OVERMILE PROPERTIES LIMITED Filleted accounts for Companies House (small and micro)

OVERMILE PROPERTIES LIMITED - Company Information

0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,041,359 21,902 1,019,457 1,019,457 1,041,359 xbrli:pure xbrli:shares iso4217:GBP 10529610 2022-01-01 2022-12-31 10529610 2022-12-31 10529610 2021-12-31 10529610 2021-01-01 2021-12-31 10529610 2021-12-31 10529610 2020-12-31 10529610 bus:Director1 2022-01-01 2022-12-31 10529610 core:LandBuildings 2022-01-01 2022-12-31 10529610 core:AfterOneYear 2022-12-31 10529610 core:AfterOneYear 2021-12-31 10529610 core:WithinOneYear 2022-12-31 10529610 core:WithinOneYear 2021-12-31 10529610 core:ShareCapital 2022-12-31 10529610 core:ShareCapital 2021-12-31 10529610 core:RetainedEarningsAccumulatedLosses 2022-12-31 10529610 core:RetainedEarningsAccumulatedLosses 2021-12-31 10529610 core:LandBuildings 2022-12-31 10529610 core:LandBuildings 2021-12-31 10529610 core:LandBuildings 2021-12-31 10529610 bus:SmallEntities 2022-01-01 2022-12-31 10529610 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 10529610 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 10529610 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10529610 bus:FullAccounts 2022-01-01 2022-12-31

COMPANY REGISTRATION NUMBER: 10529610

OVERMILE PROPERTIES LIMITED

Filleted Unaudited Financial Statements

31 December 2022

OVERMILE PROPERTIES LIMITED

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	4		1,019,457	1,041,359

Current assets

Debtors	5	–		8,710

Creditors: amounts falling due within one year	6	184,248		213,360
		---------		---------
Net current liabilities			184,248	204,650
			------------	------------
Total assets less current liabilities			835,209	836,709

Creditors: amounts falling due after more than one year	7	912,861	913,260
		---------	---------
Net liabilities		( 77,652)	( 76,551)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 77,653)	( 76,552)
	--------	--------
Shareholders deficit	( 77,652)	( 76,551)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

OVERMILE PROPERTIES LIMITED

Statement of Financial Position (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 27 March 2024 , and are signed on behalf of the board by:

M L Waldman
Director

Company registration number: 10529610

OVERMILE PROPERTIES LIMITED

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 January 2022	1,041,359
Additions	( 21,902)
	------------
At 31 December 2022	1,019,457
	------------
Depreciation
At 1 January 2022 and 31 December 2022	–
	------------
Carrying amount
At 31 December 2022	1,019,457
	------------
At 31 December 2021	1,041,359
	------------

5. Debtors

	2022	2021
	£	£
Other debtors	–	8,710
	----	-------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	184,248	213,360
	---------	---------

7. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	912,861	913,260
	---------	---------