Company registration number 15472720 (England and Wales)
ONTRACK29 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ONTRACK29 LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
ONTRACK29 LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
295,134
-
0
Current assets
Debtors
5
138,221
-
0
Cash at bank and in hand
1,303
20
139,524
20
Creditors: amounts falling due within one year
6
(287,332)
-
0
Net current (liabilities)/assets
(147,808)
20
Total assets less current liabilities
147,326
20
Creditors: amounts falling due after more than one year
7
(168,900)
-
0
Net (liabilities)/assets
(21,574)
20
Capital and reserves
Called up share capital
8
20
20
Profit and loss reserves
(21,594)
-
0
Total equity
(21,574)
20

For the financial 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.

T he member has 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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 August 2026 and are signed on its behalf by:
S A Alkarowf
Director
Company registration number 15472720 (England and Wales)
ONTRACK29 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Ontrack29 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Northam Close, Lower Earley, Reading, Berkshire, England, RG6 3AJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ONTRACK29 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was Nil (2025: Nil).

ONTRACK29 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
4
Investment property
2026
£
Fair value
At 1 April 2025
-
0
Additions
295,134
At 31 March 2026
295,134

The investment property is shown on a historical cost basis which in the opinion of the director reflects the present fair market value of this property.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
138,221
-
0
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
287,332
-
0
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
168,900
-
0

The bank loan is secured by way of legal mortgage charge dated 24 April 2025 over the company's investment property.

8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20
20
20
20
9
Directors' transactions

Included within other creditors is a loan advanced from the director amounting to £286,372 (2025: £Nil). There is no interest charged on this loan.

2026-03-31 2025-04-01 false false false 13 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity S A Alkarowf Mr B T A Alkarowf 0 15472720 2025-04-01 2026-03-31 15472720 2026-03-31 15472720 2025-03-31 15472720 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 15472720 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15472720 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 15472720 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 15472720 core:ShareCapital 2026-03-31 15472720 core:ShareCapital 2025-03-31 15472720 core:RetainedEarningsAccumulatedLosses 2026-03-31 15472720 core:RetainedEarningsAccumulatedLosses 2025-03-31 15472720 core:ShareCapitalOrdinaryShareClass1 2026-03-31 15472720 core:ShareCapitalOrdinaryShareClass1 2025-03-31 15472720 bus:Director1 2025-04-01 2026-03-31 15472720 2025-03-31 15472720 core:CurrentFinancialInstruments 2026-03-31 15472720 core:CurrentFinancialInstruments 2025-03-31 15472720 core:Non-currentFinancialInstruments 2026-03-31 15472720 core:Non-currentFinancialInstruments 2025-03-31 15472720 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 15472720 bus:OrdinaryShareClass1 2026-03-31 15472720 bus:OrdinaryShareClass1 2025-03-31 15472720 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 15472720 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 15472720 bus:FRS102 2025-04-01 2026-03-31 15472720 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 15472720 bus:Director2 2025-04-01 2026-03-31 15472720 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP