Owram Estates Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00412446 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

OWRAM ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

R S Illingworth

R B Illingworth

M A Illingworth

SECRETARY:

R S Illingworth

REGISTERED OFFICE:

Robin Hood Works

Wakefield Road

Brighouse

West Yorkshire

HD6 1PE

REGISTERED NUMBER:

00412446 (England and Wales)

ACCOUNTANTS:

Jane Cooksey Limited

15/16 Boarshurst Bus. Park,

Boarshurst Lane, Greenfield

Oldham

Lancashire

OL3 7ER

SOLICITORS:

Ramsdens Solicitors LLP

Oakley House

1 Hungerford Road

Huddersfield

HD3 3AL

FIXED ASSETS

Tangible assets

4

127

149

Investment property

5

2,844,036

2,473,769

2,844,163

2,473,918

CURRENT ASSETS

Debtors

6

48,253

33,685

Cash at bank

222,814

570,776

271,067

604,461

CREDITORS

Amounts falling due within one year

7

126,023

127,605

NET CURRENT ASSETS

145,044

476,856

TOTAL ASSETS LESS CURRENT LIABILITIES

2,989,207

2,950,774

PROVISIONS FOR LIABILITIES

25,409

25,413

NET ASSETS

2,963,798

2,925,361

CAPITAL AND RESERVES

Called up share capital

8

3

3

Share premium

4

4

Non distributable reserve

9

2,220,539

2,220,539

Retained earnings

743,252

704,815

SHAREHOLDERS' FUNDS

2,963,798

2,925,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2023 and were signed on its behalf by:

M A Illingworth - Director

R S Illingworth - Director

1.	STATUTORY INFORMATION

Owram Estates 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.

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 as modified by the revaluation of certain assets.

Turnover

Income represents rental income receivable in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

8,127

DEPRECIATION

At 1 January 2022

7,978

Charge for year

22

At 31 December 2022

8,000

NET BOOK VALUE

At 31 December 2022

127

At 31 December 2021

149

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

2,473,769

Additions

370,267

At 31 December 2022

2,844,036

NET BOOK VALUE

At 31 December 2022

2,844,036

At 31 December 2021

2,473,769

Freehold investment properties were valued at £2,434,000 by independent professionally qualified valuers at 31 December 2019. The directors believe that subsequent additions to the properties have increased the value relative to the additional amount invested.

The historic cost of freehold investment properties at 31 December 2022 is £597,797 and at 31 December 2021 is £227,530.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

42,826

28,600

Other debtors

5,427

5,085

48,253

33,685

The amount included in 'other debtors' is insurance paid in advance.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

408

149

Taxation and social security

69,893

73,089

Other creditors

55,722

54,367

126,023

127,605

'Other creditors' includes: rents received in advance of £47,671 (2021 - £46,108), insurance received in advance of £7,216 (2021 - £7,350) and accruals of £835 (2021 -£909).

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

120

Ordinary

£0.02

5

3

3

9.

RESERVES

Non

distributable

reserve

£

At 1 January 2022

and 31 December 2022

2,220,539

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Owram Estates Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Owram Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Owram Estates Limited and state those matters that we have agreed to state to the Board of Directors of Owram Estates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Owram Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Owram Estates Limited. You consider that Owram Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Owram Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jane Cooksey Limited

15/16 Boarshurst Bus. Park,

Boarshurst Lane, Greenfield

Oldham

Lancashire

OL3 7ER

12 May 2023