Omar Propco Ltd Accounts






Omar Propco Ltd
	Company No. 08707159
		Abbreviated Accounts
		30 September 2016

at	30 September 2016

Company No.		08707159	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	53,703	53,703

				53,703	53,703
Current assets



	Cash at bank and in hand			1,539	367
				1,539	367
Creditors: Amounts falling due within one year				(54,284)	(52,314)
Net current liabilities				(52,745)	(51,947)
Total assets less current liabilities				958	1,756




Net assets				958	1,756

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			858	1,656

Shareholder's funds				958	1,756

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 26 January 2017

And signed on its behalf by:

O. Pervez
Director
26 January 2017

for the year ended 30 September 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Freehold investment property

In accordance with the FRSSE, investment properties are revalued annually and any surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 October 2015	53,703	53,703




	At 30 September 2016	53,703	53,703







	Net book values
	At 30 September 2016	53,703	53,703
	At 30 September 2015	53,703	53,703

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100




				100	100