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REGISTERED NUMBER: 01489731 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Oakendale Investments Limited

Oakendale Investments Limited (Registered number: 01489731)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakendale Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr R Aston
Mrs C A Aston
Mr S R Aston
Miss P L Aston





SECRETARY: Mrs C A Aston





REGISTERED OFFICE: James House
Newport Road
Albrighton
Wolverhampton
West Midlands
WV7 3FA





REGISTERED NUMBER: 01489731 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Oakendale Investments Limited (Registered number: 01489731)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,873 26,746
Investments 5 - 703,707
Investment property 6 10,303,655 10,419,863
10,341,528 11,150,316

CURRENT ASSETS
Debtors 7 1,121,884 559,619
Cash at bank and in hand 3,261,551 1,048,482
4,383,435 1,608,101
CREDITORS
Amounts falling due within one year 8 890,966 643,471
NET CURRENT ASSETS 3,492,469 964,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,833,997

12,114,946

PROVISIONS FOR LIABILITIES 204,347 208,010
NET ASSETS 13,629,650 11,906,936

CAPITAL AND RESERVES
Called up share capital 9 450,002 450,002
Revaluation reserve 10 3,096,613 3,117,494
Retained earnings 10,083,035 8,339,440
SHAREHOLDERS' FUNDS 13,629,650 11,906,936

Oakendale Investments Limited (Registered number: 01489731)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 19 August 2024 and were signed on its behalf by:




Mrs C A Aston - Director



Mr R Aston - Director


Oakendale Investments Limited (Registered number: 01489731)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Oakendale Investments 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.

Changes in accounting policies
During the year property previously classified as freehold has now been transferred to investment property to more accurately present the nature of the use of the property, and to bring it in line with current accounting standards.

Turnover
The turnover shown in the profit and loss account is the amount receivable in respect of property rental. Turnover is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured

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.
Fixtures and fittings - 15% and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

Oakendale Investments Limited (Registered number: 01489731)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 30,188
Additions 15,139
At 30 November 2023 45,327
DEPRECIATION
At 1 December 2022 3,442
Charge for year 4,012
At 30 November 2023 7,454
NET BOOK VALUE
At 30 November 2023 37,873
At 30 November 2022 26,746

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022 703,707
Disposals (703,707 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 703,707

Oakendale Investments Limited (Registered number: 01489731)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 10,419,863
Additions 3,300
At 30 November 2023 10,423,163
DEPRECIATION
Charge for year 119,508
At 30 November 2023 119,508
NET BOOK VALUE
At 30 November 2023 10,303,655
At 30 November 2022 10,419,863

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 82,419 19,005
Amounts owed by group undertakings - 503,648
Other debtors 1,039,465 36,966
1,121,884 559,619

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,708 67,290
Taxation and social security 189,169 96,107
Other creditors 694,089 480,074
890,966 643,471

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
450,002 Ordinary £1 450,002 450,002

Oakendale Investments Limited (Registered number: 01489731)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. RESERVES
Revaluation
reserve
£   
At 1 December 2022 3,117,494
Transfer re excess depreciation (25,779 )
Transfer re deferred tax 4,898

At 30 November 2023 3,096,613