Oxted Properties Limited - Limited company - abbreviated - 11.6
Oxted Properties Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| OXTED PROPERTIES LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
| OXTED PROPERTIES LIMITED (REGISTERED NUMBER: 06242041) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 30 September 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| OXTED PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 September 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| OXTED PROPERTIES LIMITED (REGISTERED NUMBER: 06242041) |
| ABBREVIATED BALANCE SHEET |
| 30 September 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the Board of Directors on by: |
| OXTED PROPERTIES LIMITED (REGISTERED NUMBER: 06242041) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 30 September 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Stocks |
| Properties carried as stock are valued at the lower of cost and net realisable value. Cost includes the purchase |
| cost and associated acquisition costs and for development properties, building costs and financing costs. |
| Stock properties are reported as acquired or sold at the date of exchange of a purchase or sale contract, or, where |
| later, when all material conditions relevant to that exchanged purchase or sale contract have been satisfied. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Capitalisation of interest |
| Interest incurred on borrowings associated with stock properties is included within stock during the development |
| phase. The rate used is that of the relevant specific borrowing. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | ULTIMATE CONTROLLING PARTY |
| The company operated during the year as a joint venture. Artisian Property Partnership owns 25 shares and Mr |
| DT Healy owns 76 of the 101 ordinary shares in issue. Under the terms of the shareholder's agreement, dated 25 |
| September 2009, Mr DT Healy has the right to exercise a dominant influence over the company. At the balance |
| sheet date, the ultimate controlling party is deemed to be Mr DT Healy by virtue of his ownership of 75.2% of |
| the company's issued share capital. |