Ovingdowns Limited

Ovingdowns Limited
Directors' Report
For the year ended 30 April 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 30 April 2025

Principal activities

The companys principal activity during the year was the investment in property.

Directors

The directors who served the company throughout the year were as follows:

P M Kelly

A W Kelly

Statement of directors' responsibilities

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 (1a) and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
-select suitable accounting policies and then apply them consistently
-make judgements and estimates that are reasonable and prudent
-state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf by:

----------------------------------
A W Kelly
Director

----------------------------------
P M Kelly
Director

Date approved: 10 November 2025

Ovingdowns Limited Accountants' Report For the year ended 30 April 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ovingdowns Limited for the year ended 30 April 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ovingdowns Limited for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of Ovingdowns Limited , as a body, in accordance with the terms of our engagement letter dated 10 November 2025. Our work has been undertaken solely to prepare for your approval the accounts of Ovingdowns Limited and state those matters that we have agreed to state to the Board of Directors of Ovingdowns Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ovingdowns Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Ovingdowns 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 Ovingdowns Limited . You consider that Ovingdowns 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 Ovingdowns 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 accounts Marcus Gooch Kimber William & Co Ltd Unit 8 (GF) Magellan Terrace Gatwick Road Gatwick RH10 9PJ 10 November 2025 3

Ovingdowns Limited
Accountants' Report
For the year ended 30 April 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ovingdowns Limited for the year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ovingdowns Limited for the year ended 30 April 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Ovingdowns Limited , as a body, in accordance with the terms of our engagement letter dated 10 November 2025. Our work has been undertaken solely to prepare for your approval the accounts of Ovingdowns Limited and state those matters that we have agreed to state to the Board of Directors of Ovingdowns Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ovingdowns Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ovingdowns 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 Ovingdowns Limited . You consider that Ovingdowns 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 Ovingdowns 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 accounts

Marcus Gooch
Kimber William & Co Ltd
Unit 8 (GF) Magellan Terrace
Gatwick Road
Gatwick
RH10 9PJ
10 November 2025

Ovingdowns Limited
Statement of Financial Position
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	468,295	464,237
		468,295	464,237
Current assets
Debtors	4	886	1,789
Cash at bank and in hand		2,167	9,135
		3,053	10,924
Creditors: amount falling due within one year	5	(161,999)	0
Net current assets		(158,946)	10,924

Total assets less current liabilities		309,349	475,161
Creditors: amount falling due after more than one year	6	(308,980)	(471,180)
Provisions for liabilities	7	(3,864)	(3,217)
Net assets		(3,495)	764

Capital and reserves
Called up share capital		100	100
Revaluation Reserves	8	9,521	9,521
Profit and loss account		(13,116)	(8,857)
Shareholders' funds		(3,495)	764

For the year ended 30 April 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 10 November 2025 and were signed on its behalf by:

-------------------------------
A W Kelly
Director

-------------------------------
P M Kelly
Director

Ovingdowns Limited
Notes to the Financial Statements
For the year ended 30 April 2025

General Information

Ovingdowns Limited is a private company, limited by shares, registered in England and Wales, registration number 13337838, registration address Unit 8 (GF) Magellan Terrace, Gatwick Road, Gatwick, RH10 9PJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover represents rents receivable, is measured net of VAT, and is recognised based on the period it relates to.

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 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 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.

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

4 Straight Line

Investment properties

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Investment properties	Total
	£	£	£
At 01 May 2024	9,952	460,000	469,952
Additions	-	5,534	5,534
Disposals	-	-	-
At 30 April 2025	9,952	465,534	475,486
Depreciation
At 01 May 2024	5,715	-	5,715
Charge for year	1,476	-	1,476
On disposals	-	-	-
At 30 April 2025	7,191	-	7,191
Net book values
Closing balance as at 30 April 2025	2,761	465,534	468,295
Opening balance as at 01 May 2024	4,237	460,000	464,237

Debtors: amounts falling due within one year

	2025 £		2024 £
Trade Debtors	886		1,789
	886		1,789

Creditors: amount falling due within one year

	2025 £		2024 £
Accrued Expenses	399		0
Directors' Current Accounts	161,600		0
	161,999		0

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts (secured)	308,980	308,980
Directors' Loan Accounts	0	162,200
	308,980	471,180

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	3,864		3,217
	3,864		3,217

Revaluation Reserves

	2025 £		2024 £
Revaluation Reserve b/fwd	9,521		9,521
	9,521		9,521

9.	Ultimate Controlling Party The controlling party is Mr P M Kelly and Mrs A W Kelly. This was by virtue of their 100% holding of the issued share capital.

Registered Number: 13337838
England and Wales
OVINGDOWNS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 May 2024 End date: 30 April 2025