Onestop Properties Europe Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10591447

ONESTOP PROPERTIES EUROPE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 January 2025

ONESTOP PROPERTIES EUROPE LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	13,476	16,919
Investment properties	6	4,475,982	3,890,590
		-------------	-------------
		4,489,458	3,907,509

Current assets

Debtors	7	9,621	1,944
Cash at bank and in hand		65,882	43,487
		---------	---------
		75,503	45,431

Creditors: amounts falling due within one year	8	( 2,957,183)		( 2,830,474)
		-------------		-------------
Net current liabilities			( 2,881,680)	( 2,785,043)
			-------------	-------------
Total assets less current liabilities			1,607,778	1,122,466

Creditors: amounts falling due after more than one year	9		( 335,215)	( 60,000)

Provisions

Taxation including deferred tax	( 248,668)	( 192,810)
	-------------	-------------
Net assets	1,023,895	869,656
	-------------	-------------

ONESTOP PROPERTIES EUROPE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Other reserves	740,397	584,135
Profit and loss account	283,398	285,421
	-------------	----------
Shareholders funds	1,023,895	869,656
	-------------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 January 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 were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

B E Orrey

Director

Company registration number: 10591447

ONESTOP PROPERTIES EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Windsor House, A1 Business Park at, Long Bennington, Lincs, NG23 5JR.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. - Significant judgements No judgements have been made which would have a significant effect on the amounts recognised in the financial statements. - Key sources of estimation uncertainty Investment properties are revalued at the balance sheet date by the directors.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued by the directors to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Revenue recognition

The turnover shown in the statement of comprehensive income represents rental income due for the year, recognised on an accruals basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Motor vehicles	-	20% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2024	3,634	16,380	20,014
Additions	800	–	800
	-------	---------	---------
At 31 January 2025	4,434	16,380	20,814
	-------	---------	---------
Depreciation
At 1 February 2024	1,184	1,911	3,095
Charge for the year	967	3,276	4,243
	-------	---------	---------
At 31 January 2025	2,151	5,187	7,338
	-------	---------	---------
Carrying amount
At 31 January 2025	2,283	11,193	13,476
	-------	---------	---------
At 31 January 2024	2,450	14,469	16,919
	-------	---------	---------

6. Investment properties

	Other investments other than loans
	£
Cost
At 1 February 2024	3,890,590
Additions	441,048
Disposals	( 82,150)
Revaluations	226,494
	-------------
At 31 January 2025	4,475,982
	-------------
Impairment
At 1 February 2024 and 31 January 2025	–
	-------------

Carrying amount
At 31 January 2025	4,475,982
	-------------
At 31 January 2024	3,890,590
	-------------

The investment properties are revalued each year at the balance sheet date by the directors at fair value. At 31 January 2025, the historical cost of investment properties was £3,480,129 (2024 - £3,103,085).

7. Debtors

	2025	2024
	£	£
Trade debtors	2,420	588
Other debtors	7,201	1,356
	-------	-------
	9,621	1,944
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,661	10,635
Corporation tax	8,239	9,955
Other creditors	2,947,283	2,809,884
	-------------	-------------
	2,957,183	2,830,474
	-------------	-------------

Included in Creditors: amounts falling due withing one year is an amount of £2,929,905 (2024: £2,805,469) owed to the directors.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	335,215	60,000
	----------	---------

The bank loan of £335,215 (2024 - £60,000) is interest only mortgages which are all due for payment in greater than 5 years. The balance is subject to a variable interest rates at market rate of interest.

The mortgages are secured by fixed charges over the assets to which they relate.

10. Directors' advances, credits and guarantees

Included within creditors is an amount of £335,215 (2024 - £60,000) which the directors have personally guaranteed.

11. Controlling party

The company is considered to be under the control of B & L Orrey.