Company Registration No. 11561422 (England and Wales)
OFILI PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 December 2024
OFILI PROPERTIES LIMITED
Unaudited accounts
Contents
OFILI PROPERTIES LIMITED
Company Information
for the year ended 31 December 2024
Company Number
11561422 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET
FIRST FLOOR
LONDON
W1W 7LT
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
OFILI PROPERTIES LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
3,019
3,774
Investment property
72,859
65,000
Cash at bank and in hand
40
-
Creditors: amounts falling due within one year
(135,000)
(115,375)
Net current liabilities
(134,960)
(115,375)
Total assets less current liabilities
(59,082)
(46,601)
Creditors: amounts falling due after more than one year
(38,195)
(37,402)
Net liabilities
(97,277)
(84,003)
Called up share capital
1,000
1,000
Profit and loss account
(98,277)
(85,003)
Shareholders' funds
(97,277)
(84,003)
For the year ending 31 December 2024 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 director acknowledges her 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 and authorised for issue on 6 January 2026 and were signed on its behalf by
Nwanne Ofili
Director
Company Registration No. 11561422
OFILI PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
OFILI PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11561422. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, 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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance method
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
OFILI PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2024
65,000
At 31 December 2024
72,859
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
6,755
Other creditors
103,009
93,702
Loans from directors
31,752
14,739
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).