REGISTERED NUMBER: 04908032 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Otterburn Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Owen

E J Pringle

SECRETARY:

N Owen

REGISTERED OFFICE:

Otterburn Mill

Otterburn

Northumberland

NE19 1JT

REGISTERED NUMBER:

04908032 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

788,196

800,246

CURRENT ASSETS

Debtors

5

107,421

2,944

Cash at bank

581

213

108,002

3,157

CREDITORS

Amounts falling due within one year

6

179,377

270,773

NET CURRENT LIABILITIES

(71,375

)

(267,616

)

TOTAL ASSETS LESS CURRENT LIABILITIES

716,821

532,630

CREDITORS

Amounts falling due after more than one year

7

(401,599

)

(180,013

)

PROVISIONS FOR LIABILITIES

(3,333

)

(3,333

)

NET ASSETS

311,889

349,284

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

286,903

286,903

Retained earnings

23,986

61,381

311,889

349,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 December 2025 and were signed on its behalf by:

E J Pringle - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost

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 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

894,750

15,874

910,624

Additions

3,230

-

3,230

At 31 December 2024

897,980

15,874

913,854

DEPRECIATION

At 1 January 2024

94,504

15,874

110,378

Charge for year

15,280

-

15,280

At 31 December 2024

109,784

15,874

125,658

NET BOOK VALUE

At 31 December 2024

788,196

-

788,196

At 31 December 2023

800,246

-

800,246

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

93,288

-

Other debtors

14,133

2,944

107,421

2,944

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

12,529

17,753

Trade creditors

2,146

11,432

Amounts owed to group undertakings

45,692

239,338

Other creditors

119,010

2,250

179,377

270,773

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

401,599

180,013

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

353,813

108,999

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

414,128

-

Other loans

117,260

-

531,388

-

The bank and other loans are secured by a fixed charge over the freehold properties along with a cross guarantee from other group companies.

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

286,903