Oz Properties Limited - Abbreviated accounts 16.1

Oz Properties Limited - Abbreviated accounts 16.1

OZ PROPERTIES LIMITED - Company Information

Print Friendly Version

04317600 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043176002015-03-31043176002016-03-31043176002015-04-012016-03-31043176002014-03-31043176002014-04-012015-03-31043176002015-03-3104317600ns12:England2015-04-012016-03-3104317600ns14:PoundSterling2015-04-012016-03-3104317600ns7:Director12015-04-012016-03-3104317600ns7:OrdinaryShareClass12015-04-012016-03-3104317600ns7:CompanySecretary2015-04-012016-03-3104317600ns7:RegisteredOffice2015-04-012016-03-3104317600ns7:EntityAccountantsOrAuditors2015-04-012016-03-3104317600ns5:InvestmentProperties2016-03-3104317600ns5:InvestmentProperties2015-03-3104317600ns5:FixturesFittings2015-04-012016-03-3104317600ns5:InvestmentProperties2015-03-3104317600ns5:InvestmentProperties2015-04-012016-03-3104317600ns7:OrdinaryShareClass12016-03-3104317600ns7:OrdinaryShareClass12015-03-31













Abbreviated Accounts for the Year Ended 31 March 2016

for

Oz Properties Limited

Oz Properties Limited (Registered number: 04317600)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Oz Properties Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: E Ozbek





SECRETARY: Mrs Z Ozbek





REGISTERED OFFICE: 39 Chobham Road
Woking
Surrey
GU21 6JD





REGISTERED NUMBER: 04317600 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
39 Chobham Road
Woking
Surrey
GU21 6JD
Page 1
Oz Properties Limited (Registered number: 04317600)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 991 1,322
Investment property 3 295,000 152,130
295,991 153,452

CURRENT ASSETS
Debtors 370 832
Cash at bank 9,498 9,878
9,868 10,710
CREDITORS
Amounts falling due within one year 156,979 157,135
NET CURRENT LIABILITIES (147,111 ) (146,425 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,880 7,027

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 142,870 -
Profit and loss account 5,910 6,927
SHAREHOLDERS' FUNDS 148,880 7,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20 September 2016 and were signed by:





E Ozbek - Director


The notes form part of these abbreviated accounts

Page 2
Oz Properties Limited (Registered number: 04317600)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


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).

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

Fixtures and fittings - 25% on reducing balance

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.

In accordance with the Financial Reporting Standard for Reporting Entities, the investment properties
are held for long term investment and are included in the balance sheet at their open market value.
The surpluses or deficits on revaluation of such properties are transferred to the investment property
revaluation reserve. Depreciation is not provided in respect of the freehold investment properties. This
policy represents a departure from the statutory accounting principles which require depreciation to
be provided on all fixed assets. The directors consider that this policy is necessary in order that the
financial statements may give a fair and true view because current values and changes in current
values are of prime importance rather than the calculation of systematic annual depreciation.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 3,132
DEPRECIATION
At 1 April 2015 1,810
Charge for year 331
At 31 March 2016 2,141
NET BOOK VALUE
At 31 March 2016 991
At 31 March 2015 1,322

Page 3 continued...
Oz Properties Limited (Registered number: 04317600)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015 152,130
Revaluations 142,870
At 31 March 2016 295,000
NET BOOK VALUE
At 31 March 2016 295,000
At 31 March 2015 152,130

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4