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Abbreviated Unaudited Accounts |
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for the Period 19 April 2015 to 30 April 2016 |
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for |
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Orissa Capital Partners Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Period 19 April 2015 to 30 April 2016 |
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for |
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Orissa Capital Partners Limited |
Orissa Capital Partners Limited (Registered number: 09549490) |
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Contents of the Abbreviated Accounts |
for the Period 19 April 2015 to 30 April 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Orissa Capital Partners Limited |
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Company Information |
for the Period 19 April 2015 to 30 April 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Orissa Capital Partners Limited (Registered number: 09549490) |
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Abbreviated Balance Sheet |
30 April 2016 |
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Notes | £ | £ |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
Orissa Capital Partners Limited (Registered number: 09549490) |
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Abbreviated Balance Sheet - continued |
30 April 2016 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Orissa Capital Partners Limited (Registered number: 09549490) |
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Notes to the Abbreviated Accounts |
for the Period 19 April 2015 to 30 April 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis. In assessing whether the going concern |
assumption is appropriate, the director has taken into account all relevant information about the future |
trading including profit and cash forecasts. The business has a track of profitable growth and is cash |
generative and this is expected to continue. It is therefore considered appropriate to adopt the going concern |
basis of accounting in the preparation of the financial statements. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Rental income is recognised on an accrual basis. Rents receivable from tenants represents rents and |
service charges receivable in the period. |
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Where a rent-free period is included in a lease, the rental income foregone is allocated evenly over the |
period from the date of lease commencement to the earliest termination date. |
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Rental income from fixed and minimum guaranteed rent reviews is recognised on a straight-line basis over |
the shorter of the entire lease term or the period to the first break option. Where such rental income is |
recognised ahead of the related cash flow, an adjustment is made to ensure the carrying value of the related |
property including the accrued rent does not exceed the external valuation. Initial direct costs incurred in |
negotiating and arranging a new lease are amortised on a straight-line basis over the period from the date of |
lease commencement to the earliest termination date. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
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2. | INVESTMENT PROPERTY |
Total |
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COST |
Additions |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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3. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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£ |
Repayable by instalments | 159,395 |
Orissa Capital Partners Limited (Registered number: 09549490) |
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Notes to the Abbreviated Accounts - continued |
for the Period 19 April 2015 to 30 April 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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'A' Ordinary | 0.00001 |
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'B' Ordinary | 1 |
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121,001 |
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5. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by its directors. |