| OK Properties Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of OK Properties Ltd for the year ended 30 September 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of OK Properties Ltd for the year ended 30 September 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of OK Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 8 July 2003. Our work has been undertaken solely to prepare for your approval the accounts of OK Properties Ltd and state those matters that we have agreed to state to the Board of Directors of OK Properties Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OK Properties Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that OK Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of OK Properties Ltd. You consider that OK Properties Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of OK Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| CTMP Accountants Ltd |
| Chartered Accountants |
| 838 Wickham Road |
| Croydon |
| CR0 8ED |
|
| 17 November 2015 |
|
| OK Properties Ltd |
| Registered number: |
04809127 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
999,363 |
|
|
999,447 |
|
| Current assets |
| Debtors |
|
|
8,639 |
|
|
5,725 |
| Cash at bank and in hand |
|
|
66,178 |
|
|
43,879 |
|
|
|
74,817 |
|
|
49,604 |
|
| Creditors: amounts falling due within one year |
|
|
(536,359) |
|
|
(524,876) |
|
| Net current liabilities |
|
|
|
(461,542) |
|
|
(475,272) |
|
| Total assets less current liabilities |
|
|
|
537,821 |
|
|
524,175 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(213,696) |
|
|
(253,267) |
|
|
|
| Net assets |
|
|
|
324,125 |
|
|
270,908 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
|
|
|
(53,776) |
|
|
(53,776) |
| Profit and loss account |
|
|
|
376,901 |
|
|
323,684 |
|
| Shareholder's funds |
|
|
|
324,125 |
|
|
270,908 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Hasan Ali Cenap |
| Director |
| Approved by the board on 17 November 2015 |
|
| OK Properties Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
1,000,052 |
|
At 30 September 2015 |
1,000,052 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
605 |
|
Charge for the year |
84 |
|
At 30 September 2015 |
689 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
999,363 |
|
At 30 September 2014 |
999,447 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
