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REGISTERED NUMBER: 07342999 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Oakfield Manor Estates Ltd

Oakfield Manor Estates Ltd (Registered number: 07342999)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Oakfield Manor Estates Ltd (Registered number: 07342999)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,817,945 1,676,939
Investments 5 6,375,838 6,375,838
Investment property 6 14,499,525 13,250,686
23,693,308 21,303,463

CURRENT ASSETS
Stocks 21,000 21,000
Debtors 7 21,267,317 24,726,116
Cash at bank and in hand 185,552 653,644
21,473,869 25,400,760
CREDITORS
Amounts falling due within one year 8 (35,436,043 ) (3,624,338 )
NET CURRENT (LIABILITIES)/ASSETS (13,962,174 ) 21,776,422
TOTAL ASSETS LESS CURRENT LIABILITIES 9,731,134 43,079,885

CREDITORS
Amounts falling due after more than one
year

9

(7,364,949

)

(42,048,241

)

PROVISIONS FOR LIABILITIES (130,595 ) (130,595 )
NET ASSETS 2,235,590 901,049

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 12 731,518 -
Retained earnings 1,504,071 901,048
2,235,590 901,049

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 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.

Oakfield Manor Estates Ltd (Registered number: 07342999)

Balance Sheet - continued
30 November 2023


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 30 August 2024 and were signed by:





Mr W Stobart - Director


Oakfield Manor Estates Ltd (Registered number: 07342999)

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

1. STATUTORY INFORMATION

Oakfield Manor Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07342999

Registered office: Oakfield Manor Farm
Chelford Lane
Over Peover
Knutsford
Cheshire
WA16 8UQ

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the period of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 3 years straight line

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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


Oakfield Manor Estates Ltd (Registered number: 07342999)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2022 2,699,964 386,633 967,923
Additions - 1,438,965 15,951
Disposals - (12,501 ) -
Reclassification/transfer - 23,235 -
At 30 November 2023 2,699,964 1,836,332 983,874
DEPRECIATION
At 1 December 2022 2,405,220 223,575 554,693
Charge for year 73,498 34,956 84,609
Eliminated on disposal - - -
At 30 November 2023 2,478,718 258,531 639,302
NET BOOK VALUE
At 30 November 2023 221,246 1,577,801 344,572
At 30 November 2022 294,744 163,058 413,230

Oakfield Manor Estates Ltd (Registered number: 07342999)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 1,472,007 140,955 5,667,482
Additions 126,757 607 1,582,280
Disposals (10,625 ) - (23,126 )
Reclassification/transfer (23,235 ) - -
At 30 November 2023 1,564,904 141,562 7,226,636
DEPRECIATION
At 1 December 2022 680,931 126,124 3,990,543
Charge for year 226,060 8,542 427,665
Eliminated on disposal (9,517 ) - (9,517 )
At 30 November 2023 897,474 134,666 4,408,691
NET BOOK VALUE
At 30 November 2023 667,430 6,896 2,817,945
At 30 November 2022 791,076 14,831 1,676,939

5. FIXED ASSET INVESTMENTS
Shares in Interest Interest
group in joint in
undertakings venture associate Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 96,554 3,779,233 2,500,051 6,375,838
NET BOOK VALUE
At 30 November 2023 96,554 3,779,233 2,500,051 6,375,838
At 30 November 2022 96,554 3,779,233 2,500,051 6,375,838

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 13,250,686
Additions 517,320
Revaluations 1,657,706
Impairments (926,187 )
At 30 November 2023 14,499,525
NET BOOK VALUE
At 30 November 2023 14,499,525
At 30 November 2022 13,250,686

Investment Properties were valued on an open market basis by Gareth Wilson MRICS of Knight Frank LLP on 1st November 2023.

Oakfield Manor Estates Ltd (Registered number: 07342999)

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

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 1,657,706
Valuation in 2023 (926,187 )
Cost 13,768,006
14,499,525

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,895,778 1,013,049
Amounts owed by group undertakings 9,371,204 10,047,308
Amounts owed by participating interests 115,906 2,930,906
Amounts owed by joint ventures 4,191,758 4,491,758
Other debtors 5,692,671 6,243,095
21,267,317 24,726,116

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 10) 81,876 301,953
Trade creditors 751,929 708,099
Amounts owed to group undertakings 58 -
Amounts owed to participating interests 51 51
Amounts owed to joint ventures 1,848,100 1,250,100
Taxation and social security 5,068 236,703
Other creditors 32,748,961 1,127,432
35,436,043 3,624,338

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 10) 7,364,949 7,242,053
Other creditors - 34,806,188
7,364,949 42,048,241

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,037,445 -

Oakfield Manor Estates Ltd (Registered number: 07342999)

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

10. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 81,876 301,953

Amounts falling due between one and two years:
Bank loans - 1-2 years 81,876 1,375,663

Amounts falling due between two and five years:
Bank loans - 2-5 years 245,628 5,866,390

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,037,445 -

Bank borrowings are secured by fixed and floating charges over the company's assets.

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year - 226,592
Between one and five years - 642,011
- 868,603

12. RESERVES
Fair
value
reserve
£   
Transfer 731,518

At 30 November 2023 731,518