Ostrich Estates Ltd 11685929 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Property Investment Digita Accounts Production Advanced 6.30.9574.0 true true 11685929 2024-04-01 2025-03-31 11685929 2025-03-31 11685929 core:RetainedEarningsAccumulatedLosses 2025-03-31 11685929 core:ShareCapital 2025-03-31 11685929 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11685929 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 11685929 bus:SmallEntities 2024-04-01 2025-03-31 11685929 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11685929 bus:FilletedAccounts 2024-04-01 2025-03-31 11685929 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11685929 bus:RegisteredOffice 2024-04-01 2025-03-31 11685929 bus:Director1 2024-04-01 2025-03-31 11685929 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11685929 countries:AllCountries 2024-04-01 2025-03-31 11685929 2024-03-31 11685929 2023-04-01 2024-03-31 11685929 2024-03-31 11685929 core:RetainedEarningsAccumulatedLosses 2024-03-31 11685929 core:ShareCapital 2024-03-31 11685929 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11685929 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 11685929

Ostrich Estates Ltd
Filleted Unaudited Financial Statements
for the Year Ended 31 March 2025

Ostrich Estates Ltd

(Registration number: 11685929)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,125,000 | 602,704
Creditors: Amounts falling due within one year | 5 | (42,592) | (183,990)
Total assets less current liabilities |  | 1,082,408 | 418,714
Creditors: Amounts falling due after more than one year | 5 | (826,115) | (444,928)
Provisions for liabilities |  | (58,230) | -
Net assets/(liabilities) |  | 198,063 | (26,214)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | (50,185) | (26,216)
Non-distributable reserve |  | 248,246 | -
Total equity |  | 198,063 | (26,214)

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:

......................................... O Schleider Director

Ostrich Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
58A Singleton Road
Salford
Greater Manchester
M7 4LU
United Kingdom

These financial statements were authorised for issue by the Board on 20 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Ostrich Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Ostrich Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Investment properties

| 2025 £
At 1 April 24 | 602,704
Additions | 215,820
Fair value adjustments | 306,476
At 31 March 25 | 1,125,000

There has been no valuation of investment property by an independent valuer.
The historical cost of the property is £818,524

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 1,020 | 780
Other creditors | 41,572 | 183,210
| 42,592 | 183,990

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 826,115 | 444,928

Creditors include bank loans which are secured of £826,115 (2024 - £444,928).