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Registration number: 01147743

10 Oakland Road Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

10 Oakland Road Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

10 Oakland Road Management Limited

Company Information

Directors

Mr G House

Mrs J Osborne

Mr T J G Booth

Company secretary

Mrs J Osborne

Registered office

Fairview
Sutton
Shepton Mallet
Somerset
BA4 6QF

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

10 Oakland Road Management Limited

(Registration number: 01147743)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

300

300

Current assets

 

Debtors

4

-

200

Cash at bank and in hand

 

340

1,396

 

340

1,596

Creditors: Amounts falling due within one year

5

(612)

(468)

Net current (liabilities)/assets

 

(272)

1,128

Net assets

 

28

1,428

Capital and reserves

 

Called up share capital

6

5

5

Retained earnings

23

1,423

Shareholders' funds

 

28

1,428

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

10 Oakland Road Management Limited

(Registration number: 01147743)
Balance Sheet as at 30 November 2023

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 

.........................................
Mrs J Osborne
Company secretary and director

 

10 Oakland Road Management Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Contributions represent the amount payable by leaseholders for the provision of communal services.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and building

Recorded at cost only

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

10 Oakland Road Management Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 December 2022

300

300

At 30 November 2023

300

300

Depreciation

Carrying amount

At 30 November 2023

300

300

At 30 November 2022

300

300

Included within the net book value of land and buildings above is £300 (2022 - £300) in respect of freehold land and buildings.
 

 

10 Oakland Road Management Limited

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

4

Debtors

2023
£

2022
£

Trade debtors

-

200

-

200

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

66

60

Accruals and deferred income

546

408

612

468

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

5

5

5

5