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REGISTERED NUMBER: 10798969 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

OAKBRIDGE PROPERTY LIMITED

OAKBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 10798969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


OAKBRIDGE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A M H Reed
P T G Woolley





REGISTERED OFFICE: Derivale
38 Pen y Pound
Abergavenny
Monmouthshire
NP77RN





REGISTERED NUMBER: 10798969 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8RS

OAKBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 10798969)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,650,000 1,650,000

CURRENT ASSETS
Cash at bank 163,587 103,827

CREDITORS
Amounts falling due within one year 5 (745,390 ) (758,288 )
NET CURRENT LIABILITIES (581,803 ) (654,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,197

995,539

PROVISIONS FOR LIABILITIES (131,634 ) (131,634 )
NET ASSETS 936,563 863,905

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 935,563 862,905
936,563 863,905

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

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

OAKBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 10798969)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





P T G Woolley - Director


OAKBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 10798969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Oakbridge Property 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.

The presentation currency of the financial statements is Pound Sterling (£).

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.

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 ) .

OAKBRIDGE PROPERTY LIMITED (REGISTERED NUMBER: 10798969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,650,000
NET BOOK VALUE
At 30 June 2024 1,650,000
At 30 June 2023 1,650,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 1,650,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 21,147 13,592
VAT 4,601 4,354
Other creditors 13,350 13,350
Directors' current accounts 700,000 726,000
Accruals and deferred income 5,277 477
Accrued expenses 1,015 515
745,390 758,288

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
P T G Woolley
Balance outstanding at start of year 363,000 363,000
Amounts repaid (13,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 350,000 363,000

A M H Reed
Balance outstanding at start of year 363,000 363,000
Amounts repaid (13,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 350,000 363,000