Oakmere Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00650640 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

OAKMERE PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K Rowley

Mrs V E L Potter

J B Rowley

SECRETARY:

K Rowley

REGISTERED OFFICE:

34 Hartopp Road

Four Oaks

Sutton Coldfield

West Midlands

B74 2QX

REGISTERED NUMBER:

00650640 (England and Wales)

ACCOUNTANTS:

Vinings Limited

Chartered Certified Accountants

Grafton House

Bulls Head Yard

Alcester

Warwickshire

B49 5BX

FIXED ASSETS

Tangible assets

2

403

504

Investment property

3

1,785,000

1,405,527

1,785,403

1,406,031

CURRENT ASSETS

Debtors

22,286

7,667

Cash at bank

131,849

56,114

154,135

63,781

CREDITORS

Amounts falling due within one year

68,869

239,069

NET CURRENT ASSETS/(LIABILITIES)

85,266

(175,288

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,870,669

1,230,743

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

534,473

-

Profit and loss account

1,335,196

1,229,743

SHAREHOLDERS' FUNDS

1,870,669

1,230,743

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 2nd November 2016 and were signed on its behalf
by:

K Rowley - 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).

TANGIBLE FIXED ASSETS

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

Equipment

-

33% on cost and 10% on cost

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.

DEFERRED TAX

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the

extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the

foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

4,902

DEPRECIATION

At 1st April 2015

4,398

Charge for year

101

At 31st March 2016

4,499

NET BOOK VALUE

At 31st March 2016

403

At 31st March 2015

504

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2015

1,405,527

Disposals

(155,000

)

Revaluations

534,473

At 31st March 2016

1,785,000

NET BOOK VALUE

At 31st March 2016

1,785,000

At 31st March 2015

1,405,527

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2016 and

31st March 2015:

31.3.16

31.3.15

£

K Rowley

Balance outstanding at start of year

-

4,210

Amounts advanced

19,286

9,627

Amounts repaid

-

(13,837

)

Balance outstanding at end of year

19,286

-

The amount brought forward together with amounts advanced represents the highest loan to the director in the

period.

The above loan was provided by the company at an interest rate of 3.25% - £25 (2015 - £94). The loan was

provided with no fixed terms of repayment and no security provided.