Oyster Wharf Properties Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05134174 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

OYSTER WHARF PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O Kehoe

Mrs M Kehoe

SECRETARY:

Mr O Kehoe

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05134174 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

7,000,000

4,250,000

CURRENT ASSETS

Debtors

3,106

2,989

Cash at bank

97,553

117,162

100,659

120,151

CREDITORS

Amounts falling due within one year

201,142

529,893

NET CURRENT LIABILITIES

(100,483

)

(409,742

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,899,517

3,840,258

CREDITORS

Amounts falling due after more than one year

5

(3,614,828

)

(3,462,365

)

PROVISION FOR DEFERRED TAX

(566,747

)

(242,202

)

NET ASSETS

2,717,942

135,691

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

6

2,717,938

135,687

SHAREHOLDERS' FUNDS

2,717,942

135,691

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 August 2017 and were signed on its behalf by:

Mr O Kehoe - Director

1.	STATUTORY INFORMATION

Oyster Wharf Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

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 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2016

4,250,000

Revaluations

2,750,000

At 31 May 2017

7,000,000

NET BOOK VALUE

At 31 May 2017

7,000,000

At 31 May 2016

4,250,000

Cost or valuation at 31 May 2017 is represented by:

£

Valuation in 2009

50,000

Valuation in 2008

127,613

Valuation in 2016

2,750,000

Cost

4,072,387

7,000,000

The investment property has been valued by the directors at its open market value as at 31st May 2017.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.5.17

31.5.16

£

£

Repayable otherwise than by instalments

Other loans

782,365

782,365

Repayable by instalments

Bank loans more 5 yr by instal

2,520,000

2,580,000

6.	RETAINED EARNINGS

Allocation of retained earnings comprises of:

£

Distributable reserves

357,072

Non distributable reserves

2,360,866

2,717,938