Company Registration No. 01458432 (England and Wales)
OAKLEAF PROPERTY COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
OAKLEAF PROPERTY COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OAKLEAF PROPERTY COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
198,869
198,193
Current assets
Cash at bank and in hand
65,883
39,793
Creditors: amounts falling due within one year
5
(78,201)
(45,485)
Net current liabilities
(12,318)
(5,692)
Net assets
186,551
192,501
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
186,451
192,401
Total equity
186,551
192,501

The directors 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 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 11 March 2024 and are signed on its behalf by:
Mr G J B Thomas
Director
Company Registration No. 01458432
OAKLEAF PROPERTY COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Oakleaf Property Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 58 Schooner Way, Warsash, Hants, SO31 9DB.

2.1
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.

2.2
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.

 

 

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

OAKLEAF PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Employees

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

2023
2022
Number
Number
Total
1
1
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
197,455
1,749
199,204
Additions
-
0
1,148
1,148
At 31 December 2023
197,455
2,897
200,352
Depreciation and impairment
At 1 January 2023
-
0
1,011
1,011
Depreciation charged in the year
-
0
472
472
At 31 December 2023
-
0
1,483
1,483
Carrying amount
At 31 December 2023
197,455
1,414
198,869
At 31 December 2022
197,455
738
198,193
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,275
6,325
Corporation tax
4,544
3,109
Other creditors
68,382
36,051
78,201
45,485
2023-12-312023-01-01false11 March 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr G J B ThomasMrs N L ThomasMrs N L Thomas014584322023-01-012023-12-31014584322023-12-31014584322022-12-3101458432core:LandBuildings2023-12-3101458432core:OtherPropertyPlantEquipment2023-12-3101458432core:LandBuildings2022-12-3101458432core:OtherPropertyPlantEquipment2022-12-3101458432core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3101458432core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3101458432core:CurrentFinancialInstruments2023-12-3101458432core:CurrentFinancialInstruments2022-12-3101458432core:ShareCapital2023-12-3101458432core:ShareCapital2022-12-3101458432core:RetainedEarningsAccumulatedLosses2023-12-3101458432core:RetainedEarningsAccumulatedLosses2022-12-3101458432bus:Director12023-01-012023-12-3101458432core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3101458432core:FurnitureFittings2023-01-012023-12-31014584322022-01-012022-12-3101458432core:LandBuildings2022-12-3101458432core:OtherPropertyPlantEquipment2022-12-31014584322022-12-3101458432core:LandBuildings2023-01-012023-12-3101458432core:OtherPropertyPlantEquipment2023-01-012023-12-3101458432bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101458432bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101458432bus:FRS1022023-01-012023-12-3101458432bus:AuditExemptWithAccountantsReport2023-01-012023-12-3101458432bus:Director22023-01-012023-12-3101458432bus:CompanySecretary12023-01-012023-12-3101458432bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP