REGISTERED NUMBER: 11473362 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

OUTSTANDING PROPERTY LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Cameron

REGISTERED OFFICE:

4 Clarence Street

Ulverston

Cumbria

LA12 7JJ

REGISTERED NUMBER:

11473362 (England and Wales)

BANKERS:

Barclays Bank plc

Leicester

LE87 2BB

FIXED ASSETS

Investment property

4

657,473

380,000

CURRENT ASSETS

Cash at bank

65,523

58,806

CREDITORS

Amounts falling due within one year

38,883

30,105

NET CURRENT ASSETS

26,640

28,701

TOTAL ASSETS LESS CURRENT LIABILITIES

684,113

408,701

CREDITORS

Amounts falling due after more than one year

590,806

320,000

NET ASSETS

93,307

88,701

CAPITAL AND RESERVES

Called up share capital

6

100

100

Revaluation reserve

144,686

144,686

Retained earnings

(51,479

)

(56,085

)

SHAREHOLDERS' FUNDS

93,307

88,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2026 and were signed by:

Mr M Cameron - Director

1.	STATUTORY INFORMATION

Outstanding Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The turnover and profit before taxation are attributable to the one principal activity of the company.

Investment property

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at a mix of open market value and cost, evaluated annually by the director Mr M Cameron. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2024

380,000

Additions

277,473

At 31 July 2025

657,473

NET BOOK VALUE

At 31 July 2025

657,473

At 31 July 2024

380,000

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Mortgage

270,806

-

Kensington Mortgage Company Limited holds a fixed charge over the property 79 Hartington Street in the form of a mortgage

Paragon Bank Plc hold a fixed and negative pledge over the property 19 Rawlinson Street in the form of a mortgage

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES

At 31st July 2025 Mr M Cameron, a director of the company, had on an unsecured advanced £351,613 (2024: £344,406) to the company, of this amount £320,000 is of a longer term nature and will not be withdrawn within 12 months of the balance sheet date.

The company was charged to 31st July 2025 £6,000 (2024:£6,000) interest on the advance.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Cameron.