OLIVER BURN RESIDENTIAL LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
Company Registration No. 03574320 (England and Wales)
OLIVER BURN RESIDENTIAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
OLIVER BURN RESIDENTIAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
988,513
989,139
Current assets
Stocks
-
153,214
Debtors
332,475
317,991
Cash at bank and in hand
306,001
317,601
638,476
788,806
Creditors: amounts falling due within one year
(899,732)
(1,147,429)
Net current liabilities
(261,256)
(358,623)
Total assets less current liabilities
727,257
630,516
Creditors: amounts falling due after more than one year
(352,626)
(352,626)
Provisions for liabilities
(1,471)
(1,305)
373,160
276,585
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
373,060
276,485
Shareholders' funds
373,160
276,585
OLIVER BURN RESIDENTIAL LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 August 2017
Mrs D Brodnock
Mr E Brodnock
Director
Director
Company Registration No. 03574320
OLIVER BURN RESIDENTIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
1,225,306
Additions
2,216
At 30 November 2016
1,227,522
Depreciation
At 1 December 2015
236,167
Charge for the year
2,842
At 30 November 2016
239,009
Net book value
At 30 November 2016
988,513
At 30 November 2015
989,139
OLIVER BURN RESIDENTIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Ultimate parent company
The ultimate controlling party is
Mr E Brodnock a director and shareholder.