Oban Bay Properties Limited Filleted accounts for Companies House (small and micro)

OBAN BAY PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC224296

Oban Bay Properties Limited

Filleted Unaudited Financial Statements

30 June 2023

Oban Bay Properties Limited

Financial Statements

Year ended 30 June 2023

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

Oban Bay Properties Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Oban Bay Properties Limited

Year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oban Bay Properties Limited for the year ended 30 June 2023, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Oban Bay Properties Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Oban Bay Properties Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oban Bay Properties Limited and its director for our work or for this report.

It is your duty to ensure that Oban Bay Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oban Bay Properties Limited. You consider that Oban Bay Properties Limited 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 financial statements of Oban Bay Properties Limited. 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 statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

6 March 2024

Oban Bay Properties Limited

Statement of Financial Position

30 June 2023

	2023		2022
Note	£	£	£

Current assets

Debtors	4	1,000		1,000
		-------		-------
Net current assets			1,000	1,000
			-------	-------
Total assets less current liabilities			1,000	1,000
			-------	-------

Capital and reserves

Called up share capital	250	250
Capital redemption reserve	750	750
	-------	-------
Shareholders funds	1,000	1,000
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 March 2024 , and are signed on behalf of the board by:

Mr G C King
Director

Company registration number: SC224296

Oban Bay Properties Limited

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

4. Debtors

	2023	2022
	£	£
Other debtors	1,000	1,000
	-------	-------

5. Related party transactions

The company is a 100% subsidiary of Black King Properties Limited throughout the current and previous year. Mr Gregor King is the managing director and owner of the parent company. At the year end £1,000 was owed from the parent company. (2022 : £1,000).