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REGISTERED NUMBER: 01788677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Oastcrest Limited

Oastcrest Limited (Registered number: 01788677)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oastcrest Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Allen
Mrs C V Allen
J Allen





SECRETARY: Mrs C V Allen





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 01788677 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Oastcrest Limited (Registered number: 01788677)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94 187
Investments 5 7,367,401 -
Investment property 6 - 450,000
7,367,495 450,187

CURRENT ASSETS
Debtors 7 4,129 37
Cash at bank and in hand 54,587 7,192,701
58,716 7,192,738
CREDITORS
Amounts falling due within one year 8 1,389,325 1,378,768
NET CURRENT (LIABILITIES)/ASSETS (1,330,609 ) 5,813,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,036,886

6,264,157

CAPITAL AND RESERVES
Called up share capital 116,579 127,579
Retained earnings 5,920,307 6,136,578
SHAREHOLDERS' FUNDS 6,036,886 6,264,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Oastcrest Limited (Registered number: 01788677)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





J Allen - Director


Oastcrest Limited (Registered number: 01788677)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oastcrest 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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Oastcrest Limited (Registered number: 01788677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,662
DEPRECIATION
At 1 April 2023 2,475
Charge for year 93
At 31 March 2024 2,568
NET BOOK VALUE
At 31 March 2024 94
At 31 March 2023 187

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 7,367,401
At 31 March 2024 7,367,401
NET BOOK VALUE
At 31 March 2024 7,367,401

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 450,000
Disposals (450,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 450,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 (16,617 )

Oastcrest Limited (Registered number: 01788677)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 466,617 466,617

The investment property was valued on a fair value basis on 31 March 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,129 37

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 59,359 18,203
Other creditors 1,329,966 1,360,565
1,389,325 1,378,768