Company registration number: 08593340
Unaudited financial statements
for the year ended 30 June 2025
for
Overhaul Property Developments Limited
Pages for filing with the Registrar
Overhaul Property Developments Limited
Accountants' Report to the Director for the preparation of the unaudited financial
statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Overhaul Property Developments Limited for the year ended 30 June 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Overhaul Property Developments Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Overhaul Property Developments Limited and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Overhaul Property Developments Limited and its Director for our work, or for this report.
It is your duty to ensure that Overhaul Property Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Overhaul Property Developments Limited. You consider that Overhaul Property Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Overhaul Property Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
David Jarman Accountants
31 West Buildings
Worthing
West Sussex
BN11 3BS
England
Date: 28 November 2025
1
Company registration number: 08593340
Overhaul Property Developments Limited
Balance sheet
as at 30 June 2025
30 Jun 25 30 Jun 24
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 16,963 22,617
16,963 22,617
Current assets
Stocks 200 200
Debtors 1,636 445
Cash at bank and in hand 149,416 111,780
151,252 112,425
Creditors: amounts falling due within one
year 		(83,267) (54,329)
Net current assets 67,985 58,096
Total assets less current liabilities 84,948 80,713
Provisions for liabilities (3,513) (3,622)
NET ASSETS 81,435 77,091
Capital and reserves
Called up share capital 2 2
Profit and loss account 81,433 77,089
TOTAL EQUITY 81,435 77,091
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 08593340
Overhaul Property Developments Limited
Balance sheet - continued
as at 30 June 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr N Bylett, Director
28 November 2025
3
Overhaul Property Developments Limited
Notes to the financial statements
for the year ended 30 June 2025
1 Company information
Overhaul Property Developments Limited is a private company registered in England and Wales. Its registered number is 08593340. The company is limited by shares. Its registered office is 6 St. Johns Close, Goring By-Sea, Worthing, West Sussex, BN12 4HX.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
4
Overhaul Property Developments Limited
Notes to the financial statements - continued
for the year ended 30 June 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 July 2024 21,000
At 30 June 2025 21,000
5
Overhaul Property Developments Limited
Notes to the financial statements - continued
for the year ended 30 June 2025
4 Intangible assets - continued
Amortisation
At 1 July 2024 21,000
At 30 June 2025 21,000
Net book value
At 30 June 2025 -
At 30 June 2024 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2024 51,018
At 30 June 2025 51,018
Depreciation
At 1 July 2024 28,401
Charge for year 5,654
At 30 June 2025 34,055
Net book value
At 30 June 2025 16,963
At 30 June 2024 22,617
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