Accounts filed on 30-09-2015
Accounts filed on 30-09-2015
trueOctavia Estates Limited026475812015-09-30-1393107-1392747-747181-746821100100645826645826-747181-746821-747181-746821-747186-746826147778414774247305987305987304487304481501505555Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Depreciation
Land and Buildings Freehold is not depreciated.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Going concern
The accounts have been prepared on a going concern basis on the understanding that the directors will not be reclaiming the directors' loan account balance within the next 12 months.
5170051700516955169551700517005169551695Ordinary8501850850Ordinary Class A5015050Ordinary Class B5015050Ordinary Class C5015050Ordinary Class A1505050Ordinary Class B1121212Ordinary Class C13838382016-06-28Mr C D Lockharttruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOctavia Estates Limited2014-10-012015-09-30Octavia Estates Limited2013-10-012014-09-30Octavia Estates Limited2013-09-30Octavia Estates Limited2014-09-30Octavia Estates Limited2014-09-30Octavia Estates Limited2015-09-30 2016-06-28
