Oakhurst Close Management Company Ltd 07172976 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property management. Digita Accounts Production Advanced 6.30.9574.0 true true 07172976 2023-04-01 2024-03-31 07172976 2024-03-31 07172976 core:CurrentFinancialInstruments 2024-03-31 07172976 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07172976 bus:SmallEntities 2023-04-01 2024-03-31 07172976 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07172976 bus:FilletedAccounts 2023-04-01 2024-03-31 07172976 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07172976 bus:RegisteredOffice 2023-04-01 2024-03-31 07172976 bus:Director6 2023-04-01 2024-03-31 07172976 bus:Director7 2023-04-01 2024-03-31 07172976 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07172976 countries:AllCountries 2023-04-01 2024-03-31 07172976 2022-04-01 2023-03-31 07172976 2023-03-31 07172976 core:CurrentFinancialInstruments 2023-03-31 07172976 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07172976

Oakhurst Close Management Company Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Oakhurst Close Management Company Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Oakhurst Close Management Company Ltd

Company Information

Directors

Ms M Bowers-Clark

Mrs Victoria Louise Hood

Registered office

Unit 4 Anvil Court
Denmark Street
Wokingham
Berkshire
RG40 2BB

Accountants

Tymar Associates Limited
Chartered Certified Accountants
44 London Street
Reading
Berkshire
RG1 4SQ

 

Oakhurst Close Management Company Ltd

(Registration number: 07172976)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

2,224

719

Cash at bank and in hand

 

-

1,730

 

2,224

2,449

Creditors: Amounts falling due within one year

(92)

869

Net assets

 

2,132

3,318

Capital and reserves

 

Retained earnings

2,132

3,318

Shareholders' funds

 

2,132

3,318

For the financial year ending 31 March 2024 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 and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 7 October 2024 and signed on its behalf by:
 

.........................................
Mrs Victoria Louise Hood
Director

 

Oakhurst Close Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 4 Anvil Court
Denmark Street
Wokingham
Berkshire
RG40 2BB

These financial statements were authorised for issue by the Board on 7 October 2024.

2

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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.

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.

 

Oakhurst Close Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).