Oramo Lettings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13129960 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Oramo Lettings Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J J Buckingham

Mrs L M Simpson Scott

REGISTERED OFFICE:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

GL3 3RS

REGISTERED NUMBER:

13129960 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

FIXED ASSETS

Tangible assets

4

1,216

1,281

CURRENT ASSETS

Debtors

5

1,669

438

Cash at bank

6,456

15,921

8,125

16,359

CREDITORS

Amounts falling due within one year

6

9,241

17,539

NET CURRENT LIABILITIES

(1,116

)

(1,180

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

101

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

-

1

SHAREHOLDERS' FUNDS

100

101

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

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

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 12 September 2025 and were signed on its behalf by:

Mrs L M Simpson Scott - Director

J J Buckingham - Director

1.	STATUTORY INFORMATION

Oramo Lettings Ltd 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.

Turnover

Turnover is measured at the fair value of the commissions received or receivable, excluding discounts, rebates, value added tax and other sales tax taxes.This represents the net commissions of rental income received and all property costs incurred on these properties.

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

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

Going concern

Despite net current liabilities of £1,116 at 31 January 2025 (2024 - £1,180), the accounts have been prepared on a going concern basis.

The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

Cost

At 1 February 2024

180

2,716

2,896

Additions

340

-

340

At 31 January 2025

520

2,716

3,236

Depreciation

At 1 February 2024

45

1,570

1,615

Charge for year

119

286

405

At 31 January 2025

164

1,856

2,020

Net book value

At 31 January 2025

356

860

1,216

At 31 January 2024

135

1,146

1,281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Other debtors

1,669

438

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Amounts owed to group undertakings

8,317

8,611

Taxation and social security

-

693

Other creditors

924

8,235

9,241

17,539

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31/1/25

31/1/24

£

J J Buckingham

Balance outstanding at start of year

-

Amounts advanced

1,024

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,024

-

Mrs L M Simpson Scott

Balance outstanding at start of year

-

Amounts advanced

199

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

199

-

The above unsecured loans, included within other debtors, are repaid within 9 months of the year end.

8.	RELATED PARTY DISCLOSURES

J J Buckingham

Mrs L M Simpson Scott

At 31 January 2025 the directors had loaned the following funds to the company:

J J Buckingham - £nil (2024 - £3,410)

Mrs L M Simpson Scott - £nil (2024 - £3,925)

The above loans, included within other creditors, are interest free and have no fixed repayment terms.

The company also rents out property owned by the directors.

Oramo Holdings Ltd

Parent company

At 31 January 2025, Oramo Holdings Ltd was owed £8,317 (2024 - £8,611) from the company. The loan is interest free and has no fixed repayment terms.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Oramo Holdings Ltd, a company controlled by the directors J J Buckingham and Mrs L M Simpson Scott. Oramo Holdings Ltd, which shares the same registered office as Oramo Lettings Ltd, has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.