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
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
OILBRIDGE PROPERTIES LTD
Statement of financial position
as at 30 July 2025
Investment property
1,991,000
Cash at bank and in hand
16,578
Creditors: amounts falling due within one year
(565,788)
Net current liabilities
(549,210)
Total assets less current liabilities
1,441,790
Creditors: amounts falling due after more than one year
(1,482,000)
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
OILBRIDGE PROPERTIES LTD
Notes to the Accounts
for the period from 1 August 2024 to 30 July 2025
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.
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 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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
There are no indications that the company is not a going concern.
Fair value at 1 August 2024
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
The amount reflects the total amount of third-party funds received with Finance providers.
OILBRIDGE PROPERTIES LTD
Notes to the Accounts
for the period from 1 August 2024 to 30 July 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.