Company No: 09349585 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Abridged Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		3,504
Investment property	4	13,346,000		15,247,000
		13,346,000		15,250,504
Current assets
Debtors		1,476,239		1,229,026
Cash at bank and in hand		641,080		536,292
		2,117,319		1,765,318
Creditors: amounts falling due within one year		( 385,255)		( 474,405)
Net current assets		1,732,064		1,290,913
Total assets less current liabilities		15,078,064		16,541,417
Creditors: amounts falling due after more than one year	5	( 12,746,976)		( 14,246,976)
Net assets		2,331,088		2,294,441
Capital and reserves
Called-up share capital	6	4		4
Fair value reserve		( 88,973 )		( 2,662,061 )
Profit and loss account		2,420,057		4,956,498
Total shareholders' funds		2,331,088		2,294,441

For the financial year ending 31 December 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered;
• All of the members of Osmium Estates Limited have consented to the preparation of the abridged financial statements for the financial year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements of Osmium Estates Limited (registered number: 09349585) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A J Tesciuba Director

L Lewis Director

24 September 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Osmium Estates Limited (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 72 Cavendish Road, Salford, M7 4WA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	2		2

3. Tangible assets

	Total
	£
Cost
At 01 January 2025	35,358
At 31 December 2025	35,358
Accumulated depreciation
At 01 January 2025	31,854
Charge for the financial year	3,503
At 31 December 2025	35,358
Net book value
At 31 December 2025	0
At 31 December 2024	3,504

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	15,247,000
Additions	64,000
Fair value movement	35,000
Disposals	(2,000,000)
As at 31 December 2025	13,346,000

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

	2025		2024
	£		£
Other creditors	12,746,976		14,246,976

The balance in creditors after more than one year is a joint shareholder loan with a fixed charge over certain of the company's investment properties.

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each	4		4

7. Events after the end of the reporting period

There have been no events after the reporting date affecting the company since the financial year.