Oyster Wharf Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05134174 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

OYSTER WHARF PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J J Devereux

Mr O Kehoe

SECRETARY:

Mr O Kehoe

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05134174 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

2

4,250,000

CURRENT ASSETS

Debtors

2,989

5,222

Cash at bank

117,162

109,580

120,151

114,802

CREDITORS

Amounts falling due within one year

529,893

519,865

NET CURRENT LIABILITIES

(409,742

)

(405,063

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,840,258

3,844,937

CREDITORS

Amounts falling due after more than one
year

3

3,462,365

3,552,874

NET ASSETS

377,893

292,063

CAPITAL AND RESERVES

Called up share capital

4

Revaluation reserve

177,613

Profit and loss account

200,276

114,446

SHAREHOLDERS' FUNDS

377,893

292,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 3 August 2016 and were signed on its behalf by:

Mr O Kehoe - 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 January

2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Investment property

Individual freehold and leasehold properties are revalued every 3 years with surplus or deficit on book value

being transferred to the revaluation reserve, unless a deficit (or its reversal) is expected to be permanent, in

which case it is charged to the profit and loss account. On disposal of a revalued fixed asset, any related balance

in revaluation reserve is transferred to the profit and loss as a movement on reserves.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 June 2015

and 31 May 2016

4,250,000

NET BOOK VALUE

At 31 May 2016

4,250,000

At 31 May 2015

4,250,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.16

31.5.15

£

Repayable otherwise than by instalments

782,365

Repayable by instalments

2,580,000

2,640,000

3,362,365

3,422,365

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

4

Ordinary shares

1

4