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REGISTERED NUMBER: 02944685 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Oaklands Park (Tingdene) Ltd.

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oaklands Park (Tingdene) Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J Curtis





SECRETARY: Mrs H Shepherd





REGISTERED OFFICE: 134 Horncastle Road
Roughton Moor
Woodhall Spa
Lincolnshire
LN10 6UX





REGISTERED NUMBER: 02944685 (England and Wales)





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

Balance Sheet
31 March 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
1,356,966 Tangible assets 4 1,355,845

CURRENT ASSETS
211,204 Stocks 271,691
20,490 Debtors 5 18,643
102,736 Cash at bank and in hand 139,336
334,430 429,670
CREDITORS
57,338 Amounts falling due within one year 6 148,908
277,092 NET CURRENT ASSETS 280,762
1,634,058 TOTAL ASSETS LESS CURRENT LIABILITIES 1,636,607

CREDITORS
207,095 Amounts falling due after more than one
year

7

184,295
1,426,963 NET ASSETS 1,452,312

CAPITAL AND RESERVES
2 Called up share capital 2
108,159 Revaluation reserve 9 108,159
1,318,802 Retained earnings 1,344,151
1,426,963 SHAREHOLDERS' FUNDS 1,452,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

Balance Sheet - continued
31 March 2023


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 29 September 2023 and were signed by:





Mr J Curtis - Director


Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Oaklands Park (Tingdene) Ltd. 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
Totals land machinery fittings vehicles
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 1,386,241 1,350,218 24,106 1,000 10,917
DEPRECIATION
At 1 April 2022 29,275 - 18,451 1,000 9,824
Charge for year 1,121 - 848 - 273
At 31 March 2023 30,396 - 19,299 1,000 10,097
NET BOOK VALUE
At 31 March 2023 1,355,845 1,350,218 4,807 - 820
At 31 March 2022 1,356,966 1,350,218 5,655 - 1,093

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 280 -
Other debtors 18,363 20,490
18,643 20,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 22,400 22,400
Trade creditors 95,663 10,543
Taxation and social security 11,769 15,300
Other creditors 19,076 9,095
148,908 57,338

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 184,295 207,095

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 94,695 117,495

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 206,695 229,495

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 108,159

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr J Curtis, a director of the company, has provided full security for the company's bank overdraft facility.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Curtis.