OTHELLO INVESTMENT PROPERTIES LTD

OTHELLO INVESTMENT PROPERTIES LTD
Contents Page
For the year ended 31 March 2026

Company Information	1
Directors' Report	2
Accountants' Report	3
Income Statement	4
Statement of Financial Position	5
Notes to the Financial Statements	6
Statement of Changes in Equity	7

OTHELLO INVESTMENT PROPERTIES LTD
Company Information
For the year ended 31 March 2026

Directors	Adedamola Oluseye SALAKO Oluwatosin Abosede SALAKO
Registered Number	15599560
Registered Office	7 Oakley Rise, Wilstead, Bedford, England, Bedfordshire MK45 3FD
Accountants	Oak group accounting services 62 Cleveland Way, Stevenage SG1 6BZ Great Ashby Stevenage Hertfordshire SG1 6BZ
Bankers	Tide Bank 4th Floor The Featherstone Building, 66 City Road, London, EC1Y 2AL

1

OTHELLO INVESTMENT PROPERTIES LTD
Directors' Report
For the year ended 31 March 2026

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 March 2026.

Principal activities

The principal activity of the company is the acquisition, management, and investment in residential real estate properties. The company's operations include: the purchase, letting, and development of residential properties to generate rental income and long-term capital growth.

Directors

The directors who served the company throughout the year were as follows:

Adedamola Oluseye SALAKO

Oluwatosin Abosede SALAKO

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Adedamola Oluseye SALAKO
Director

Date approved: 07 July 2026

2

OTHELLO INVESTMENT PROPERTIES LTD Accountants' Report For the year ended 31 March 2026
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts OTHELLO INVESTMENT PROPERTIES LTD for the year ended 31 March 2026. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of OTHELLO INVESTMENT PROPERTIES LTD for the year ended 31 March 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com. This report is made solely to the Board of Directors of OTHELLO INVESTMENT PROPERTIES LTD , as a body, in accordance with the terms of our engagement letter dated 07 July 2026. Our work has been undertaken solely to prepare for your approval the accounts of OTHELLO INVESTMENT PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of OTHELLO INVESTMENT PROPERTIES LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OTHELLO INVESTMENT PROPERTIES LTD and its Board of Directors as a body for our work or for this report. It is your duty to ensure that OTHELLO INVESTMENT PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit OTHELLO INVESTMENT PROPERTIES LTD. You consider that OTHELLO INVESTMENT PROPERTIES LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of OTHELLO INVESTMENT PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... Oak group accounting services 62 Cleveland Way, Stevenage SG1 6BZ Great Ashby Stevenage Hertfordshire SG1 6BZ 07 July 2026 3

OTHELLO INVESTMENT PROPERTIES LTD
Accountants' Report
For the year ended 31 March 2026

Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts OTHELLO INVESTMENT PROPERTIES LTD for the year ended 31 March 2026.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of OTHELLO INVESTMENT PROPERTIES LTD for the year ended 31 March 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of OTHELLO INVESTMENT PROPERTIES LTD , as a body, in accordance with the terms of our engagement letter dated 07 July 2026. Our work has been undertaken solely to prepare for your approval the accounts of OTHELLO INVESTMENT PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of OTHELLO INVESTMENT PROPERTIES LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OTHELLO INVESTMENT PROPERTIES LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that OTHELLO INVESTMENT PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit OTHELLO INVESTMENT PROPERTIES LTD. You consider that OTHELLO INVESTMENT PROPERTIES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of OTHELLO INVESTMENT PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................
Oak group accounting services
62 Cleveland Way, Stevenage SG1 6BZ
Great Ashby
Stevenage
Hertfordshire
SG1 6BZ
07 July 2026

3

OTHELLO INVESTMENT PROPERTIES LTD
Income Statement
For the year ended 31 March 2026

	2026 £	2025 £
Turnover	15,480	3,880
Cost of sales	(2,420)	0
Gross profit	13,060	3,880
Administrative expenses	(3,574)	(3,452)
Operating profit	9,486	428
Interest payable and similar charges	(11,246)	(2,854)
Profit/(Loss) on ordinary activities before taxation	(1,760)	(2,426)
Tax on profit on ordinary activities	0	0
Profit/(Loss) for the financial year	(1,760)	(2,426)

4

OTHELLO INVESTMENT PROPERTIES LTD
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	240,854	240,775
		240,854	240,775
Current assets
Cash at bank and in hand		1,576	2,689
Creditors: amount falling due within one year	4	(74,134)	(73,408)
Net current assets		(72,558)	(70,719)

Total assets less current liabilities		168,296	170,056
Creditors: amount falling due after more than one year	5	(172,480)	(172,480)
Net assets		(4,184)	(2,424)

Capital and reserves
Called up share capital		2	2
Profit and loss account		(4,186)	(2,426)
Shareholders' funds		(4,184)	(2,424)

For the year ended 31 March 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 07 July 2026 and were signed on its behalf by:

-------------------------------
Adedamola Oluseye SALAKO
Director

5

OTHELLO INVESTMENT PROPERTIES LTD
Statement of Changes in Equity
For the year ended 31 March 2026

	Equity share capital	Retained Earnings	Total
	£	£	£
At 28 March 2024	2		2
Profit/(Loss) for the year		(2,426)	(2,426)
Total comprehensive income for the year	-	(2,426)	(2,426)
Total investments by and distributions to owners	-	-	-
At 31 March 2025	2	(2,426)	(2,424)
At 01 April 2025	2	(2,426)	(2,424)
Profit/(Loss) for the year		(1,760)	(1,760)
Total comprehensive income for the year	-	(1,760)	(1,760)
Total investments by and distributions to owners	-	-	-
At 31 March 2026	2	(4,186)	(4,184)

6

OTHELLO INVESTMENT PROPERTIES LTD
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

OTHELLO INVESTMENT PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 15599560, registration address 7 Oakley Rise,, Wilstead,, Bedford, England,, Bedfordshire, MK45 3FD.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Office Equipment

5 Straight Line

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 0).

3.

Tangible fixed assets

Cost or valuation	Office Equipment	Investment properties	Total
	£	£	£
At 01 April 2025	-	240,775	240,775
Additions	119	-	119
Disposals	-	-	-
At 31 March 2026	119	240,775	240,894
Depreciation
At 01 April 2025	40	-	40
Charge for year	-	-	-
On disposals	-	-	-
At 31 March 2026	40	-	40
Net book values
Closing balance as at 31 March 2026	79	240,775	240,854
Opening balance as at 01 April 2025	-	240,775	240,775

4.

Creditors: amount falling due within one year

	2026 £	2025 £
Accrued Expenses	400	300
Directors' Current Accounts	73,734	73,108
	74,134	73,408

5.

Creditors: amount falling due after more than one year

	2026 £		2025 £
Mortgage Loans Payable	172,480		172,480
	172,480		172,480

7

Registered Number: 15599560
England and Wales
OTHELLO INVESTMENT PROPERTIES LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026