 31st December 2024

-

79,496

25,730

2,142

107,368

NET BOOK VALUE

At 31st December 2024

66,869

42,611

3,588

2,385

115,453

At 31st December 2023

66,869

56,814

4,783

2,466

130,932

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

6,500,000

Additions

287,000

At 31st December 2024

6,787,000

NET BOOK VALUE

At 31st December 2024

6,787,000

At 31st December 2023

6,500,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2019

440,000

Valuation in 2021

7,613,819

Valuation in 2022

40,000

Valuation in 2023

(1,593,819

)

Valuation in 2024

287,000

6,787,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

8,045,997

8,045,997

Investment properties were valued on an open market basis on 31st December 2023 by the director and Handelsbanken .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

14,899

94,633

Other debtors

391,071

387,951

405,970

482,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

990,000

-

Payments on account

9,721

68,349

Trade creditors

6,952

5,125

Taxation and social security

49,941

85,479

Other creditors

524,169

317,891

1,580,783

476,844

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

253,525

1,153,547

Other creditors

6,044,134

6,195,528

6,297,659

7,349,075

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

253,525

-

9.

RESERVES

Fair value

reserve

£

At 1st January 2024

and 31st December 2024

(1,156,629

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Bowden.

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

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

Goff and Company Chartered Accountants

89 Havant Road

Emsworth

Hampshire

PO10 7LF

25th September 2025