Abbreviated Company Accounts - OVAL COMMERCIAL INVESTMENTS LIMITED

OVAL COMMERCIAL INVESTMENTS LIMITED - Company Information

06522900 OVAL COMMERCIAL INVESTMENTS LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 06522900 2015-07-01 2016-06-30 06522900 2016-06-30 06522900 2015-06-30 06522900 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 06522900 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 06522900

OVAL COMMERCIAL INVESTMENTS LIMITED

Abbreviated Accounts

30 June 2016

OVAL COMMERCIAL INVESTMENTS LIMITED Registered Number 06522900

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	1,924,436	3,028,436
Investments		-	-
		1,924,436	3,028,436
Current assets
Stocks		668,691	878,691
Debtors		1,048,334	85,583
Investments		-	-
Cash at bank and in hand		2,361	-
		1,719,386	964,274
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	3	(244,359)	(657,533)
Net current assets (liabilities)		1,475,027	306,741
Total assets less current liabilities		3,399,463	3,335,177
Creditors: amounts falling due after more than one year	3	(2,818,725)	(2,890,911)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		580,738	444,266
Capital and reserves
Called up share capital	4	100	100
Share premium account		0	0
Revaluation reserve		49,818	497,151
Other reserves		0	0
Profit and loss account		530,820	(52,985)
Shareholders' funds		580,738	444,266

For the year ending 30 June 2016 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 November 2016

And signed on their behalf by:
Alan Geoffrey Broadway, Director

OVAL COMMERCIAL INVESTMENTS LIMITED Registered Number 06522900

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

Work in progress on construction of properties is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2015	3,028,436
Additions	0
Disposals	(656,667)
Revaluations	(447,333)
Transfers	-
At 30 June 2016	1,924,436
Depreciation
At 1 July 2015	0
Charge for the year	0
On disposals	0
At 30 June 2016	0
Net book values
At 30 June 2016	1,924,436
At 30 June 2015	3,028,436

3Creditors

	2016 £	2015 £
Secured Debts	2,260,605	2,709,300
Instalment debts due after 5 years	0	0
Non-instalment debts due after 5 years	0	0

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100