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REGISTERED NUMBER: 12124981 (England and Wales)















OAKFIELD ESTATES (WARWICK) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 29 FEBRUARY 2024






OAKFIELD ESTATES (WARWICK) LTD (REGISTERED NUMBER: 12124981)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKFIELD ESTATES (WARWICK) LTD

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 29 FEBRUARY 2024







DIRECTORS: Mrs J Craddock
S Craddock





REGISTERED OFFICE: Easton Court Barns
Easton
Kingsbridge
Devon
TQ7 3BD





REGISTERED NUMBER: 12124981 (England and Wales)

OAKFIELD ESTATES (WARWICK) LTD (REGISTERED NUMBER: 12124981)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 1,449,665

CURRENT ASSETS
Debtors 5 - 2,045
Cash at bank 10,001 11,208
10,001 13,253
CREDITORS
Amounts falling due within one year 6 (18,088 ) (1,428,887 )
NET CURRENT LIABILITIES (8,087 ) (1,415,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,087 ) 34,031

PROVISIONS FOR LIABILITIES - (7,639 )
NET (LIABILITIES)/ASSETS (8,087 ) 26,392

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (8,187 ) 26,292
SHAREHOLDERS' FUNDS (8,087 ) 26,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OAKFIELD ESTATES (WARWICK) LTD (REGISTERED NUMBER: 12124981)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





Mrs J Craddock - Director


OAKFIELD ESTATES (WARWICK) LTD (REGISTERED NUMBER: 12124981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Oakfield Estates (Warwick) Ltd 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for holiday rental letting services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

The freehold property is not depreciated due to it's continual maintenance regime to keep it in a good state of repair for the holiday lettings market. The Directors believe that the property will increase in value rather than depreciate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

OAKFIELD ESTATES (WARWICK) LTD (REGISTERED NUMBER: 12124981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 1,409,461 90,089 1,499,550
Disposals (1,409,461 ) (90,089 ) (1,499,550 )
At 29 February 2024 - - -
DEPRECIATION
At 1 August 2023 - 49,885 49,885
Eliminated on disposal - (49,885 ) (49,885 )
At 29 February 2024 - - -
NET BOOK VALUE
At 29 February 2024 - - -
At 31 July 2023 1,409,461 40,204 1,449,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 459
Prepayments and accrued income - 1,586
- 2,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,944 100
Directors' current accounts 11,829 1,426,801
Accruals and deferred income 4,315 1,986
18,088 1,428,887

OAKFIELD ESTATES (WARWICK) LTD (REGISTERED NUMBER: 12124981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 29 FEBRUARY 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15 Ordinary A £1 15 15
15 Ordinary B £1 15 15
35 Ordinary C £1 35 35
35 Ordinary D £1 35 35
100 100