Oswin Property Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11525634 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

Oswin Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D A Owens

Mr S J Hunt

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

BUSINESS ADDRESS:

Unit 1

Oswin Road

Brailsford Industrial Park

Leicester

Leicestershire

LE3 1HR

REGISTERED NUMBER:

11525634 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Investment property

4

1,044,217

1,044,217

CURRENT ASSETS

Cash at bank

7,561

2,153

CREDITORS

Amounts falling due within one year

5

(294,187

)

(325,505

)

NET CURRENT LIABILITIES

(286,626

)

(323,352

)

TOTAL ASSETS LESS CURRENT LIABILITIES

757,591

720,865

CREDITORS

Amounts falling due after more than one year

6

(658,813

)

(701,426

)

NET ASSETS

98,778

19,439

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

98,770

19,431

98,778

19,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2022 and were signed on its behalf by:

Mr S J Hunt - Director

1.	STATUTORY INFORMATION

Oswin Property 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.

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.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2020

and 31 August 2021

1,044,217

NET BOOK VALUE

At 31 August 2021

1,044,217

At 31 August 2020

1,044,217

The directors consider the fair value of investment property at the year end to be £1,044,217 (2020 £1,044,217). Valuations of investment property have been made on an open market value for existing use basis.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

42,722

41,723

Trade creditors

1,140

3,390

Taxation and social security

16,377

2,435

Other creditors

233,948

277,957

294,187

325,505

Other creditors include accruals and deferred income of £2,497 (2020: £1,923).

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans

658,813

701,426

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

476,419

523,434

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.21

31.8.20

£

£

Bank loans

701,535

743,149

The bank loan is secured against the investment property of the company.