Oyster Wharf Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05134174 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2018 TO 28 FEBRUARY 2019

FOR

OYSTER WHARF PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O Kehoe

Mrs M Kehoe

SECRETARY:

Mr O Kehoe

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05134174 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investments

3

1

Investment property

4

1,875,000

1,875,001

CURRENT ASSETS

Debtors

5

3,348,546

3,348,866

Cash at bank

84,464

58,990

3,433,010

3,407,856

CREDITORS

Amounts falling due within one year

6

151,454

150,933

NET CURRENT ASSETS

3,281,556

3,256,923

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,156,557

5,131,924

CREDITORS

Amounts falling due after more than one
year

7

(1,764,828

)

(1,794,828

)

PROVISION FOR DEFERRED TAX

8

(27,007

)

(30,185

)

NET ASSETS

3,364,722

3,306,911

CAPITAL AND RESERVES

Called up share capital

9

4

Retained earnings

3,364,718

3,306,907

SHAREHOLDERS' FUNDS

3,364,722

3,306,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 3 June 2019 and were signed on its behalf by:

Mr O Kehoe - Director

1.	STATUTORY INFORMATION

Oyster Wharf 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.

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

Turnover represents amounts derived from the provision of services to landlords and customers during the year,

and is recognised at the date the service was provided

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 period 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 period 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.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

28.2.19

31.5.18

£

Investment in wholly owned

subsidiary

1

The investment represents the entire share capital of Thameslink Properties Limited.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2018

and 28 February 2019

1,875,000

NET BOOK VALUE

At 28 February 2019

1,875,000

At 31 May 2018

1,875,000

Fair value at 28 February 2019 is represented by:

£

Valuation in 2008

13,396

Valuation in 2009

34,191

Valuation in 2017

736,311

Cost

1,091,102

1,875,000

5.

DEBTORS

28.2.19

31.5.18

£

Amounts falling due within one year:

Other debtors

2,774

3,094

Amounts falling due after more than one year:

Amount due from subsidiary

3,345,772

Aggregate amounts

3,348,546

3,348,866

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

31.5.18

£

Tax

12,814

12,293

Tenants Deposits

36,840

Prepaid rent

18,200

Accrued expenses

3,600

Other loans

80,000

151,454

150,933

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.19

31.5.18

£

Shareholders loans

312,463

Bank loans more 5 yr by instal

670,000

700,000

Other loans

782,365

1,764,828

1,794,828

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans

782,365

Repayable by instalments

Bank loans more 5 yr by instal

670,000

700,000

The bank loan is secured by a charge on the company's freehold properties.

8.	PROVISION FOR DEFERRED TAX

28.2.19

31.5.18

£

Deferred tax

27,007

30,185

Deferred

tax

£

Balance at 1 June 2018

30,185

Provided during period

(3,178

)

Balance at 28 February 2019

27,007

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.19

31.5.18

value:

£

4

Ordinary shares

1

4

Oyster Wharf Properties Limited - Accounts to registrar (filleted) - small 18.2

Oyster Wharf Properties Limited - Accounts to registrar (filleted) - small 18.2