Registered number
06287367
Oakwood Lettings Ltd
Filleted Accounts
31 March 2023
Oakwood Lettings Ltd
Registered number: 06287367
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,439,162 1,328,540
Current assets
Debtors 4 3,779 604
Cash at bank and in hand 9,070 88,297
12,849 88,901
Creditors: amounts falling due within one year 5 (19,018) (29,621)
Net current (liabilities)/assets (6,169) 59,280
Total assets less current liabilities 1,432,993 1,387,820
Creditors: amounts falling due after more than one year 6 (954,686) (945,267)
Provisions for liabilities (57,580) (58,445)
Net assets 420,727 384,108
Capital and reserves
Called up share capital 1 1
Profit and loss account 420,726 384,107
Shareholder's funds 420,727 384,108
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 24 December 2023
…...................................................
D Palterman
Director
Oakwood Lettings Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of accommodation and related services provided to tenants for the accounting period.
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Investments
Other
investments
£
Cost
At 1 April 2022 1,328,540
Additions 115,176
Revaluation (4,554)
At 31 March 2023 1,439,162
4 Debtors 2023 2022
£ £
Trade debtors 3,779 604
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,900 1,200
Taxation and social security costs 10,130 23,148
Other creditors 5,988 5,273
19,018 29,621
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 595,977 605,473
Other creditors 358,709 339,794
954,686 945,267
7 Other information
Oakwood Lettings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32-34 Market Street
Heanor
DE75 7NR
Oakwood Lettings Ltd 06287367 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 D Palterman No description of principal activity 06287367 2021-04-01 2022-03-31 06287367 core:WithinOneYear 2022-03-31 06287367 core:AfterOneYear 2022-03-31 06287367 core:ShareCapital 2022-03-31 06287367 core:RetainedEarningsAccumulatedLosses 2022-03-31 06287367 2022-04-01 2023-03-31 06287367 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06287367 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06287367 bus:Director40 2022-04-01 2023-03-31 06287367 countries:England 2022-04-01 2023-03-31 06287367 bus:FRS102 2022-04-01 2023-03-31 06287367 bus:FullAccounts 2022-04-01 2023-03-31 06287367 2023-03-31 06287367 core:WithinOneYear 2023-03-31 06287367 core:AfterOneYear 2023-03-31 06287367 core:ShareCapital 2023-03-31 06287367 core:RetainedEarningsAccumulatedLosses 2023-03-31 06287367 core:AdditionsToInvestments 2023-03-31 06287367 core:RevaluationsIncreaseDecreaseInInvestments 2023-03-31 06287367 2022-03-31 iso4217:GBP xbrli:pure