Ossian Investors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00505324

OSSIAN INVESTORS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

OSSIAN INVESTORS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

OSSIAN INVESTORS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mrs C.R. Sinclair
	Mr D.M. Sinclair

Company secretary	Mrs M.M. Bray

Registered office	Mountview House
	151 High Street
	Southgate
	London
	N14 6EW

OSSIAN INVESTORS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	6		1,495,000	1,495,000

CURRENT ASSETS

Debtors	7	463	236
Cash at bank and in hand		45,471	25,536
		--------	--------
		45,934	25,772

CREDITORS: amounts falling due within one year	8	( 8,455)		( 7,257)
		--------		--------
NET CURRENT ASSETS			37,479	18,515
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,532,479	1,513,515

PROVISIONS	( 314,811)	( 314,811)
	------------	------------
NET ASSETS	1,217,668	1,198,704
	------------	------------

CAPITAL AND RESERVES

Called up share capital	10,000	10,000
Profit and loss account	1,207,668	1,188,704
	------------	------------
SHAREHOLDERS FUNDS	1,217,668	1,198,704
	------------	------------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 .

OSSIAN INVESTORS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

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:

Mr D.M. Sinclair

Director

Company registration number: 00505324

OSSIAN INVESTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 Mountview House, 151 High Street, Southgate, London, N14 6EW.

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 investment properties measured at fair value through profit or loss.

Going concern

At the year end the company had net current assets of £37,479, net assets of £1.2m and cash at bank of £45,471. The directors have not identified any uncertainty regarding going concern and continue to prepare the financial statements on a going concern basis.

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. Significant judgements There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to the valuation of investment properties and have been disclosed in note 6 to the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents rents receivable for the year. Rents are recognised as receivable in accordance with the terms of the lease.

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.

Investment property

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit/(loss)

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense	4,448	4,031

Deferred tax:

Origination and reversal of timing differences	–	( 22,500)
	-------	--------
Tax on profit/(loss)	4,448	( 18,469)
	-------	--------

6. Tangible assets

	Investment property
	£
Cost
At 1 April 2024 and 31 March 2025	1,495,000
	------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	1,495,000
	------------
At 31 March 2024	1,495,000
	------------

The company's properties were valued on 31 March 2025 by the directors. The properties are all held for investment and market values are on the basis that the properties would be sold subject to any existing leases and tenancies. The director's opinion of market value was derived using expected movements according to house price indices and by a review of comparable recent market transactions on arm's length terms.

7. Debtors

	2025	2024
	£	£
Other debtors	463	236
	----	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	4,448	4,031
Other creditors	4,007	3,226
	-------	-------
	8,455	7,257
	-------	-------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	314,811	314,811
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of investment property	314,811	314,811
	---------	---------