Company Registration Number 08485568 (England and Wales)
OKEN EYFFLER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2018
PAGES FOR FILING WITH REGISTRAR
OKEN EYFFLER LIMITED
BALANCE SHEET
- 1 -
2018
2017
£
£
£
£
Current assets
998,145
999,052
Creditors: amounts falling due within one year
(2,323)
(2,888)
Net current assets
995,822
996,164
Creditors: amounts falling due after more than one year
(1,151,201)
(1,132,210)
Net liabilities
(155,379)
(136,046)
Capital and reserves
(155,379)
(136,046)
Details of the company's financial commitments are shown in note 1 to these financial statements.
Oken Eyffler Limited is a private company limited by shares incorporated in England and Wales. The registered office is 34 High Street, Warwick, Warwickshire, CV34 4BE.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
For the Period ended 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
OKEN EYFFLER LIMITED
BALANCE SHEET (CONTINUED)
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These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 July 2019 and are signed on its behalf by:
T R Brown
Director
Company Registration Number 08485568
OKEN EYFFLER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
- 3 -
1
Financial instruments
A charge over the company's stock of freehold land was granted on 25th July 2016 to an infrastructure provider. The company has entered into an infrastructure provision agreement with that supplier and has agreed to meet the liabilities pursuant to that agreement. The total estimated liability under that agreement is approximately £15million and the Company, under the provisions of a co-operation agreement, entered into with two other parties expects to finance approximately £2.8million of this total liability.
Under the terms of the co-operation agreement the company expects to meet its financial obligations for the infrastructure agreement from the proceeds of sales of its land.
On 31st January 2014, the company gave a charge and floating debenture over all of its assets together with its rights under the co-operation agreement referred to above, to the Trustees of The Charity of Thomas Oken and Nicholas Eyffler in support of the loan provided to it by the charity. At 31 May 2018 the amount outstanding to the Charity in respect of the loan was £1,151,201 (2017: £1,132,210) including accrued interest.