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REGISTERED NUMBER: 06415402 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

OAKLAND ESTATES LIMITED

OAKLAND ESTATES LIMITED (REGISTERED NUMBER: 06415402)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


OAKLAND ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr R W Giles
Mr A W Giles





REGISTERED OFFICE: West Wyche
Netherwood Lane
Crowle
Worcestershire
WR7 4AB





REGISTERED NUMBER: 06415402 (England and Wales)





ACCOUNTANTS: NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS

OAKLAND ESTATES LIMITED (REGISTERED NUMBER: 06415402)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 20,133 26,845

CURRENT ASSETS
Inventories - 312,764
Debtors 5 4,409 15,624
Cash at bank 218,848 108,234
223,257 436,622
CREDITORS
Amounts falling due within one year 6 199,677 409,162
NET CURRENT ASSETS 23,580 27,460
TOTAL ASSETS LESS CURRENT LIABILITIES 43,713 54,305

CREDITORS
Amounts falling due after more than one year 7 40,789 51,543
NET ASSETS 2,924 2,762

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 2,916 2,754
SHAREHOLDERS' FUNDS 2,924 2,762

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OAKLAND ESTATES LIMITED (REGISTERED NUMBER: 06415402)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Board of Directors and authorised for issue on 27th September 2023 and were signed on its behalf by:





Mr R W Giles - Director


OAKLAND ESTATES LIMITED (REGISTERED NUMBER: 06415402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Oakland Estates 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.

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
Revenue 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

OAKLAND ESTATES LIMITED (REGISTERED NUMBER: 06415402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022
and 31st March 2023 1,648 34,047 6,868 42,563
DEPRECIATION
At 1st April 2022 1,405 8,511 5,802 15,718
Charge for year 61 6,384 267 6,712
At 31st March 2023 1,466 14,895 6,069 22,430
NET BOOK VALUE
At 31st March 2023 182 19,152 799 20,133
At 31st March 2022 243 25,536 1,066 26,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 4,409 15,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 5,199 5,199
Trade creditors 26,857 60,320
Amounts owed to group undertakings 3,250 -
Taxation and social security 3,128 413
Other creditors 155,687 337,674
199,677 409,162

OAKLAND ESTATES LIMITED (REGISTERED NUMBER: 06415402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,723 40,278
Hire purchase contracts 6,066 11,265
40,789 51,543

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,500 18,055