1 August 2024 false No description of principal activity Taxfiler 2024.6 true 12756659 business:PrivateLimitedCompanyLtd 2024-08-01 2025-07-30 12756659 2024-07-31 12756659 2024-08-01 2025-07-30 12756659 business:AuditExemptWithAccountantsReport 2024-08-01 2025-07-30 12756659 business:FilletedAccounts 2024-08-01 2025-07-30 12756659 2025-07-30 12756659 business:Director1 2024-08-01 2025-07-30 12756659 business:RegisteredOffice 2024-08-01 2025-07-30 12756659 core:WithinOneYear 2025-07-30 12756659 core:AfterOneYear 2025-07-30 12756659 core:ShareCapital core:PreviouslyStatedAmount 2025-07-30 12756659 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-07-30 12756659 core:PreviouslyStatedAmount 2025-07-30 12756659 business:SmallEntities 2024-08-01 2025-07-30 12756659 countries:EnglandWales 2024-08-01 2025-07-30 12756659 core:AfterOneYear 2024-08-01 2025-07-30 12756659 business:OrdinaryShareClass1 2024-08-01 2025-07-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12756659 (England and Wales)
OILBRIDGE PROPERTIES LTD Management Accounts for Four Months - January 2025 - April 2025 for the period from 1 August 2024 to 30 July 2025
OILBRIDGE PROPERTIES LTD Management Accounts for Four Months - January 2025 - April 2025 Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
OILBRIDGE PROPERTIES LTD Company Information for the period from 1 August 2024 to 30 July 2025
Director
ODUSANYA, Oluwatoni Babafemi
Company Number
12756659 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Wrights Consulting Ltd 14 Dovedale Road Dartford Kent DA2 6JJ
- 3 -
OILBRIDGE PROPERTIES LTD Statement of financial position as at 30 July 2025
2025
Notes
£
Fixed assets
Investment property
4
1,991,000
Current assets
Cash at bank and in hand
16,578
Creditors: amounts falling due within one year
5
(565,788)
Net current liabilities
(549,210)
Total assets less current liabilities
1,441,790
Creditors: amounts falling due after more than one year
6
(1,482,000)
Net liabilities
(40,210)
Capital and reserves
Called up share capital
7
1
Profit and loss account
(40,211)
Shareholders' funds
(40,210)
For the period ending 30 July 2025 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 his 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 30 April 2025 and were signed on its behalf by
ODUSANYA, Oluwatoni Babafemi Director Company Registration No. 12756659
- 4 -
OILBRIDGE PROPERTIES LTD Notes to the Accounts for the period from 1 August 2024 to 30 July 2025
1
Statutory information
OILBRIDGE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12756659. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Basis of Preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Going concern
There are no indications that the company is not a going concern.
4
Investment property
2025
£
Fair value at 1 August 2024
1,991,000
At 30 July 2025
1,991,000
The amount relates to total cost of the investment properties the business invested in.
5
Creditors: amounts falling due within one year
2025
£
Loans from directors
565,788
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans
1,482,000
The amount reflects the total amount of third-party funds received with Finance providers.
- 5 -
OILBRIDGE PROPERTIES LTD Notes to the Accounts for the period from 1 August 2024 to 30 July 2025
7
Share capital
2025
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the period the average number of employees was 0.
- 6 -