REGISTERED NUMBER: |
OAKWELL PROJECTS 2000 LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 FEBRUARY 2022 TO 30 APRIL 2023 |
REGISTERED NUMBER: |
OAKWELL PROJECTS 2000 LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
18 FEBRUARY 2022 TO 30 APRIL 2023 |
OAKWELL PROJECTS 2000 LIMITED (REGISTERED NUMBER: 13926234) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 FEBRUARY 2022 TO 30 APRIL 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
OAKWELL PROJECTS 2000 LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 18 FEBRUARY 2022 TO 30 APRIL 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Tattersall House |
East Parade |
Harrogate |
North Yorkshire |
HG1 5LT |
OAKWELL PROJECTS 2000 LIMITED (REGISTERED NUMBER: 13926234) |
BALANCE SHEET |
30 APRIL 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 | ( |
) |
Retained earnings |
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. |
OAKWELL PROJECTS 2000 LIMITED (REGISTERED NUMBER: 13926234) |
BALANCE SHEET - continued |
30 APRIL 2023 |
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 |
OAKWELL PROJECTS 2000 LIMITED (REGISTERED NUMBER: 13926234) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 FEBRUARY 2022 TO 30 APRIL 2023 |
1. | STATUTORY INFORMATION |
Oakwell Projects 2000 Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable net of value added tax. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
In accordance with SSAP 19 investment properties are revalued regularly to open market value and no depreciation is provided. The directors consider that this accounting policy results in the financial statements giving a true and fair view. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the directors, would be misleading. |
The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss account. |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
OAKWELL PROJECTS 2000 LIMITED (REGISTERED NUMBER: 13926234) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 FEBRUARY 2022 TO 30 APRIL 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | (47,997 | ) |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
Fair value at 30 April 2023 is represented by: |
£ |
Valuation in 2023 | (47,997 | ) |
Cost | 1,292,997 |
1,245,000 |
The company's investment properties were subject to a full revaluation on 30 April 2023 by a related party, Robert Austin of Robert Austin & Co, Chartered Surveyors, on an open market basis. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 18 February 2022 |
and 30 April 2023 | ( |
) |