Otter Estates Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11976367

OTTER ESTATES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

18 May 2025

OTTER ESTATES LTD

BALANCE SHEET

18 May 2025

	18 May 25		31 May 24
Note	£	£	£

FIXED ASSETS

Tangible assets	4	9,779,316	7,884,388
Investments	5	200	–
		-------------	-------------
		9,779,516	7,884,388

CURRENT ASSETS

Debtors	6	32,293	106,792
Cash at bank and in hand		9,812	38,891
		---------	----------
		42,105	145,683

CREDITORS: amounts falling due within one year	7	( 625,082)		( 944,892)
		----------		----------
NET CURRENT LIABILITIES			( 582,977)	( 799,209)
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			9,196,539	7,085,179

CREDITORS: amounts falling due after more than one year	8	( 11,111,064)	( 7,932,112)
		---------------	-------------
NET LIABILITIES		( 1,914,525)	( 846,933)
		---------------	-------------

CAPITAL AND RESERVES

Called up share capital	1,100	1,100
Profit and loss account	( 1,915,625)	( 848,033)
	-------------	----------
SHAREHOLDERS DEFICIT	( 1,914,525)	( 846,933)
	-------------	----------

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 profit and loss account has not been delivered.

For the period ending 18 May 2025 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

OTTER ESTATES LTD

BALANCE SHEET (continued)

18 May 2025

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

Mr J Oestreicher

Director

Company registration number: 11976367

OTTER ESTATES LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 JUNE 2024 TO 18 MAY 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 Holly House, 214-218 High Road, London, N15 4NP.

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

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.

Going concern

The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The directors consider this to be appropriate having regard to the continued provision of financial support by the company's principal creditors.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. TANGIBLE ASSETS

	Freehold property
	£
Cost
At 1 June 2024	7,884,388
Additions	1,894,928
	-------------
At 18 May 2025	9,779,316
	-------------
Carrying amount
At 18 May 2025	9,779,316
	-------------
At 31 May 2024	7,884,388
	-------------

5. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 June 2024	–
Additions	200
	----
At 18 May 2025	200
	----
Impairment
At 1 June 2024 and 18 May 2025	–
	----

Carrying amount
At 18 May 2025	200
	----
At 31 May 2024	–
	----

6. DEBTORS

	18 May 25	31 May 24
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,427	–
Other debtors	26,866	106,792
	---------	----------
	32,293	106,792
	---------	----------

7. CREDITORS: amounts falling due within one year

	18 May 25	31 May 24
	£	£
Trade creditors	610,907	931,113
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,980	10,584
Other creditors	3,195	3,195
	----------	----------
	625,082	944,892
	----------	----------

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

	18 May 25	31 May 24
	£	£
Bank loans and overdrafts	6,845,721	3,681,769
Other creditors	4,265,343	4,250,343
	---------------	-------------
	11,111,064	7,932,112
	---------------	-------------

9. RELATED PARTY TRANSACTIONS

Included in creditors over one year is £4,265,343 due to companies connected with the directors of Otter Estates Ltd.