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REGISTERED NUMBER: 02944685 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Oaklands Park (Tingdene) Ltd.

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)






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


Oaklands Park (Tingdene) Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J Curtis





SECRETARY: Mrs H Shepherd





REGISTERED OFFICE: 134 Horncastle Road
Roughton Moor
Woodhall Spa
Lincolnshire
LN10 6UX





REGISTERED NUMBER: 02944685 (England and Wales)





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
1,355,845 Tangible assets 4 1,354,919

CURRENT ASSETS
271,691 Stocks 110,370
18,643 Debtors 5 28,585
139,336 Cash at bank and in hand 210,803
429,670 349,758
CREDITORS
148,908 Amounts falling due within one year 6 61,047
280,762 NET CURRENT ASSETS 288,711
1,636,607 TOTAL ASSETS LESS CURRENT LIABILITIES 1,643,630

CREDITORS
184,295 Amounts falling due after more than one
year

7

162,444
1,452,312 NET ASSETS 1,481,186

CAPITAL AND RESERVES
2 Called up share capital 2
108,159 Revaluation reserve 9 108,159
1,344,151 Retained earnings 1,373,025
1,452,312 SHAREHOLDERS' FUNDS 1,481,186

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 director acknowledges his 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.

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

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 director and authorised for issue on 6 August 2024 and were signed by:





Mr J Curtis - Director


Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

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

1. STATUTORY INFORMATION

Oaklands Park (Tingdene) 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 "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.

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.
Freehold land - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
Totals land machinery fittings vehicles
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,386,241 1,350,218 24,106 1,000 10,917
DEPRECIATION
At 1 April 2023 30,396 - 19,299 1,000 10,097
Charge for year 926 - 721 - 205
At 31 March 2024 31,322 - 20,020 1,000 10,302
NET BOOK VALUE
At 31 March 2024 1,354,919 1,350,218 4,086 - 615
At 31 March 2023 1,355,845 1,350,218 4,807 - 820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 280
Other debtors 28,585 18,363
28,585 18,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 22,400 22,400
Trade creditors 8,472 95,663
Taxation and social security 12,939 11,769
Other creditors 17,236 19,076
61,047 148,908

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 162,444 184,295

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 72,844 94,695

Oaklands Park (Tingdene) Ltd. (Registered number: 02944685)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 184,844 206,695

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 108,159

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr J Curtis, a director of the company, has provided full security for the company's bank overdraft facility.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Curtis.