Ograc Property Letting Ltd - Accounts to registrar (filleted) - small 18.2
Ograc Property Letting Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 28 February 2018 |
| for |
| Ograc Property Letting Ltd |
| Ograc Property Letting Ltd (Registered number: 10036318) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Ograc Property Letting Ltd |
| Company Information |
| for the Year Ended 28 February 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditor |
| Chancery House |
| 30 St Johns Road |
| Woking |
| Surrey |
| GU21 7SA |
| Ograc Property Letting Ltd (Registered number: 10036318) |
| Statement of Financial Position |
| 28 February 2018 |
| 28/2/18 | 28/2/17 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Ograc Property Letting Ltd (Registered number: 10036318) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2018 |
| 1. | STATUTORY INFORMATION |
| Ograc Property Letting Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Investment property |
| Investment properties are initially measured at cost less impairment and subsequently measured at fair value |
| whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are |
| recognised in profit or loss. |
| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the |
| generally accepted accounting principle set out in FRS 102. The directors consider that because investment |
| properties are not held for consumption but for their investment potential, to depreciate them would not give a |
| true and fair view. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| Ograc Property Letting Ltd (Registered number: 10036318) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2018 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - NIL). |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| Additions |
| At 28 February 2018 |
| Net book value |
| At 28 February 2018 |
| The company's investment property comprises freehold property in Surrey. These are shown at the directors' |
| estimate of fair value at the balance sheet date. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28/2/18 | 28/2/17 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28/2/18 | 28/2/17 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28/2/18 | 28/2/17 |
| £ | £ |
| Amounts owed to group undertakings |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is a subsidiary of Bataleur Investments Limited, registered in Guernsey. The ultimate parent |
| company is Oak Trust (Guernsey) Limited, registered in Guernsey. There is no single ultimate controlling party. |