Long O Donnell Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10526427 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

LONG O DONNELL PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J O'Donnell

SECRETARY:

Mrs F C O'Donnell

REGISTERED OFFICE:

1st Floor

4 Jordan Street

Manchester

M15 4PY

REGISTERED NUMBER:

10526427 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

FIXED ASSETS

Investment property

4

577,500

550,000

CURRENT ASSETS

Debtors

5

13,528

16,410

Cash at bank

7,131

11,000

20,659

27,410

CREDITORS

Amounts falling due within one year

6

36,445

37,597

NET CURRENT LIABILITIES

(15,786

)

(10,187

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

561,714

539,813

CREDITORS

Amounts falling due after more than one year

7

(348,136

)

(348,166

)

PROVISIONS FOR LIABILITIES

9

(47,961

)

(41,250

)

NET ASSETS

165,617

150,397

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

11

165,607

150,387

SHAREHOLDERS' FUNDS

165,617

150,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

T J O'Donnell - Director

1.	STATUTORY INFORMATION

Long O Donnell Properties Limited 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.

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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

550,000

Revaluations

27,500

At 31 August 2025

577,500

NET BOOK VALUE

At 31 August 2025

577,500

At 31 August 2024

550,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2021

115,000

Valuation in 2022

50,000

Valuation in 2025

27,500

Cost

385,000

577,500

If investment property had not been revalued it would have been included at the following historical cost:

31.8.25

31.8.24

£

Cost

385,000

Investment property was valued on an open market basis on 31 August 2025 by the director .

5.

DEBTORS

31.8.25

31.8.24

£

Amounts falling due within one year:

Other debtors

1,400

Related undertaking

10,966

-

Tax

1,152

-

Called up share capital not paid

10

13,528

1,410

Amounts falling due after more than one year:

Other debtors

-

15,000

Aggregate amounts

13,528

16,410

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade creditors

(1

)

(1

)

Tax

-

1,152

Other creditors

1,400

Directors' current accounts

33,996

Accruals and deferred income

1,050

36,445

37,597

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Bank loans more 5 yrs non-inst

347,513

Accruals and deferred income

623

653

348,136

348,166

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

347,513

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

Bank loans

347,513

The bank loan is secured by way of a legal charge over the property included in investment properties.

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

47,961

41,250

Deferred

tax

£

Balance at 1 September 2024

41,250

Property revaluation

6,711

Balance at 31 August 2025

47,961

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

10

Share capital 1

£1

10

11.

RESERVES

Retained

earnings

£

At 1 September 2024

150,387

Profit for the year

15,220

At 31 August 2025

165,607

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year Mr & Mrs O'Donnell agreed to act as guarantors for the bank loan.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is T J O'Donnell.