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Registration number: 10875335

Oaklands (South Glos) Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Oaklands (South Glos) Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Oaklands (South Glos) Holdings Limited

Company Information

Director

J Clarke

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Oaklands (South Glos) Holdings Limited

(Registration number: 10875335)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

3

20

20

Current assets

 

Debtors

21,625

-

Cash at bank and in hand

 

6,718

35,673

 

28,343

35,673

Creditors: Amounts falling due within one year

4

-

(1)

Net current assets

 

28,343

35,672

Net assets

 

28,363

35,692

Capital and reserves

 

Called up share capital

5

15

30

Retained earnings

28,348

35,662

Shareholders' funds

 

28,363

35,692

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Oaklands (South Glos) Holdings Limited

(Registration number: 10875335)
Balance Sheet as at 31 December 2022

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

.........................................
J Clarke
Director

 

Oaklands (South Glos) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Oaklands (South Glos) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 2).

3

Investments

Subsidiaries

£

Cost or valuation

At 1 January 2022

20

Provision

Carrying amount

At 31 December 2022

20

At 31 December 2021

20

 

Oaklands (South Glos) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2021

Subsidiary undertakings

BS32 Limited

59 Logan Road, Bishopston, Bristol, BS7 8DS

Ordinary

100%

100%

 

     

Almondsbury Homes Limited

59 Logan Road, Bishopston, Bristol, BS7 8DS

Ordinary

100%

100%

 

     

Subsidiary undertakings

BS32 Limited

The principal activity of BS32 Limited is that of property development.

Almondsbury Homes Limited

The principal activity of Almondsbury Homes Limited is that of property development.

4

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Other creditors

-

1

5

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

15

15

30

30

         
 

Oaklands (South Glos) Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

6

Related party transactions

Loans to related parties

2022

Subsidiary
£

Total
£

Advanced

25,000

25,000

Repaid

(3,375)

(3,375)

At end of period

21,625

21,625

2021

Subsidiary
£

Total
£

At start of period

789,974

789,974

Advanced

123,249

123,249

Repaid

(913,223)

(913,223)

At end of period

-

-