Great Oakley Homes Ltd 11402354 true 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Development of building projects Digita Accounts Production Advanced 6.30.9574.0 true Mr Pankaj Meghji Shah Mr Timothy Simon Racher 11402354 2022-07-01 2023-06-30 11402354 2023-06-30 11402354 bus:OrdinaryShareClass1 2023-06-30 11402354 core:RetainedEarningsAccumulatedLosses 2023-06-30 11402354 core:ShareCapital 2023-06-30 11402354 core:CurrentFinancialInstruments 2023-06-30 11402354 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11402354 bus:FRS102 2022-07-01 2023-06-30 11402354 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11402354 bus:FullAccounts 2022-07-01 2023-06-30 11402354 bus:RegisteredOffice 2022-07-01 2023-06-30 11402354 bus:Director1 2022-07-01 2023-06-30 11402354 bus:Director2 2022-07-01 2023-06-30 11402354 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11402354 bus:EntityNoLongerTradingButTradedInPast 2022-07-01 2023-06-30 11402354 bus:Consolidated 2022-07-01 2023-06-30 11402354 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11402354 countries:EnglandWales 2022-07-01 2023-06-30 11402354 2021-07-01 2022-06-30 11402354 2022-06-30 11402354 bus:OrdinaryShareClass1 2022-06-30 11402354 core:RetainedEarningsAccumulatedLosses 2022-06-30 11402354 core:ShareCapital 2022-06-30 11402354 core:CurrentFinancialInstruments 2022-06-30 11402354 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11402354

Great Oakley Homes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Great Oakley Homes Ltd

Profit and Loss Account for the Year Ended 30 June 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Great Oakley Homes Ltd

(Registration number: 11402354)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

373

Cash at bank and in hand

 

1,275

1,209

 

1,275

1,582

Creditors: Amounts falling due within one year

6

(44,578)

(44,884)

Net liabilities

 

(43,303)

(43,302)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(43,403)

(43,402)

Shareholders' deficit

 

(43,303)

(43,302)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 February 2024 and signed on its behalf by:
 

.........................................
Mr Pankaj Meghji Shah
Director

 

Great Oakley Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

These financial statements were authorised for issue by the Board on 1 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Great Oakley Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Stocks

2023
£

2022
£

4

Debtors

Current

2023
£

2022
£

Directors current account

-

373

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

1,275

1,209

 

Great Oakley Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

32,802

44,350

Accruals

 

534

534

Directors current account

 

11,242

-

 

44,578

44,884

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Share issued of £1 each

100

100

100

100

         

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

32,802

44,350

9

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).