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REGISTERED NUMBER: 10676402 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

OYSTER WHARF DEVELOPMENTS LIMITED

OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OYSTER WHARF DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr O Emmanouilides





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10676402 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Stocks 5 616,244 543,302
Debtors 6 3,514,376 3,503,526
Cash at bank 599 42,255
4,131,219 4,089,083
CREDITORS
Amounts falling due within one year 7 290,884 252,595
NET CURRENT ASSETS 3,840,335 3,836,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,840,435

3,836,588

CREDITORS
Amounts falling due after more than one
year

8

2,114,905

2,114,905
NET ASSETS 1,725,530 1,721,683

CAPITAL AND RESERVES
Called up share capital 9 1,761,000 1,761,000
Retained earnings 10 (35,470 ) (39,317 )
SHAREHOLDERS' FUNDS 1,725,530 1,721,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 November 2024 and were signed by:





Mr O Emmanouilides - Director


OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Oyster Wharf Developments 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.

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results of the year as set out above.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated
impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any
accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the
transaction price. At each reporting date, the investments are measured at fair value, with changes in fair
value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair
value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to
whether the distributions are from

OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at
cost less any accumulated impairment losses.

Investments in jointly controlled entities accounted for in accordance with the fair value model are initially
recorded at the transaction price. At each reporting date, the investments are measured at fair value, with
changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to
measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to
whether the distributions are from accumulated profits of the joint venture arising before or after the date of
acquisition

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the
asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting
date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an
individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the
asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset
and generates cash inflows that largely independent of the cash inflows from other assets or groups of
assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from the
synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned
to those units.

Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference
shares are publicly traded or their fair value can otherwise be measured reliably, the investment is
subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such
investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for
an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate,
in which case the asset is measured at the present value of the future payments discounted at a market rate
of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit
or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment

OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
loss is recognised in profit or loss immediately.


Financial instruments (continued)
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either assessed
individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.

Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate costs of lease incentives are recognised as a reduction to income over the lease term on a straight line basis. Costs, including depreciation, incurred in earning the leases income are recognised as a expenses. Any initial direct costs incurred and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the basis as the lease income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

5. STOCKS
30.6.24 30.6.23
£    £   
Work in progress 616,244 543,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amount due from related
party 201,402 201,402
Accrued interest receivable 60,025 51,903
Other debtors 3,248,520 3,248,520
VAT 4,429 1,701
3,514,376 3,503,526

OYSTER WHARF DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10676402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other Debtors include an Unsecured Perpetual Annuity Bond of £3,248,520 issued by the wholly owned
subsidiary Oyster Wharf Trading Limited.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,028 29,906
Amount due to related parties 198,285 172,515
Directors' current accounts 89,321 48,924
Accrued expenses 1,250 1,250
290,884 252,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Shareholders Loans 2,114,905 2,114,905

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,761,000 Ordinary shares 1 1,761,000 1,761,000

10. RESERVES
Retained
earnings
£   

At 1 July 2023 (39,317 )
Profit for the year 3,847
At 30 June 2024 (35,470 )