Company registration number 10807343 (England and Wales)
OAKFORD HOMES MAIDENHEAD LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
OAKFORD HOMES MAIDENHEAD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
OAKFORD HOMES MAIDENHEAD LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
3,265,668
7,470,486
Debtors
3
48,351
49,315
Cash at bank and in hand
10,000
8,408
3,324,019
7,528,209
Creditors: amounts falling due within one year
4
(2,230,535)
(4,239,688)
Net current assets
1,093,484
3,288,521
Creditors: amounts falling due after more than one year
5
-
0
(2,366,282)
Net assets
1,093,484
922,239
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
1,093,384
922,139
Total equity
1,093,484
922,239

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 6 February 2024 and are signed on its behalf by:
C Coates
Director
Company registration number 10807343 (England and Wales)
OAKFORD HOMES MAIDENHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Oakford Homes Maidenhead Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hedsor Court Farm, Sheepcot Lane, Hedsor, Berkshire, SL1 8PE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

 

Land and property sales are recognised on legal completion of the sale.

 

Project and consultancy income is recognised as the development or consultancy work is completed.

 

Site management charges are recognised as the site is developed to reflect the amount of management work which has been completed.

1.3
Stocks

Work in progress and land stock is valued at the lower of cost and net realisable value. The cost of work in progress is valued at the purchase price of land and all direct development expenditure.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

OAKFORD HOMES MAIDENHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
44,157
44,157
Other debtors
4,194
5,158
48,351
49,315
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
355
Amounts owed to group undertakings
223,710
4,202,458
Other creditors
2,006,825
36,875
2,230,535
4,239,688
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
2,366,282
OAKFORD HOMES MAIDENHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
50
50
Ordinary B shares of £1 each
50
50
50
50
100
100
100
100
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Ian Meaburn
Statutory Auditor:
Myers Clark
8
Parent company

The ultimate parent company is Oakford Homes Ltd, a company incorporated in England and Wales. The parent company prepares group financial statements and copies can be obtained from Oakford Homes Office, Hedsor Court Farm, Sheepcote Lane, Hedsor, Berkshire, England, SL1 8PE.

2023-10-312022-11-01false07 February 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityThis audit opinion is unqualifiedC CoatesI Crawshay-RalstonS GreenwoodS Kemp108073432022-11-012023-10-31108073432023-10-31108073432022-10-3110807343core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3110807343core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3110807343core:Non-currentFinancialInstrumentscore:AfterOneYear2023-10-3110807343core:Non-currentFinancialInstrumentscore:AfterOneYear2022-10-3110807343core:CurrentFinancialInstruments2023-10-3110807343core:CurrentFinancialInstruments2022-10-3110807343core:ShareCapital2023-10-3110807343core:ShareCapital2022-10-3110807343core:RetainedEarningsAccumulatedLosses2023-10-3110807343core:RetainedEarningsAccumulatedLosses2022-10-3110807343core:ShareCapitalOrdinaryShares2023-10-3110807343core:ShareCapitalOrdinaryShares2022-10-3110807343bus:Director12022-11-012023-10-31108073432021-11-012022-10-3110807343core:WithinOneYear2023-10-3110807343core:WithinOneYear2022-10-3110807343core:Non-currentFinancialInstruments2023-10-3110807343core:Non-currentFinancialInstruments2022-10-3110807343bus:PrivateLimitedCompanyLtd2022-11-012023-10-3110807343bus:SmallCompaniesRegimeForAccounts2022-11-012023-10-3110807343bus:FRS1022022-11-012023-10-3110807343bus:Audited2022-11-012023-10-3110807343bus:Director22022-11-012023-10-3110807343bus:Director32022-11-012023-10-3110807343bus:Director42022-11-012023-10-3110807343bus:FullAccounts2022-11-012023-10-31xbrli:purexbrli:sharesiso4217:GBP