Oz Properties Limited - Accounts to registrar (filleted) - small 18.2

Oz Properties Limited - Accounts to registrar (filleted) - small 18.2

OZ PROPERTIES LIMITED - Company Information

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Financial Statements for the Year Ended 31 March 2018

for

Oz Properties Limited
Oz Properties Limited (Registered number: 04317600)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oz Properties Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: E Ozbek





SECRETARY: Mrs Z Ozbek





REGISTERED OFFICE: 39 Chobham Road
Woking
Surrey
GU21 6JD





REGISTERED NUMBER: 04317600 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
39 Chobham Road
Woking
Surrey
GU21 6JD
Page 1
Oz Properties Limited (Registered number: 04317600)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 557 743
Investment property 5 350,000 295,000
350,557 295,743

CURRENT ASSETS
Debtors 6 436 389
Cash at bank 10,888 6,114
11,324 6,503
CREDITORS
Amounts falling due within one year 7 165,800 165,229
NET CURRENT LIABILITIES (154,476 ) (158,726 )
TOTAL ASSETS LESS CURRENT LIABILITIES 196,081 137,017

PROVISIONS FOR LIABILITIES 37,595 28,574
NET ASSETS 158,486 108,443

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,386 108,343
SHAREHOLDERS' FUNDS 158,486 108,443

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 director acknowledges his 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 director on 18 October 2018 and were signed by:



E Ozbek - Director


The notes form part of these financial statements

Page 2
Oz Properties Limited (Registered number: 04317600)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

Oz 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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 NIL (2017 - NIL).

Page 3 continued...
Oz Properties Limited (Registered number: 04317600)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2017
and 31 March 2018 3,132
DEPRECIATION
At 1 April 2017 2,389
Charge for year 186
At 31 March 2018 2,575
NET BOOK VALUE
At 31 March 2018 557
At 31 March 2017 743

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017 295,000
Revaluations 55,000
At 31 March 2018 350,000
NET BOOK VALUE
At 31 March 2018 350,000
At 31 March 2017 295,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2016 142,870
Valuation in 2018 55,000
Cost 152,130
350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 436 389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 165,800 165,229

Page 4