Overplace Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04285896 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Overplace Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J M Stokes

Mrs J E Stokes

SECRETARY:

Mr J M Stokes

REGISTERED OFFICE:

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

REGISTERED NUMBER:

04285896 (England and Wales)

ACCOUNTANTS:

Sweeting & Smedley Limited

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

FIXED ASSETS

Tangible assets

3

69

2,358

Investment property

4

575,000

575,000

575,069

577,358

CURRENT ASSETS

Debtors

5

3,291

3,422

Cash at bank

47,343

66,156

50,634

69,578

CREDITORS

Amounts falling due within one year

6

18,594

45,606

NET CURRENT ASSETS

32,040

23,972

TOTAL ASSETS LESS CURRENT LIABILITIES

607,109

601,330

CREDITORS

Amounts falling due after more than one year

7

(149,125

)

(149,125

)

PROVISIONS FOR LIABILITIES

(13

)

(18

)

NET ASSETS

457,971

452,187

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

457,969

452,185

SHAREHOLDERS' FUNDS

457,971

452,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2018 and were signed on its behalf by:

Mr J M Stokes - Director

1.	STATUTORY INFORMATION

Overplace 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

Investment property

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

fair value is recognised in profit or loss.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2016

2,270

1,558

3,828

Disposals

(2,270

)

(223

)

(2,493

)

At 30 November 2017

-

1,335

1,335

DEPRECIATION

At 1 December 2016

-

1,470

1,470

Charge for year

-

19

19

Eliminated on disposal

-

(223

)

(223

)

At 30 November 2017

-

1,266

1,266

NET BOOK VALUE

At 30 November 2017

-

69

69

At 30 November 2016

2,270

88

2,358

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

and 30 November 2017

575,000

NET BOOK VALUE

At 30 November 2017

575,000

At 30 November 2016

575,000

Fair value at 30 November 2017 is represented by:

£

Valuation in 2003

42,299

Valuation in 2004

10,000

Valuation in 2005

30,000

Valuation in 2006

35,000

Valuation in 2010

15,000

Valuation in 2012

20,000

Valuation in 2013

150,000

Valuation in 2014

30,000

Valuation in 2015

37,432

Cost

205,269

575,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.11.17

30.11.16

£

£

Cost

205,269

205,269

Investment property was valued on an open market basis on 30 November 2017 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Other debtors

3,291

3,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

1,511

1,677

Taxation and social security

3,132

4,481

Other creditors

13,951

39,448

18,594

45,606

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Other creditors

149,125

149,125

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.17

30.11.16

£

£

Mortgage

149,125

149,125

Paragon Mortgages have a fixed charge over the investment property.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J M Stokes.