Oz Properties Limited - Accounts to registrar (filleted) - small 23.2.5

Oz Properties Limited - Accounts to registrar (filleted) - small 23.2.5

OZ PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 04317600 (England and Wales)












Financial Statements for the Year Ended 31 March 2023

for

Oz Properties Limited
Oz Properties Limited (Registered number: 04317600)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oz Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: E Ozbek





SECRETARY: Mrs Z Ozbek





REGISTERED OFFICE: Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP





REGISTERED NUMBER: 04317600 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP
Page 1
Oz Properties Limited (Registered number: 04317600)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 132 176
Investment property 5 350,000 350,000
350,132 350,176

CURRENT ASSETS
Debtors 6 386 361
Cash at bank 20,541 16,437
20,927 16,798
CREDITORS
Amounts falling due within one year 7 (129,789 ) (136,013 )
NET CURRENT LIABILITIES (108,862 ) (119,215 )
TOTAL ASSETS LESS CURRENT LIABILITIES 241,270 230,961

PROVISIONS FOR LIABILITIES (37,595 ) (37,595 )
NET ASSETS 203,675 193,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 203,575 193,266
203,675 193,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Oz Properties Limited (Registered number: 04317600)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 25 September 2023 and were signed by:





E Ozbek - Director


The notes form part of these financial statements

Page 3
Oz Properties Limited (Registered number: 04317600)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Oz Properties 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.
Fixtures and fittings - 25% on reducing balance

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 NIL (2022 - NIL).

Page 4 continued...
Oz Properties Limited (Registered number: 04317600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 3,132
DEPRECIATION
At 1 April 2022 2,956
Charge for year 44
At 31 March 2023 3,000
NET BOOK VALUE
At 31 March 2023 132
At 31 March 2022 176

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 350,000
NET BOOK VALUE
At 31 March 2023 350,000
At 31 March 2022 350,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2016 142,870
Valuation in 2018 55,000
Cost 152,130
350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 386 361

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 2,428 1,776
Other creditors 127,361 134,237
129,789 136,013

Page 5