Okeh Properties Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04107851 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 September 2022

for

OKEH PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Eamonn Michael Killoughery

SECRETARY:

Susan Killoughery

REGISTERED OFFICE:

Unit 2

Varity Park

Vicarage Farm Road

Peterborough

Cambridgeshire

PE1 5GU

REGISTERED NUMBER:

04107851 (England and Wales)

ACCOUNTANTS:

Fortus Business Advisors & Accountants

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Tangible assets

5

-

412,060

CURRENT ASSETS

Stocks

454,486

-

Debtors

6

89,494

145,843

Cash at bank

9,705

3,349

553,685

149,192

CREDITORS

Amounts falling due within one year

7

341,217

347,876

NET CURRENT ASSETS/(LIABILITIES)

212,468

(198,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

212,468

213,376

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

212,368

213,276

SHAREHOLDERS' FUNDS

212,468

213,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2023 and were signed by:

Eamonn Michael Killoughery - Director

1.	STATUTORY INFORMATION

Okeh Properties Limited 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 (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

land

£

COST

At 1 October 2021

412,060

Disposals

(412,060

)

At 30 September 2022

-

NET BOOK VALUE

At 30 September 2022

-

At 30 September 2021

412,060

During the year ended 30 September 2022, a Freehold Property with a cost of £412,060 was transferred to work in progress with an intention to sell the same.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

89,494

145,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,093

7,325

Other creditors

340,124

340,551

341,217

347,876

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Eamonn Michael Killoughery.