Oaks Town Properties Limited Accounts

OAKS TOWN PROPERTIES LIMITED - Company Information






Oaks Town Properties Limited
	Company No. 03251934
		Abbreviated Accounts
		30 September 2015

at	30 September 2015

Company No.		03251934	Notes	2015	2014
				£	£
Fixed assets

	Tangible assets		2	238,179	227,869

				238,179	227,869
Current assets
	Stocks			343,742	307,753
	Debtors			3,543	5,540

	Cash at bank and in hand			382,641	369,366
				729,926	682,659
Creditors: Amounts falling due within one year				(64,483)	(58,432)
Net current assets				665,443	624,227
Total assets less current liabilities				903,622	852,096
Creditors: Amounts falling due after more than one year				(10,236)	-
Provisions for liabilities
	Deferred taxation			(10,276)	(8,214)

Net assets				883,110	843,882

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			883,010	843,782

Shareholders' funds				883,110	843,882

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 19 April 2016

And signed on its behalf by:

S. Gantley
Director
19 April 2016

for the year ended 30 September 2015

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) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 October 2014	293,094	293,094
	Additions	24,788	24,788


	Disposals	(3,500)	(3,500)
	At 30 September 2015	314,382	314,382
	Amortisation
	At 1 October 2014	65,225	65,225
	Charge for the year	12,508	12,508


	Disposals	(1,530)	(1,530)
	At 30 September 2015	76,203	76,203
	Net book values
	At 30 September 2015	238,179	238,179
	At 30 September 2014	227,869	227,869

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100




				100	100