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REGISTERED NUMBER: 02902682 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

OAKENDALE DEVELOPMENTS LIMITED

OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


OAKENDALE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr S R Bennett





SECRETARY: Mrs J P Bennett





REGISTERED OFFICE: Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH





REGISTERED NUMBER: 02902682 (England and Wales)





ACCOUNTANTS: Poole Waterfield Limited
Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH

OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 608,405 555,817

CURRENT ASSETS
Stocks 124,886 131,038
Debtors 5 2,369 2,054
Cash at bank 4,125 5,128
131,380 138,220
CREDITORS
Amounts falling due within one year 6 69,641 78,372
NET CURRENT ASSETS 61,739 59,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,144

615,665

PROVISIONS FOR LIABILITIES 7 61,592 31,505
NET ASSETS 608,552 584,160

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 285,995 259,100
Retained earnings 322,457 324,960
SHAREHOLDERS' FUNDS 608,552 584,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)

BALANCE SHEET - continued
30 JUNE 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 28 March 2024 and were signed by:





Mr S R Bennett - Director


OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Oakendale Developments 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 10% on reducing balance

Work in progress
Work in progress is 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.

OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Investment properties
The company's investment properties have not been depreciated and have been disclosed in the financial statements at valuation under the terms of Section 1A of Financial Reporting Standard 102.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 550,000 18,203 568,203
Additions - 3,522 3,522
Revaluations 50,000 - 50,000
At 30 June 2023 600,000 21,725 621,725
DEPRECIATION
At 1 July 2022 - 12,386 12,386
Charge for year - 934 934
At 30 June 2023 - 13,320 13,320
NET BOOK VALUE
At 30 June 2023 600,000 8,405 608,405
At 30 June 2022 550,000 5,817 555,817

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2015 87,587 - 87,587
Valuation in 2021 50,000 - 50,000
Valuation in 2022 160,000 - 160,000
Valuation in 2023 50,000 - 50,000
Cost 252,413 21,725 274,138
600,000 21,725 621,725

OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

If the freehold properties had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 252,413 252,413
Aggregate depreciation 81,621 76,973

Freehold properties were valued on an open market basis basis on 30 June 2023 by the director .

If the properties were sold at the values shown in the accounts the estimated tax liabilities arising on the sales would be £61,592 (2022 - £31,505).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,200 976
Other debtors 1,169 1,078
2,369 2,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 443 507
Other creditors 69,198 77,865
69,641 78,372

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 61,592 31,505

Deferred
tax
£   
Balance at 1 July 2022 31,505
Provided during year 30,087
Balance at 30 June 2023 61,592

OAKENDALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02902682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

The company also has 50 Ordinary B Shares of £1 each in issue (2021 - 50). These are redeemable by the company at par and are shown in other creditors.