Ozmen Emlak Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12500348 (England and Wales)

Ozmen Emlak Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr H Ozmen

Mrs A Ozmen

REGISTERED OFFICE:

C/O Ozmen Ltd

55-57 John St

Sheffield

S2 4QT

REGISTERED NUMBER:

12500348 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ozmen Emlak Limited for the year ended 31 March 2026 which comprise the Abridged Income Statement, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ozmen Emlak Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ozmen Emlak Limited and state those matters that we have agreed to state to the Board of Directors of Ozmen Emlak Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ozmen Emlak Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ozmen Emlak Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ozmen Emlak Limited. You consider that Ozmen Emlak Limited 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 financial statements of Ozmen Emlak Limited. 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 financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

8 September 2026

FIXED ASSETS

Property, plant and equipment

4

2,306

3,075

Investment property

5

4,492,428

2,283,054

4,494,734

2,286,129

CURRENT ASSETS

Debtors

6

2,270

6,046

Cash at bank and in hand

2,703

5,113

4,973

11,159

CREDITORS

Amounts falling due within one year

7

1,023,031

853,462

NET CURRENT LIABILITIES

(1,018,058

)

(842,303

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,476,676

1,443,826

CREDITORS

Amounts falling due after more than one
year

8

(2,547,670

)

(602,969

)

PROVISIONS FOR LIABILITIES

11

(176,808

)

(176,815

)

NET ASSETS

752,198

664,042

CAPITAL AND RESERVES

Called up share capital

12

100

Non-distributable reserves

13

751,301

Retained earnings

13

797

(87,359

)

SHAREHOLDERS' FUNDS

752,198

664,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

Mrs A Ozmen - Director

1.	STATUTORY INFORMATION

Ozmen Emlak Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Under FRS 102 Section 16, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Investment properties are not depreciated. Costs incurred on improvements to the properties are capitalised and included within the carrying amounts of the relevant investment properties. These costs are reflected in the fair value of the properties and are not depreciated separately.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

7,289

DEPRECIATION

At 1 April 2025

4,214

Charge for year

769

At 31 March 2026

4,983

NET BOOK VALUE

At 31 March 2026

2,306

At 31 March 2025

3,075

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,283,054

Additions

2,209,374

At 31 March 2026

4,492,428

NET BOOK VALUE

At 31 March 2026

4,492,428

At 31 March 2025

2,283,054

Fair value at 31 March 2026 is represented by:

£

Valuation in 2023

927,533

Cost

3,564,895

4,492,428

Directors' Assessment of Valuation

No independent external valuation of the investment properties was obtained during the year. The directors have estimated the fair value of the investment properties using their knowledge of the properties and current market conditions. Based on this assessment, the directors believe that the carrying amount of the investment properties is a reasonable approximation of their open market value at the reporting date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

1,100

-

Other debtors

1,170

6,046

2,270

6,046

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 9)

196,429

113,125

Trade creditors

3,208

23,849

Taxation and social security

17,212

-

Other creditors

806,182

716,488

1,023,031

853,462

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans (see note 9)

2,547,670

602,969

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,761,953

37,344

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

196,429

113,125

Amounts falling due between one and two years:

Bank loans - 1-2 years

196,429

226,250

Amounts falling due between two and five years:

Bank loans - 2-5 years

589,288

339,375

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,761,953

37,344

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

2,744,099

716,094

Bank loans are secured on fixed charge on company assets to TURKIYE IS BANKASI A.S.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

176,808

176,815

Deferred

tax

£

Balance at 1 April 2025

176,815

Credit to Income Statement during year

(7

)

Balance at 31 March 2026

176,808

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

13.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

At 1 April 2025

(87,359

)

751,301

663,942

Profit for the year

88,156

At 31 March 2026

797

751,301

752,098

14.	RELATED PARTY DISCLOSURES

Transactions with Members of Key Management Personnel:

The amount due to members of key management personnel at the balance sheet date was £22,392 (2025: £51,392). The balance comprises interest-free loans that are repayable on demand and are included within creditors.

Transactions with Entities under Common and Joint Control:

The amount due to entities under common and joint control at the balance sheet date was £776,128 (2025: £658,045). The balance comprises interest-free loans that are repayable on demand and are included within creditors.