ACCOUNTS - Final Accounts preparation

Registered number: 12398849

ODIN PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

ODIN PROPERTIES LTD

REGISTERED NUMBER: 12398849

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		84,549		85,266
			84,549		85,266
Current assets
Debtors: amounts falling due within one year	5	246		-
Cash at bank and in hand	6	1,020		86
		1,266		86
Creditors: amounts falling due within one year	7	(131,966)		(96,785)
Net current liabilities			(130,700)		(96,699)
Total assets less current liabilities			(46,151)		(11,433)

Net liabilities			(46,151)		(11,433)

Capital and reserves
Called up share capital	103	103
Profit and loss account	(46,254)	(11,536)
	(46,151)	(11,433)

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ODIN PROPERTIES LTD

REGISTERED NUMBER: 12398849

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 October 2026.

................................................

Katherine Duncalfe

Director

The notes on pages 3 to 6 form part of these financial statements.

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ODIN PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Odin Properties Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of property letting.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its directors, which they have pledged for the foreseeable future.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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ODIN PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	not depreciated
Fixtures and fittings	-	33% straight line
Other fixed assets	-	2% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2025 - £Nil).

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ODIN PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	Tangible fixed assets

	Freehold property	Fixtures and fittings	Other fixed assets	Total
	£	£	£	£
Cost or valuation
At 1 February 2025	53,020	4,107	35,830	92,957
At 31 January 2026	53,020	4,107	35,830	92,957
Depreciation
At 1 February 2025	-	4,107	3,584	7,691
Charge for the year on owned assets	-	-	717	717
At 31 January 2026	-	4,107	4,301	8,408
Net book value
At 31 January 2026	53,020	-	31,529	84,549
At 31 January 2025	53,020	-	32,246	85,266

Debtors

					2026	2025
					£	£


Trade debtors	246	-
	246	-

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	1,020	86
	1,020	86

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ODIN PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other creditors	131,966	96,665
Accruals and deferred income	-	120
	131,966	96,785

8.	Controlling party

The Company is controlled by the directors, Katherine Duncalfe and Cristopher Duncalfe, by virtue of their shareholdings as described in the Directors' report.

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