Company Registration No. 10810992 (England and Wales)
OAKCREST HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
OAKCREST HOMES LIMITED
COMPANY INFORMATION
Director
J Dallimore
Company number
10810992
Registered office
16 Sarratt Avenue
Hemel Hempstead
Herts
HP2 7JN
OAKCREST HOMES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OAKCREST HOMES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
2
3,867
2,687
Cash at bank and in hand
18,036
86,361
21,903
89,048
Creditors: amounts falling due within one year
3
(13,312)
(19,843)
Net current assets
8,591
69,205
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
8,491
69,105
Total equity
8,591
69,205

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

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

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 and signed by the director and authorised for issue on 11 October 2023
J Dallimore
Director
Company Registration No. 10810992
OAKCREST HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Oakcrest Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Sarratt Avenue, Hemel Hempstead, Herts, HP2 7JN.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
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.

2
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,867
2,687
3
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
491
Corporation tax
-
0
11,347
Other taxation and social security
10,522
-
0
Other creditors
2,790
8,005
13,312
19,843
OAKCREST HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
4
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100
5
Operating lease commitments
Lessee
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