Ovalfriar Limited - Limited company - abbreviated

REGISTERED NUMBER: 01060640 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

OVALFRIAR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P J Sears

Mrs H J Sears

SECRETARY:

Mrs H J Sears

REGISTERED OFFICE:

Burgin & Co

Artichoke House

11 Swingate

Grantham

Lincolnshire

NG31 6RJ

REGISTERED NUMBER:

01060640 (England and Wales)

ACCOUNTANTS:

Burgin & Company

Artichoke House

11 Swinegate

Grantham

Lincolnshire

NG31 6RJ

CURRENT ASSETS

Debtors

70,160

70,041

Investments

618,993

Cash at bank

737

765

689,890

689,799

CREDITORS

Amounts falling due within one year

127,223

108,747

NET CURRENT ASSETS

562,667

581,052

TOTAL ASSETS LESS CURRENT
LIABILITIES

562,667

581,052

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

562,567

580,952

SHAREHOLDERS' FUNDS

562,667

581,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 March 2016 and were signed on its
behalf by:

Mr P J Sears - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Turnover

Turnover represents rents received from investment properties, sales of development properties and

the company's share of profits from joint property ventures, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the average rate of exchange.

Investments

Investments represent the cost of investments to develop properties. This includes some investments

in joint ventures in which the company does not have a controlling interest.

Investments are stated at the lower of cost and net realisable value.

The company's share of development profits from joint ventures is included in the accounts on a

receipt basis.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

Ovalfriar Limited - Limited company - abbreviated - 11.9

Ovalfriar Limited - Limited company - abbreviated - 11.9