OM Properties Investment Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01958706 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OM PROPERTIES INVESTMENT COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A M Chugani

REGISTERED OFFICE:

The Pantiles Gartree Road

Oadby

Leicester

Leicestershire

LE2 2FB

REGISTERED NUMBER:

01958706 (England and Wales)

BANKERS:

Barclays Bank PLC

2 Blackbird Road

Leicester

Leicestershire

LE4 0FS

FIXED ASSETS

Tangible assets

4

171,114

12,019

Investments

5

437,643

Investment property

6

50,482,560

43,807,698

51,091,317

44,257,360

CURRENT ASSETS

Debtors

7

19,193

48,206

Cash at bank

1,735,784

2,650,895

1,754,977

2,699,101

CREDITORS

Amounts falling due within one year

8

2,330,284

1,973,774

NET CURRENT (LIABILITIES)/ASSETS

(575,307

)

725,327

TOTAL ASSETS LESS CURRENT
LIABILITIES

50,516,010

44,982,687

CREDITORS

Amounts falling due after more than one year

9

(6,596,748

)

(2,326,054

)

PROVISIONS FOR LIABILITIES

(3,685,277

)

(3,595,426

)

NET ASSETS

40,233,985

39,061,207

CAPITAL AND RESERVES

Called up share capital

10,000

Fair value reserve

11

13,061,746

Retained earnings

27,162,239

25,989,461

SHAREHOLDERS' FUNDS

40,233,985

39,061,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 November 2025 and were signed by:

Mr A M Chugani - Director

1.	STATUTORY INFORMATION

OM Properties Investment Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover relates to the commercial letting of properties and is recognised within the accounts in line with the period of rental.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

169,714

13,100

182,814

Additions

173,767

624

174,391

At 31 March 2025

343,481

13,724

357,205

DEPRECIATION

At 1 April 2024

162,967

7,828

170,795

Charge for year

13,294

2,002

15,296

At 31 March 2025

176,261

9,830

186,091

NET BOOK VALUE

At 31 March 2025

167,220

3,894

171,114

At 31 March 2024

6,747

5,272

12,019

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

437,643

NET BOOK VALUE

At 31 March 2025

437,643

At 31 March 2024

437,643

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2024

437,643

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

43,807,698

Additions

6,474,862

Revaluations

200,000

At 31 March 2025

50,482,560

NET BOOK VALUE

At 31 March 2025

50,482,560

At 31 March 2024

43,807,698

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

2,696,272

Valuation in 2024

1,272,000

Valuation in 2025

200,000

Cost

46,314,288

50,482,560

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

500,043

404,380

Bad debt provision

(500,043

)

(374,395

)

Prepayments

19,193

18,221

19,193

48,206

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

196,875

-

Taxation

358,808

417,954

VAT

205,880

164,672

Other creditors

531,162

541,562

Rent deposits

423,021

397,119

Accrued expenses

614,538

452,467

2,330,284

1,973,774

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

196,875

-

Bank loans - 2-5 years

3,784,439

-

Other creditors

2,615,434

2,326,054

6,596,748

2,326,054

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

4,178,189

-

The bank loans and overdraft facilities are secured by a charge over the assets of the company including freehold investment properties.

11.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

13,061,746