Osmaston General Property Limited - Limited company - abbreviated - 11.9
Osmaston General Property Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2015 |
| for |
| Osmaston General Property Limited |
| Osmaston General Property Limited (Registered number: 08640755) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| Osmaston General Property Limited |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Osmaston General Property Limited (Registered number: 08640755) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| 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. |
| Osmaston General Property Limited (Registered number: 08640755) |
| Abbreviated Balance Sheet - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Osmaston General Property Limited (Registered number: 08640755) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company meets its day to day working capital requirements when required through funds received |
| from the directors. |
| On this basis, the directors consider it appropriate to prepare the financial statements on the going |
| concern basis. |
| 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). |
| Turnover |
| Turnover represents rent receivable. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in market value is transferred to a revaluation reserve. |
| No provision is made for depreciation of investment properties. This departure from the requirements |
| of the Companies Act 2006 which require all properties to be depreciated is, in the opinion of the |
| director, necessary for the financial statements to show a true and fair view in accordance with |
| applicable accounting standards. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not |
| reversed at the balance sheet date. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Osmaston General Property Limited (Registered number: 08640755) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the year ended 31 March 2015 and |
| the period ended 31 March 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Osmaston General Property Limited (Registered number: 08640755) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| The balances due to Dr I R Shand, Dr S P Stanley-Smith, Dr C E J Warner, Dr P Sagar, Dr M M M |
| Artus, Dr U Artus, Dr B S Patel and Dr Z C Lewis shown above are included within creditors (note 6). |
| These loans are interest free and unsecured with no fixed repayment date. |
| 6. | ULTIMATE CONTROLLING PARTY |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Osmaston General Property Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
| pages two to six) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
| the financial statements of Osmaston General Property Limited for the year ended 31 March 2015 which |
| comprise the Profit and Loss Account, 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 (ICAEW), 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 Osmaston General Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Osmaston General Property Limited and state those matters that we have agreed to state to the Board of Directors of Osmaston General Property Limited, 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 the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Osmaston General Property 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 loss of Osmaston General Property Limited. You consider that Osmaston General Property 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 Osmaston |
| General Property 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. |
| Chartered Accountants |
| Date: ............................................. |