Obsan Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02014018

Obsan Limited

Filleted Unaudited Financial Statements

31 December 2025

Obsan Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	3,776	6,927
Investments	6	1,425,000	2,865,000
		------------	------------
		1,428,776	2,871,927

Current assets

Debtors	7	10,743	17,920
Cash at bank and in hand		36,743	136,302
		--------	---------
		47,486	154,222

Creditors: amounts falling due within one year	8	19,426		53,229
		--------		---------
Net current assets			28,060	100,993
			------------	------------
Total assets less current liabilities			1,456,836	2,972,920
			------------	------------
Net assets			1,456,836	2,972,920
			------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,456,736	2,972,820
	------------	------------
Shareholders funds	1,456,836	2,972,920
	------------	------------

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 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 year 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 .

Obsan Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 12 October 2026 , and are signed on behalf of the board by:

Mrs M Obhrai

Director

Company registration number: 02014018

Obsan Limited

Notes to the Financial Statements

Year ended 31 December 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 2 Enderby Drive, Wolverhampton, West Midlands, WV4 5QU.

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 unless otherwise specified within the accounting policies and in accordance with section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

The following principal accounting policies have been applied:

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible fixed assets, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Investment property is carried at fair value determined annually. No depreciation is provided on investment property. Changes in fair value are recognised in the Statement of Comprehensive Income.

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:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	25% straight line

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 4 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	14,660	2,311	16,971
Disposals	( 4,633)	–	( 4,633)
	--------	-------	--------
At 31 December 2025	10,027	2,311	12,338
	--------	-------	--------
Depreciation
At 1 January 2025	9,582	462	10,044
Charge for the year	422	462	884
Disposals	( 2,366)	–	( 2,366)
	--------	-------	--------
At 31 December 2025	7,638	924	8,562
	--------	-------	--------
Carrying amount
At 31 December 2025	2,389	1,387	3,776
	--------	-------	--------
At 31 December 2024	5,078	1,849	6,927
	--------	-------	--------

6. Investments

	Investment Property
	£
Cost
At 1 January 2025	3,122,661
Disposals	( 1,270,000)
Revaluations	113,676
	------------
At 31 December 2025	1,966,337
	------------
Impairment
At 1 January 2025	257,661
Disposals	83,676
Impairment losses	200,000
	------------
At 31 December 2025	541,337
	------------

Carrying amount
At 31 December 2025	1,425,000
	------------
At 31 December 2024	2,865,000
	------------

In the opinion of the directors, the investment properties are included at fair value at 31 December 2025.

7. Debtors

	2025	2024
	£	£
Trade debtors	1,960	5,786
Other debtors	8,783	12,134
	--------	--------
	10,743	17,920
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	12,079	9,134
Other creditors - due to Sangha Family Ltd	3,693	–
Other creditors	3,654	44,095
	--------	--------
	19,426	53,229
	--------	--------