Oakborne Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09403591 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

OAKBORNE INVESTMENTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A Mehta

Mr B N Mehta

REGISTERED OFFICE:

75 Park Lane

Croydon

England

CR9 1XS

REGISTERED NUMBER:

09403591 (England and Wales)

ACCOUNTANTS:

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Oakborne Investments Limited for the year ended 31 March 2018 which comprise the Income

Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oakborne Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakborne Investments Limited and state those matters that we have agreed to state to the Board of Directors of Oakborne Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakborne Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oakborne Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Oakborne Investments Limited. You consider that Oakborne Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakborne Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kings Mill Partnership

75 Park Lane

Croydon

Surrey

CR9 1XS

22 November 2018

FIXED ASSETS

Investment property

4

812,819

-

CURRENT ASSETS

Debtors

5

483,577

404,448

Cash at bank

34,598

165,101

518,175

569,549

CREDITORS

Amounts falling due within one year

6

110,949

79,995

NET CURRENT ASSETS

407,226

489,554

TOTAL ASSETS LESS CURRENT LIABILITIES

1,220,045

489,554

CREDITORS

Amounts falling due after more than one year

7

942,728

199,470

NET ASSETS

277,317

290,084

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

277,217

289,984

SHAREHOLDERS' FUNDS

277,317

290,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 22 November 2018 and were signed on its behalf by:

Mr B N Mehta - Director

1.	STATUTORY INFORMATION

Oakborne Investments 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.

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.

Investment property

Investment properties are recognised initially at cost and subsequently at market value based on the amount at

which the asset could be exchanged between knowledgable parties at arm's length. Surpluses or deficits on

individual properties are transferred to the investment revaluation reserve, except that a deficit which is expected

to be permanent and which is in excess of any previously recognised surplus over cost relating to the same

property, or the reversal of such a deficit, is charged to the profit and loss account. Other deficits on revaluation

not expected to be permanent are taken to the statement of recognised gains and losses.

The treatment for the company's investment properties is a departure from the requirements of the Companies

Act 2006 concerning the depreciation of fixed assets. However, these properties are not held for consumption but

for investment and the director considers that systematic annual depreciation would be inappropriate. The

accounting policy adopted is therefore necessary for the accounts to show true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

812,819

At 31 March 2018

812,819

NET BOOK VALUE

At 31 March 2018

812,819

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

483,577

404,448

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

28,167

-

Taxation and social security

78,682

77,025

Other creditors

4,100

2,970

110,949

79,995

The bank loans and overdrafts are secured by a charge over the assets of the company.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

272,949

-

Other creditors

669,779

199,470

942,728

199,470