Overstone Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3057904

Overstone Properties Limited

Filleted Unaudited Financial Statements

31 October 2025

Overstone Properties Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		4,121,344	3,970,699

Current assets

Stocks		4,131,561	4,131,561
Debtors	6	77,607	49,342
Cash at bank and in hand		436,719	578,821
		----------	----------
		4,645,887	4,759,724

Creditors: amounts falling due within one year	7	476,099		426,333
		----------		----------
Net current assets			4,169,788	4,333,391
			----------	----------
Total assets less current liabilities			8,291,132	8,304,090

Creditors: amounts falling due after more than one year	8		461,579	737,900

Provisions

Taxation including deferred tax	602,300	564,639
	----------	----------
Net assets	7,227,253	7,001,551
	----------	----------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	7,207,253	6,981,551
	----------	----------
Shareholders funds	7,227,253	7,001,551
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Overstone Properties Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

A V Swann
Director

Company registration number: 3057904

Overstone Properties Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

(b) Investment properties

The investment properties are shown at their fair value as estimated by the directors. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided against these movements.

(c) Revenue recognition

The turnover shown in the profit and loss account represents amounts due for property sales, development and contracting income for the year, exclusive of Value Added Tax. Rents receivable on properties are shown as other operating income.

(d) Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	5 years straight line
Equipment	-	`5 years straight line`

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Investment properties	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 November 2024	7,104	3,955,000	47,804	4,009,908
Revaluations	–	153,000	–	153,000
	------	----------	-------	----------
At 31 October 2025	7,104	4,108,000	47,804	4,162,908
	------	----------	-------	----------
Depreciation
At 1 November 2024	7,104	–	32,105	39,209
Charge for the year	–	–	2,355	2,355
	------	----------	-------	----------
At 31 October 2025	7,104	–	34,460	41,564
	------	----------	-------	----------
Carrying amount
At 31 October 2025	–	4,108,000	13,344	4,121,344
	------	----------	-------	----------
At 31 October 2024	–	3,955,000	15,699	3,970,699
	------	----------	-------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	51,256	15,113
Other debtors	26,351	34,229
	-------	-------
	77,607	49,342
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	45,600	12,300
Trade creditors	2,115	4,742
Corporation tax	43,791	66,237
Social security and other taxes	3,246	3,632
Other creditors	381,347	339,422
	--------	--------
	476,099	426,333
	--------	--------

Other creditors include £125,500 (2024: £105,000) due to the Overstone Properties Limited Retirement Benefits Scheme, the beneficiary of which is Mr A V Swann . All bank loans and overdrafts and the creditor due to the Overstone Properties Limited Retirement Benefits Scheme are secured by charges on the company's properties. All of the company's bank borrowings have been personally guaranteed by the director.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	296,579	512,900
Other creditors	165,000	225,000
	--------	--------
	461,579	737,900
	--------	--------

Other creditors represent amounts due to the Overstone Properties Limited Retirement Benefits Scheme, the beneficiary of which is Mr A V Swann. All bank loans and overdrafts and the creditor due to the Overstone Properties Limited Retirement Benefits Scheme are secured by charges on the company's properties. All of the company's bank borrowings have been personally guaranteed by the director.

9. Profit and loss

The profit and loss account includes £2,379,689 (2024: £2,264,939) relating to the revaluation of investment properties which is not distributable until the properties are sold.