Overplace Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04285896 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

Overplace Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Stokes

J E Stokes

SECRETARY:

J M Stokes

REGISTERED OFFICE:

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

REGISTERED NUMBER:

04285896 (England and Wales)

ACCOUNTANTS:

Sweeting & Smedley Limited

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

FIXED ASSETS

Tangible assets

4

12

31

Investment property

5

575,000

575,000

575,012

575,031

CURRENT ASSETS

Debtors

6

6,861

41,261

Cash at bank

36,324

36,862

43,185

78,123

CREDITORS

Amounts falling due within one year

7

11,308

16,027

NET CURRENT ASSETS

31,877

62,096

TOTAL ASSETS LESS CURRENT LIABILITIES

606,889

637,127

CREDITORS

Amounts falling due after more than one year

8

(149,125

)

(149,125

)

PROVISIONS FOR LIABILITIES

(2

)

(6

)

NET ASSETS

457,762

487,996

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

457,760

487,994

SHAREHOLDERS' FUNDS

457,762

487,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 13 August 2021 and were signed on its behalf by:

J M Stokes - Director

1.	STATUTORY INFORMATION

Overplace 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.

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 cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2019

and 30 November 2020

1,335

DEPRECIATION

At 1 December 2019

1,304

Charge for year

19

At 30 November 2020

1,323

NET BOOK VALUE

At 30 November 2020

12

At 30 November 2019

31

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2019

and 30 November 2020

575,000

NET BOOK VALUE

At 30 November 2020

575,000

At 30 November 2019

575,000

Fair value at 30 November 2020 is represented by:

£

Valuation in 2003

42,299

Valuation in 2004

10,000

Valuation in 2005

30,000

Valuation in 2006

35,000

Valuation in 2010

15,000

Valuation in 2012

20,000

Valuation in 2013

150,000

Valuation in 2014

30,000

Valuation in 2015

37,432

Cost

205,269

575,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.11.20

30.11.19

£

£

Cost

205,269

205,269

Investment property was valued on an open market basis on 30 November 2020 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Other debtors

6,861

41,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade creditors

-

1,455

Taxation and social security

3,197

3,630

Other creditors

8,111

10,942

11,308

16,027

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Other creditors

149,125

149,125

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.20

30.11.19

£

£

Mortgage

149,125

149,125

Paragon Mortgages have a fixed charge over the investment property.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2020 and 30 November 2019:

30.11.20

30.11.19

£

£

J M Stokes

Balance outstanding at start of year

31,093

20,530

Amounts advanced

12,747

10,563

Amounts repaid

(43,840

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

31,093

Beneficial loan interest was charged at HMRC's official interest rate. The loan was repaid on 30 November 2020.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Stokes.