Abbreviated Company Accounts - OVERT LTD

04830477 OVERT LTD 2016-07-31 false 2015-08-01 2016-07-31 true 04830477 2015-08-01 2016-07-31 04830477 2016-07-31 04830477 2015-07-31 04830477 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 04830477 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 04830477

OVERT LTD

Abbreviated Accounts

31 July 2016

OVERT LTD Registered Number 04830477

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,027,300	1,039,500
		1,027,300	1,039,500
Current assets
Debtors		25,078	26,976
Cash at bank and in hand		209,835	214,204
		234,913	241,180
Creditors: amounts falling due within one year	3	(195,698)	(238,623)
Net current assets (liabilities)		39,215	2,557
Total assets less current liabilities		1,066,515	1,042,057
Creditors: amounts falling due after more than one year	3	(482,000)	(514,000)
Total net assets (liabilities)		584,515	528,057
Capital and reserves
Called up share capital	4	400	400
Profit and loss account		584,115	527,657
Shareholders' funds		584,515	528,057

For the year ending 31 July 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 26 April 2017

And signed on their behalf by:
E. Sakhai, Director
H. Sakhai, Director

OVERT LTD Registered Number 04830477

Notes to the Abbreviated Accounts for the period ended 31 July 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 income from property in the United Kingdom.

Tangible assets depreciation policy
Fixed assets are stated at cost less amortisation.

Amortisation has been provided on the company's freehold investment property and a long leasehold, which has been stated at cost, including associated legal fees.

Amortisation has been provided approximately 1% of cost of the properties per annum on a straight line basis.

2Tangible fixed assets

	£
Cost
At 1 August 2015	1,170,302
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	1,170,302
Depreciation
At 1 August 2015	130,802
Charge for the year	12,200
On disposals	-
At 31 July 2016	143,002
Net book values
At 31 July 2016	1,027,300
At 31 July 2015	1,039,500

3Creditors

	2016 £	2015 £
Secured Debts	578,000	610,000

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

	2016 £	2015 £
400 Ordinary shares of £1 each	400	400