Company Registration No. 15539338 (England and Wales)
Oraefi Limited
Unaudited accounts
for the period from 4 March 2024 to 31 March 2025
Oraefi Limited
Unaudited accounts
Contents
Oraefi Limited
Company Information
for the period from 4 March 2024 to 31 March 2025
Directors
Leonie-Jane Venables
Luke Oliver Joseph Venables
Company Number
15539338 (England and Wales)
Registered Office
228 Bellenden Road
London
SE15 4BY
England
Accountants
Abacus Accounting Technicians Limited
Unit 10 Southbrook Mews
Southbrook Road
London
SE12 8LG
Oraefi Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
10,654
Creditors: amounts falling due within one year
(21,502)
Net current assets
493,087
Total assets less current liabilities
493,087
Creditors: amounts falling due after more than one year
(495,278)
Called up share capital
10
Profit and loss account
(2,201)
Shareholders' funds
(2,191)
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by
Leonie-Jane Venables
Director
Company Registration No. 15539338
Oraefi Limited
Notes to the Accounts
for the period from 4 March 2024 to 31 March 2025
Oraefi Limited is a private company, limited by shares, registered in England and Wales, registration number 15539338. The registered office is 228 Bellenden Road, London, SE15 4BY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis. The directors have considered the company’s cash resources, funding commitments, and the expected financial requirements associated with the refurbishment and future use of the company’s property. The company is supported by its directors/shareholders, who have indicated their willingness to continue to provide financial support for at least twelve months from the date of approval of the financial statements.
On this basis, the directors consider that the company will continue to meet its liabilities as they fall due for the foreseeable future and therefore the going concern basis remains appropriate.
Inventories are stated at the lower of cost and net realisable value.
Work-in-Progress
Work-in-Progress (WIP) represents costs incurred on property development projects prior to completion and sale. The cost of WIP includes:
Purchase price of the development property, including directly attributable acquisition costs such as legal fees and stamp duty.
Direct development costs, including materials, subcontractor charges, professional fees and other expenditure directly relating to the development of the property.
Directly attributable borrowing costs, being interest incurred on loans used to finance the acquisition and development of the property, capitalised until the property is ready for sale.
WIP is carried at cost unless this exceeds net realisable value, in which case a write-down is recognised.
Net Realisable Value
Net realisable value represents the estimated selling price of the completed property, less all estimated costs of completion and costs necessary to make the sale.
Oraefi Limited
Notes to the Accounts
for the period from 4 March 2024 to 31 March 2025
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2025
6
Creditors: amounts falling due after more than one year
2025
Loans from directors
234,628
7
Average number of employees
During the period the average number of employees was 0.