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REGISTERED NUMBER: 12463980 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

The Oakfield Pavilion Ltd

The Oakfield Pavilion Ltd (Registered number: 12463980)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Oakfield Pavilion Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A K MacRae





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 12463980 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

The Oakfield Pavilion Ltd (Registered number: 12463980)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,224 36,920

CURRENT ASSETS
Stocks 6,118 6,026
Debtors 5 6,890 10,841
Cash at bank and in hand 18,143 26,753
31,151 43,620
CREDITORS
Amounts falling due within one year 6 17,460 22,045
NET CURRENT ASSETS 13,691 21,575
TOTAL ASSETS LESS CURRENT LIABILITIES 47,915 58,495

CREDITORS
Amounts falling due after more than one
year

7

985

10,446
NET ASSETS 46,930 48,049

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,830 47,949
46,930 48,049

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The Oakfield Pavilion Ltd (Registered number: 12463980)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





Mr A K MacRae - Director


The Oakfield Pavilion Ltd (Registered number: 12463980)

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

1. STATUTORY INFORMATION

The Oakfield Pavilion Ltd 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.

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
Computer equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 1 ) .

The Oakfield Pavilion Ltd (Registered number: 12463980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 44,706 984 45,690
Additions 2,630 884 3,514
At 31 March 2024 47,336 1,868 49,204
DEPRECIATION
At 1 April 2023 8,340 430 8,770
Charge for year 5,850 360 6,210
At 31 March 2024 14,190 790 14,980
NET BOOK VALUE
At 31 March 2024 33,146 1,078 34,224
At 31 March 2023 36,366 554 36,920

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,410 6,935
Other debtors 480 3,906
6,890 10,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,566 6,267
Taxation and social security 29 -
Other creditors 15,865 15,778
17,460 22,045

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 985 10,446

8. RELATED PARTY DISCLOSURES

The Director Mr A Macrae is considered to be key management personnel.