Omega Properties Kent (UK) Limited 15704968 false 2024-05-07 2025-05-31 2025-05-31 The principal activity of the company is 68209 - Other Letting and operating of owned or leased Real estate Digita Accounts Production Advanced 6.30.9574.0 true 15704968 2024-05-07 2025-05-31 15704968 2025-05-31 15704968 core:CurrentFinancialInstruments 2025-05-31 15704968 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 15704968 core:Non-currentFinancialInstruments 2025-05-31 15704968 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 15704968 bus:SmallEntities 2024-05-07 2025-05-31 15704968 bus:AuditExemptWithAccountantsReport 2024-05-07 2025-05-31 15704968 bus:FilletedAccounts 2024-05-07 2025-05-31 15704968 bus:SmallCompaniesRegimeForAccounts 2024-05-07 2025-05-31 15704968 bus:RegisteredOffice 2024-05-07 2025-05-31 15704968 bus:Director1 2024-05-07 2025-05-31 15704968 bus:PrivateLimitedCompanyLtd 2024-05-07 2025-05-31 15704968 countries:EnglandWales 2024-05-07 2025-05-31 iso4217:GBP xbrli:pure

Registration number: 15704968

Omega Properties Kent (UK) Limited
Annual Report and Unaudited Financial Statements
for the Period from 7 May 2024 to 31 May 2025

Omega Properties Kent (UK) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Omega Properties Kent (UK) Limited

Company Information

Director | Mrs J A Wing

Registered office | Merlin House Merlin Way Manston Kent CT12 5FE

Accountants | Rotherham Taylor Limited 21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

Omega Properties Kent (UK) Limited

(Registration number: 15704968)
Balance Sheet as at 31 May 2025

| Note | 2025 £
Fixed assets |  |
Investment property | 4 | 6,906,668
Current assets |  |
Cash at bank and in hand |  | 228,429
Creditors: Amounts falling due within one year | 5 | (5,037,793)
Net current liabilities |  | (4,809,364)
Total assets less current liabilities |  | 2,097,304
Creditors: Amounts falling due after more than one year | 5 | (2,096,079)
Net assets |  | 1,225
Capital and reserves |  |
Called up share capital |  | 1
Retained earnings |  | 1,224
Shareholders' funds |  | 1,225

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 February 2026

......................................... Mrs J A Wing Director |  |

Omega Properties Kent (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 7 May 2024 to 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Merlin House
Merlin Way
Manston
Kent
CT12 5FE

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when The amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is measured at cost on initial purchase. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in profit or loss.

Omega Properties Kent (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 7 May 2024 to 31 May 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Omega Properties Kent (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 7 May 2024 to 31 May 2025

4 | Investment properties

| 2025 £
Additions | 6,906,668
At 31 May | 6,906,668

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 6 | 4,770,932
Trade creditors |  | 3,320
Taxation and social security |  | 3,555
Accruals and deferred income |  | 1,500
Other creditors |  | 258,486
|  | 5,037,793

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 6 | 2,096,079

6 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Bank borrowings | 2,096,079

Bank loans are secured against the company's investment property

Current loans and borrowings

| 2025 £
Bank borrowings | 30,282
Director's loan account | 4,740,650
| 4,770,932

The director's loan account is non-interest bearing and has no formal repayment terms.