One Collective Properties Ltd - Filleted accounts

Registered number

10814557

One Collective Properties Ltd

Filleted Accounts

31 March 2026

One Collective Properties Ltd
Registered number:		10814557
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	2		731,125			731,125

Current assets
Cash at bank and in hand		22,374			12,106

Creditors: amounts falling due within one year	3	(127,573)			(125,546)

Net current liabilities			(105,199)			(113,440)

Total assets less current liabilities			625,926			617,685

Creditors: amounts falling due after more than one year	4		(608,931)			(609,623)



Net assets			16,995			8,062

Capital and reserves
Called up share capital			1			1
Profit and loss account			16,994			8,061

Shareholders' funds			16,995			8,062

No of employees			-			-

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Company currently has outstanding mortgage charges of £458,911 as at 31.03.2025



Y Gamgoum
Director
Approved by the board on 10 July 2026

One Collective Properties Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			not depreciated
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Tangible fixed assets
								Land and buildings
£
	Cost
	At 1 April 2025							731,125
	At 31 March 2026							731,125

	Depreciation
	At 31 March 2026							-

	Net book value
	At 31 March 2026							731,125
	At 31 March 2025							731,125


3	Creditors: amounts falling due within one year					2026		2025
£							£

	Taxation and social security costs					2,213		1,239
	Other creditors					125,360		124,307
						127,573		125,546


4	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					608,931		609,623


5	Loans from directors
	(Included in other creditors above)	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Youssef Gamgoum
	[Loan 1]	38,016		312		5,620		32,708

	Kareem Gamgoum
	[Loan 1]	77,636		312				77,948

		115,652		624		5,620		110,656


6	Controlling party

	The controlling party is the director, Mr Y Gamgoum, by virtue of his majority shareholding


7	Other information

	One Collective Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	First Floor, Woburn Court, 2 Railton Road
	Woburn Road Industrial Estate
	Kempston
	Bedfordshire
	MK42 7PN