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REGISTERED NUMBER: 07127047 (England and Wales)










OAKDALE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,441 1,461
Investments 5 2 -
2,443 1,461

CURRENT ASSETS
Stocks - 4,008,027
Debtors 6 3,095,015 26,488
Cash at bank 1,110 363,555
3,096,125 4,398,070
CREDITORS
Amounts falling due within one year 7 2,949,864 4,529,639
NET CURRENT ASSETS/(LIABILITIES) 146,261 (131,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,704 (130,108 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 148,604 (130,208 )
SHAREHOLDERS' FUNDS 148,704 (130,108 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th September 2024 and were signed on its behalf by:




Mrs P Walton - Director



Mr M Walton - Director


OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Oakdale Estates Limited 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: 07127047

Registered office: 7 Woodland Close
Wetherby
Leeds
LS22 6BJ

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.

The financial statements have been prepared on a going concern basis on the assumption the directors continue to provide financial support to the company.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment 25% straight line

Work in progress
Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing work in progress to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving work in progress where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Turnover and revenue recognition
Revenue principally represents the amount derived from the sale of residential property. Revenue from residential property sales represents the selling price for the unit net of any cash incentives and value added tax. This is recognised on transfer of control to the customer on legal completion and receipt of cash.

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.
Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.
Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 1,613
Additions 1,659
At 31st January 2024 3,272
DEPRECIATION
At 1st February 2023 152
Charge for year 679
At 31st January 2024 831
NET BOOK VALUE
At 31st January 2024 2,441
At 31st January 2023 1,461

OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2
At 31st January 2024 2
NET BOOK VALUE
At 31st January 2024 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Oakdale Lettings Limited
Registered office: 7 Woodland Close, Wetherby, England, LS22 6BJ
Nature of business: Other letting
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 3,081,386 -
Other debtors 13,629 26,488
3,095,015 26,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,067,680
Trade creditors 3,783 68,696
Taxation and social security 48,189 -
Other creditors 2,897,892 2,393,263
2,949,864 4,529,639

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Loan - 2,067,680
Debenture 797,445 797,445
797,445 2,865,125

The debenture is secured by fixed and floating charge over all property and assets present and future, book debts, uncalled capital, buildings, fixtures and fixed plant & machinery.

OAKDALE ESTATES LIMITED (REGISTERED NUMBER: 07127047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100