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Registration number: 00974243

Osprey Developments Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Osprey Developments Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 9

Osprey Developments Limited

(Registration number: 00974243)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,223,648 | 1,181,612
Other financial assets | 5 | 13 | -
|  | 1,223,661 | 1,181,612
Current assets |  |  |
Debtors | 6 | 365,254 | 280,483
Other financial assets | 5 | 88,685 | -
Cash at bank and in hand |  | 32,327 | 7,811
|  | 486,266 | 288,294
Creditors: Amounts falling due within one year | 7 | (856,202) | (614,105)
Net current liabilities |  | (369,936) | (325,811)
Total assets less current liabilities |  | 853,725 | 855,801
Creditors: Amounts falling due after more than one year | 7 | (145,902) | (266,058)
Net assets |  | 707,823 | 589,743
Capital and reserves |  |  |
Called up share capital |  | 1,600,000 | 1,600,000
Retained earnings |  | (892,177) | (1,010,257)
Shareholders' funds |  | 707,823 | 589,743

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2026 and signed on its behalf by:

W H Stockley Director |  |

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Unit 4 Avon Gorge Industrial Estate
Portview Road
Bristol
BS11 9LQ

These financial statements were authorised for issue by the Board on 17 April 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the company retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the company's activities.
The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and Buildings | Not depreciated as they are maintained at a high level and the market value of the buildings is in excess of the cost.
Fixtures, fittings and equipment | 15 - 25% straight line
Plant and machinery | 5 - 10 years straight line
Motor vehicles | 4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Other financial assets
Other financial assets, including investments in equity instruments that are not subsidiaries, associates or joint ventures, are initially carried at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value, with changes in fair value recognised in profit or loss. Investments in equity instruments that are not publicly traded and whose fair value cannot be measured reliably are measured at cost less impairment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 12 (2024 - 11).

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Land and buildings £ | Fixtures, fittings and equipment £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 526,500 | 117,793 | 2,546,376 | 29,819 | 3,220,488
Additions | - | 1,652 | 161,797 | - | 163,449
At 31 December 2025 | 526,500 | 119,445 | 2,708,173 | 29,819 | 3,383,937
Depreciation
At 1 January 2025 | - | 102,933 | 1,921,933 | 14,010 | 2,038,876
Charge for the year | - | 4,335 | 112,086 | 4,992 | 121,413
At 31 December 2025 | - | 107,268 | 2,034,019 | 19,002 | 2,160,289
Carrying amount
At 31 December 2025 | 526,500 | 12,177 | 674,154 | 10,817 | 1,223,648
At 31 December 2024 | 526,500 | 14,860 | 624,443 | 15,809 | 1,181,612

5 | Other financial assets

| Financial assets at fair value through profit and loss £ | Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
Fair value adjustments | 685 | - | 685
Additions | 88,000 | 13 | 88,013
At 31 December 2025 | 88,685 | 13 | 88,698
Carrying amount
At 31 December 2025 | 88,685 | 13 | 88,698

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 339,029 | 253,793
Amounts owed by related parties | 9 | 22,534 | 25,346
Prepayments |  | 3,691 | 1,344
|  | 365,254 | 280,483

7 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Bank loans and borrowings |  | 8,272 | 13,851
Trade creditors |  | 432,826 | 363,324
Amounts due to related parties | 9 | 113,526 | 114,754
Social security and other taxes |  | 65,658 | 58,296
Other creditors |  | 33,275 | 15,088
Accruals |  | 102,645 | 48,792
Other financial liabilities |  | 100,000 | -
|  | 856,202 | 614,105
Due after one year |  |  |
Bank loans and borrowings |  | 10,160 | 18,432
Other financial liabilities |  | 135,742 | 247,626
|  | 145,902 | 266,058

The bank overdraft is secured by personal guarantee of the director, a fixed charge over Unit 5 Avon Gorge Industrial Estate, a fixed charge on all book and other debts and a floating charge over all undertakings and assets.

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £16,079 (2024 - £45,315).

Amounts disclosed in the balance sheet

Included in the balance sheet are outstanding pension contributions of £3,550 (2024 - £3,375).

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9 | Related party transactions

Expenditure with and payables to related parties

2025 | Other related parties £
Rendering of services | 36,000

2024

Loans to related parties

2025 | Other related parties £ | Total £
At start of period | 25,346 | 25,346
Repaid | (2,812) | (2,812)
At end of period | 22,534 | 22,534

2024 | Other related parties £ | Total £
At start of period | 39,211 | 39,211
Repaid | (13,865) | (13,865)
At end of period | 25,346 | 25,346

Terms of loans to related parties

Loans to other related parties are interest free and repayable on demand.

Osprey Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Loans from related parties

2025 | Key management £ | Total £
At start of period | 114,754 | 114,754
Repaid | (1,228) | (1,228)
At end of period | 113,526 | 113,526

2024 | Key management £ | Total £
At start of period | 197,478 | 197,478
Advanced | 15,448 | 15,448
Repaid | (98,172) | (98,172)
At end of period | 114,754 | 114,754

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.