Oakforest Properties(Cross Lane) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09305334 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

OAKFOREST PROPERTIES (CROSS LANE)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Paschali

Mr R G Kilikita

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

09305334 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Stocks

2,306,895

374,400

Debtors

2

5,129

-

Cash at bank and in hand

7,819

33,448

2,319,843

407,848

CREDITORS

Amounts falling due within one year

3

1,420,352

407,748

NET CURRENT ASSETS

899,491

100

TOTAL ASSETS LESS CURRENT LIABILITIES

899,491

100

CREDITORS

Amounts falling due after more than one year

4

899,391

-

NET ASSETS

100

100

CAPITAL AND RESERVES

Called up share capital

6

100

100

SHAREHOLDERS' FUNDS

100

100

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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 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).

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

£

VAT

5,129

-

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

£

Trade creditors

8,609

4,505

Amounts owed to related party

1,411,143

402,643

Accrued expenses

600

600

1,420,352

407,748

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.16

30.11.15

£

£

Bank loans more 5 yr by instal

899,391

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

899,391

-

5.	PREFERENCE SHARES

Details of preference shares are as follows:

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

100

Ordinary

1

100

100

7.

RESERVES

Profit

and loss

account

£

Profit for the year

-

At 30 November 2016

-