Self Operated Storage (Oxford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02160267 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

Self Operated Storage (Oxford) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms M Shaw

M G B Shaw

REGISTERED OFFICE:

Brooklands Farm

Pepperbox Lane

Bramley

Guildford

GU5 0LW

REGISTERED NUMBER:

02160267 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,423

4,987

Investment property

5

4,000,000

2,500,000

4,004,423

2,504,987

CREDITORS

Amounts falling due within one year

6

(28,438

)

(6,624

)

NET CURRENT LIABILITIES

(28,438

)

(6,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,975,985

2,498,363

PROVISIONS FOR LIABILITIES

(275,000

)

-

NET ASSETS

3,700,985

2,498,363

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Fair value reserve

7

1,225,000

1,268,103

Retained earnings

2,472,985

1,227,260

3,700,985

2,498,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 June 2021 and were signed on its behalf by:

M G B Shaw - Director

1.	STATUTORY INFORMATION

Self Operated Storage (Oxford) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 2 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2019

and 30 September 2020

137,672

19,500

157,172

DEPRECIATION

At 1 October 2019

132,808

19,377

152,185

Charge for year

542

22

564

At 30 September 2020

133,350

19,399

152,749

NET BOOK VALUE

At 30 September 2020

4,322

101

4,423

At 30 September 2019

4,864

123

4,987

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2019

2,500,000

Revaluations

1,500,000

At 30 September 2020

4,000,000

NET BOOK VALUE

At 30 September 2020

4,000,000

At 30 September 2019

2,500,000

Cost or valuation at 30 September 2020 is represented by:

£

Valuation in 2011

508,103

Valuation in 2015

260,000

Valuation in 2018

500,000

Valuation in 2020

1,500,000

Cost

1,231,897

4,000,000

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

2020

2019

£

£

Cost

1,231,897

1,231,897

No formal independent valuation was performed on the investment properties during the year to 30 September 2020. The investment properties are measured at fair value using a valuation model.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

-

5,485

Taxation and social security

27,738

(1

)

Other creditors

700

1,140

28,438

6,624

7.

RESERVES

Fair

value

reserve

£

At 1 October 2019

and 30 September 2020

1,225,000