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REGISTERED NUMBER: 11705185 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED

FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED (REGISTERED NUMBER: 11705185)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr B H Luscombe
Mrs L Luscombe





REGISTERED OFFICE: Xeinadin Manchester
100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 11705185 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED (REGISTERED NUMBER: 11705185)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,130,000 908,594

CURRENT ASSETS
Debtors 5 12,181 -
Cash at bank 36,583 40,031
48,764 40,031
CREDITORS
Amounts falling due within one year 6 905,524 907,325
NET CURRENT LIABILITIES (856,760 ) (867,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,240

41,300

PROVISIONS FOR LIABILITIES 55,352 -
NET ASSETS 217,888 41,300

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 166,055 -
Retained earnings 8 51,733 41,200
SHAREHOLDERS' FUNDS 217,888 41,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 September 2024 and were signed on its behalf by:





Mr B H Luscombe - Director


FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED (REGISTERED NUMBER: 11705185)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Fiveoaks (Knutsford) Residential Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11705185. The address of the registered office is C/O KJG, 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD and principle place of business is Oakley, Green Walk, Bowdon, Altrincham, WA14 2SL.

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.

The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during that period.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from operating leases (net of any incentives given to the lessee), is recognised on a straight line basis over the term of the lease.

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.

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.

Trade and other debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.

FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED (REGISTERED NUMBER: 11705185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Trade and other creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 908,594
Revaluations 221,406
At 31 December 2023 1,130,000
NET BOOK VALUE
At 31 December 2023 1,130,000
At 31 December 2022 908,594

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 221,406
Cost 908,594
1,130,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,181 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 42,000 2,000
Taxation and social security 14,662 10,548
Other creditors 848,862 894,777
905,524 907,325

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

FIVEOAKS (KNUTSFORD) RESIDENTIAL LIMITED (REGISTERED NUMBER: 11705185)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 41,200 - 41,200
Profit for the year 216,588 216,588
Dividends (40,000 ) (40,000 )
Transfer between reserves (166,055 ) 166,055 -
At 31 December 2023 51,733 166,055 217,788