Company No: 02024616 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mary Elizabeth O'Donnell
	Seamus O'Donnell

SECRETARY

Mary Elizabeth O'Donnell

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

02024616 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	177		208
Investment property	4	790,000		790,000
		790,177		790,208
Current assets
Debtors	5	0		25,000
Cash at bank and in hand		231,335		202,674
		231,335		227,674
Creditors: amounts falling due within one year	6	( 41,071)		( 39,076)
Net current assets		190,264		188,598
Total assets less current liabilities		980,441		978,806
Provision for liabilities	7	( 131,073)		( 131,073)
Net assets		849,368		847,733
Capital and reserves
Called-up share capital		2		2
Other reserves		494,402		494,402
Profit and loss account		354,964		353,329
Total shareholders' funds		849,368		847,733

For the financial year ending 31 March 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 financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of S O'Donnell Developments Ltd (registered number: 02024616) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Seamus O'Donnell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S O'Donnell Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover represents rental income receivable during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the income statement.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

The fair value is determined by the directors with the benefit of professional external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any differences in the nature or location of the specified asset.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2024	4,551		4,551
At 31 March 2025	4,551		4,551
Accumulated depreciation
At 01 April 2024	4,343		4,343
Charge for the financial year	31		31
At 31 March 2025	4,374		4,374
Net book value
At 31 March 2025	177		177
At 31 March 2024	208		208

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	790,000
As at 31 March 2025	790,000

The fair value of investment properties at the reporting date was based on a valuation carried out by S O'Donnell, a director of the company. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location, together with a review of property rental yields. No depreciation is provided in respect of these properties.

On a historical cost basis the investment properties would have been included at an original cost of £164,525 (2024 - £164,525).

5. Debtors

	2025		2024
	£		£
Other debtors	0		25,000

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Corporation tax	6,489		5,039
Other creditors	34,582		34,037
	41,071		39,076

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	131,073		131,073