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REGISTERED NUMBER: 02278591 (England and Wales)







Financial Statements for the Year Ended 30th April 2024

for

Oak Meadow Limited

Oak Meadow Limited (Registered number: 02278591)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Oak Meadow Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Stephen James Barnes
Jennifer Mary Barnes





SECRETARY: Jennifer Mary Barnes





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 02278591 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Oak Meadow Limited (Registered number: 02278591)

Abridged Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,358 381,225
Investment property 5 450,000 340,000
816,358 721,225

CURRENT ASSETS
Debtors 2,181 1,724
Cash at bank 92,372 137,814
94,553 139,538
CREDITORS
Amounts falling due within one year 3,293 53,779
NET CURRENT ASSETS 91,260 85,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,618

806,984

PROVISIONS FOR LIABILITIES 63,833 36,624
NET ASSETS 843,785 770,360

CAPITAL AND RESERVES
Called up share capital 17,502 17,502
Non-distributable profit and loss account 370,784 260,784
Retained earnings 455,499 492,074
SHAREHOLDERS' FUNDS 843,785 770,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:



Stephen James Barnes - Director


Oak Meadow Limited (Registered number: 02278591)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Oak Meadow 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Depreciation is not provided on freehold land and buildings as these are held for investment purposes and are revalued annually. The aggregate surplus or deficit is transferred to a revaluation reserve. The Directors consider that this accounting policy results in the accounts giving a true and fair view.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Oak Meadow Limited (Registered number: 02278591)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023 460,103
Additions 2,408
At 30th April 2024 462,511
DEPRECIATION
At 1st May 2023 78,878
Charge for year 17,275
At 30th April 2024 96,153
NET BOOK VALUE
At 30th April 2024 366,358
At 30th April 2023 381,225

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 340,000
Revaluations 110,000
At 30th April 2024 450,000
NET BOOK VALUE
At 30th April 2024 450,000
At 30th April 2023 340,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2024 110,000
Cost 340,000
450,000