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Company Registration No. 11808343 (England and Wales)
Owning Life Ltd Unaudited accounts for the year ended 28 February 2025
Owning Life Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Owning Life Ltd Company Information for the year ended 28 February 2025
Director
Wai Yip Wong
Company Number
11808343 (England and Wales)
Registered Office
C/O O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
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Owning Life Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
102,499
167,499
Current assets
Cash at bank and in hand
4,720
482
Creditors: amounts falling due within one year
5
(158,404)
(219,008)
Net current liabilities
(153,684)
(218,526)
Net liabilities
(51,185)
(51,027)
Capital and reserves
Revaluation reserve
43,903
43,903
Profit and loss account
(95,088)
(94,930)
Shareholders' funds
(51,185)
(51,027)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 October 2025 and were signed on its behalf by
Wai Yip Wong Director Company Registration No. 11808343
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Owning Life Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Owning Life Ltd is a private company, limited by shares, registered in England and Wales, registration number 11808343. The registered office is C/O O'Meara Fitzmaurice & Co, Brimstage Hall, Brimstage Road, Wirral, CH63 6JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025
£
Fair value at 1 March 2024
167,499
Disposals
(65,000)
At 28 February 2025
102,499
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
158,404
219,008
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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