Company registration number 13136605 (England and Wales)
OAK SHIELDS ESTATE PLANNING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
OAK SHIELDS ESTATE PLANNING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OAK SHIELDS ESTATE PLANNING LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
354
671
Current assets
Debtors
4
2,985
2,523
Cash at bank and in hand
1,381
6,064
4,366
8,587
Creditors: amounts falling due within one year
5
(22,304)
(11,878)
Net current liabilities
(17,938)
(3,291)
Net liabilities
(17,584)
(2,620)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(17,684)
(2,720)
Total equity
(17,584)
(2,620)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
Ms S Owen
Director
Company registration number 13136605 (England and Wales)
OAK SHIELDS ESTATE PLANNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Oak Shields Estate Planning Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chapel House, Leicester Road, Loughborough, LE11 2AF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance basis
Computers
33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
-
0
OAK SHIELDS ESTATE PLANNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 and 30 November 2023
1,377
Depreciation and impairment
At 1 December 2022
706
Depreciation charged in the year
317
At 30 November 2023
1,023
Carrying amount
At 30 November 2023
354
At 30 November 2022
671
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,306
1,901
Other debtors
679
622
2,985
2,523
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
205
-
0
Amounts owed to group undertakings
21,000
9,000
Taxation and social security
123
1,205
Other creditors
976
1,673
22,304
11,878
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
100
100
100
100
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