REGISTERED NUMBER: 02156907 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ODSEY PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J K Fordham MA

C H C Fordham

S S Fordham

L Butcher

R P Fordham

Mrs A N Denehy

SECRETARY:

L Butcher

REGISTERED OFFICE:

Estate Office

Odsey Park

Ashwell

Baldock

Hertfordshire

SG7 6SD

REGISTERED NUMBER:

02156907 (England and Wales)

ACCOUNTANTS:

Trevor Jones & Partners Ltd

Unit 14

Hoddesdon Enterprise Centre

Pindar Road

Hoddesdon

Hertfordshire

EN11 0FJ

CURRENT ASSETS

Debtors: amounts falling due within one year

4

-

30

Debtors: amounts falling due after more than one year

4

99,705

92,705

Cash at bank

41,542

396

141,247

93,131

CREDITORS

Amounts falling due within one year

5

68,343

69,032

NET CURRENT ASSETS

72,904

24,099

TOTAL ASSETS LESS CURRENT LIABILITIES

72,904

24,099

CREDITORS

Amounts falling due after more than one year

6

650,148

604,420

NET LIABILITIES

(577,244

)

(580,321

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(577,344

)

(580,421

)

SHAREHOLDERS' FUNDS

(577,244

)

(580,321

)

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 directors acknowledge their 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 Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

C H C Fordham - Director

1.	STATUTORY INFORMATION

Odsey Properties 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.

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.

Turnover

Turnover represents rent and property income.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

VAT

-

30

Amounts falling due after more than one year:

Accumulated rent charged to FFP

99,705

92,705

Aggregate amounts

99,705

92,735

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2,215

Tax

722

-

Project Capital from FFP 1

23,078

23,078

Project Capital from FFP 2

16,468

14,538

Project Capital from LB

14,500

14,500

Project Capital from AND

12,500

12,500

Accrued expenses

1,075

2,201

68,343

69,032

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors` loan accounts

650,148

604,420

Directors` loans consist of £650,148 (2024 - £604,420 ) Due to C.H.C. Fordham £601,124 (2024 - £550,395) due to C.J.K. Fordham and £49,025 (2024 - £54,025).

These other loans and the directors` loans are unsecured, interest free and there are no fixed repayment dates. The loan holders, however, have agreed that they will neither withdraw their support within a year of approval of the accounts nor demand repayment until the company makes sufficient profits to enable repayments to be made.

7.	RELATED PARTY DISCLOSURES

During the year the company earned rent of £7,000 (2024 - £7,000) from Fordham Farming Partnership on a normal commercial basis. The company directors are partners in Fordham Farming Partnership.

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party

9.	GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis may not be appropriate because the company had a balance sheet deficit of £577,344 at 31 March 2025. The directors have already committed substantial sums of money to the company and have undertaken to continue to support the company so that, together with the bank facilities available, the company is able to meet its liabilities as they fall due and to carry on its business without a significant curtailment of operations.

Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify long term liabilities as current liabilities.