Registered Number 05440149
MARLBOROUGH OASIS LIMITED
Abbreviated Accounts
30 April 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 2 |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
accordance with the Financial Reporting Standard for Smaller Entities
(effective April 2008).
Turnover policy
Other accounting policies
Work in progress is valued at cost. Cost includes all direct expenditure and fixed and
variable overheads.
GOING CONCERN BASIS OF ACCOUNTING
The financial statements have been prepared on the assumption that the company is
able to carry on business as a going concern, which the directors consider appropriate
having regard to the circumstances outlined BELOW.
FUTURE TRADING AND THE CURRENT ECONOMIC ENVIRONMENT
The directors are confident that the development which this company was set up
to carry out will be completed on a profitable basis in the foreseeable future.
The company does not have any bank borrowings and the financial statements
have been prepared on the going concern basis of accounting.
3 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 May 2014: | £ |
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Advances or credits made: |
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Advances or credits repaid: |
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Balance at 30 April 2015: | £ |
guarantee by the company of a loan agreement dated 28 January 2013 made between
Andrew Oakes and George Anson.
A wrongly drafted funding agreement entered into by the company to secure finance
for the current project resulted in a loan that was made directly to the director being
included in the company's loan agreement. To correct this mis-drafting the company
was required to guarantee the loan of £200000 to the director. The directors of
Marlborough Oasis Limited consider that the debt to George Anson will be fully
recovered from Andrew Oakes and no liability will occur under the guarantee.