Oakwood Property Investments Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04137808 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Oakwood Property Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J A Billett

Ms N A Taylor

SECRETARY:

Ms N A Taylor

REGISTERED OFFICE:

2 Temple Street

Keynsham

Bristol

BS31 1EG

REGISTERED NUMBER:

04137808 (England and Wales)

ACCOUNTANTS:

Grafton Jones

Chartered Tax Advisors

and Business Accountants

2 Temple Street

Bristol

BS31 1EG

FIXED ASSETS

Investment property

3

349,969

501,969

CURRENT ASSETS

Cash at bank

24,184

2,371

CREDITORS

Amounts falling due within one year

4

(36,635

)

(24,614

)

NET CURRENT LIABILITIES

(12,451

)

(22,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

337,518

479,726

CREDITORS

Amounts falling due after more than one year

5

(268,630

)

(393,767

)

PROVISIONS FOR LIABILITIES

(6,153

)

(7,256

)

NET ASSETS

62,735

78,703

CAPITAL AND RESERVES

Called up share capital

550

550

Undistributable reserves

24,612

29,025

Retained earnings

37,573

49,128

SHAREHOLDERS' FUNDS

62,735

78,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 May 2017 and were signed on its behalf by:

Ms N A Taylor - Director

1.	STATUTORY INFORMATION

Oakwood Property Investments Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to the profit and loss reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2016

501,969

Disposals

(152,000

)

At 31 January 2017

349,969

NET BOOK VALUE

At 31 January 2017

349,969

At 31 January 2016

501,969

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade creditors

73

3,813

Taxation and social security

1,369

2,807

Other creditors

35,193

17,994

36,635

24,614

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Other creditors

268,630

393,767

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £43,000 (2016 - £12,000) were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the Director Mrs J A Billett, by virtue of the fact that she owns

100% of the share capital.