Ocean House Business Centre Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07431191 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

OCEAN HOUSE BUSINESS CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J Paschali

Mr G Georgiou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

07431191 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

2

22,615

26,741

CURRENT ASSETS

Debtors

96,208

27,935

Cash at bank and in hand

56,095

84,670

152,303

112,605

CREDITORS

Amounts falling due within one year

141,590

122,764

NET CURRENT ASSETS/(LIABILITIES)

10,713

(10,159

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,328

16,582

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

33,228

16,482

SHAREHOLDERS' FUNDS

33,328

16,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 2 August 2017 and were signed on its behalf by:

Mr J Paschali - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents commercial rents receivable, hire of board room and parking allocation, excluding value

added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

46,661

DEPRECIATION

At 1 December 2015

19,920

Charge for year

4,126

At 30 November 2016

24,046

NET BOOK VALUE

At 30 November 2016

22,615

At 30 November 2015

26,741

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

ordinary

£1

100