Owners United Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13525303 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

OWNERS UNITED LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I H Abdeali

Mr A A Abdeali

REGISTERED OFFICE:

370-386 Farnham Road

Slough

SL2 1JD

REGISTERED NUMBER:

13525303 (England and Wales)

SENIOR STATUTORY AUDITOR:

Thurairatnam Sudarshan FCCA

AUDITORS:

Xeinadin Audit Limited, Statutory Auditor

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Investment property

4

1,500,000

CURRENT ASSETS

Debtors

10,044

49,674

Cash at bank

596

6,333

10,640

56,007

CREDITORS

Amounts falling due within one year

1,717,438

1,724,170

NET CURRENT LIABILITIES

(1,706,798

)

(1,668,163

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(206,798

)

(168,163

)

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

(206,998

)

(168,363

)

SHAREHOLDERS' FUNDS

(206,798

)

(168,163

)

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 and an abridged Balance Sheet for the year ended 31 October 2025 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 29 October 2026 and were signed on its behalf by:

Mr I H Abdeali - Director

1.	STATUTORY INFORMATION

Owners United Ltd 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 (£).

In the previous accounting period, the company was entitled to audit exemption under S477 of the Companies Act as it was a small company. Therefore, comparatives were not subject to an audit.

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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgements and estimates have been made include:

- assessing the recoverability of the intercompany balances.

Other key sources of estimation uncertainty

- investment properties (see note 5)

lnvestment properties are professionally valued annually using a yield methodology. This uses market rental values capitalised at a market capitalisation rate but there is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Going concern

The current liabilities exceed the current assets at the balance sheet date but the company continues to have the support of its parent company and the directors to continue trading for the foreseeable future.

Turnover

Turnover comprises income received from property rental.

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, 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 receipts discounted at a market rate of interest.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

1,500,000

NET BOOK VALUE

At 31 October 2025

1,500,000

At 31 October 2024

1,500,000

Freehold properties comprise residential properties only. The investment property was independently valued by Vail Williams, Chartered Surveyors, at £1,500,000 as at 31 March 2025. The directors have considered market conditions and are satisfied that this valuation remains an appropriate estimate of the property's fair value at 31 October 2025.

In the event of these freehold properties being sold for the amount stated in financial statements, there is no tax to pay (2024: £nil).

The historical cost of the freehold properties stated in the financial statements is £1,695,066 (2024: £1,695,066).

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thurairatnam Sudarshan FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited, Statutory Auditor

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2025

2024

£

Perfect Homes 2 Let Limited other creditors (other debtors)

(760

)

43,200

Perfect Homes 2 Let Limited - Management fees

14,200

16,500

A.A & Sons Limited (other creditors)

(1,707,378

)

(1,719,369

)

A.A. & Sons Limited - other interest payable

106,528

94,644

Mr I H Abdeali and Mr A A Abdeali are directors and shareholders of above companies.

7.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Triple A Holdings Limited, a company registered in the United Kingdom. Mr I H Abdeali and Mr A A Abdeali are directors and shareholders of Triple A Holdings Limited.