Oceana Business Park Ltd - Period Ending 2014-06-30

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OCEANA BUSINESS PARK LIMITED - Company Information

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Registration number: 8589368

Oceana Business Park Ltd

Unaudited Abbreviated Accounts

for the Period from 28 June 2013 to 30 June 2014

Oceana Business Park Ltd
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Oceana Business Park Ltd
(Registration number: 8589368)
Abbreviated Balance Sheet at 30 June 2014

	Note	30 June 2014 £
Fixed assets
Tangible fixed assets		2,917,280
Current assets
Stocks		764
Debtors		120,715
Cash at bank and in hand		98,692
		220,171
Creditors: Amounts falling due within one year		(435,564)
Net current liabilities		(215,393)
Total assets less current liabilities		2,701,887
Creditors: Amounts falling due after more than one year		(2,422,487)
Net assets		279,400
Capital and reserves
Called up share capital	3	1
Revaluation reserve		232,483
Profit and loss account		46,916
Shareholders' funds		279,400

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 March 2015

.........................................
Mr Martin Oliver
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Oceana Business Park Ltd
Notes to the Abbreviated Accounts for the Period from 28 June 2013 to 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	15% Straight Line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	2,920,329	2,920,329
At 30 June 2014	2,920,329	2,920,329
Depreciation
Charge for the period	3,049	3,049
At 30 June 2014	3,049	3,049
Net book value
At 30 June 2014	2,917,280	2,917,280

Page 2

Oceana Business Park Ltd
Notes to the Abbreviated Accounts for the Period from 28 June 2013 to 30 June 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

Page 3