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REGISTERED NUMBER: 05973770 (England and Wales)















SEVENTEEN OAKS LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2023






SEVENTEEN OAKS LIMITED (REGISTERED NUMBER: 05973770)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SEVENTEEN OAKS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: B Poyner
Z Poyner





SECRETARY: Z Poyner





REGISTERED OFFICE: 11 New Street
Pontnewydd
Cwmbran
NP44 1EE





REGISTERED NUMBER: 05973770 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

SEVENTEEN OAKS LIMITED (REGISTERED NUMBER: 05973770)

Balance Sheet
31 October 2023

31.10.23 31.10.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,540,000 698,399

CURRENT ASSETS
Cash at bank 162,157 14,757

CREDITORS
Amounts falling due within one year 5 272,515 298,712
NET CURRENT LIABILITIES (110,358 ) (283,955 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,642

414,444

CREDITORS
Amounts falling due after more than one year 6 (630,541 ) (276,136 )

PROVISIONS FOR LIABILITIES (159,759 ) -
NET ASSETS 639,342 138,308

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 479,277 -
Retained earnings 160,064 138,307
639,342 138,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





B Poyner - Director


SEVENTEEN OAKS LIMITED (REGISTERED NUMBER: 05973770)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Seventeen Oaks 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 the 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 698,399
Additions 202,565
Revaluations 639,036
At 31 October 2023 1,540,000
NET BOOK VALUE
At 31 October 2023 1,540,000
At 31 October 2022 698,399

SEVENTEEN OAKS LIMITED (REGISTERED NUMBER: 05973770)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 639,036
Cost 900,964
1,540,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
as restated
£    £   
Taxation and social security 5,338 3,804
Other creditors 267,177 294,908
272,515 298,712

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
as restated
£    £   
Bank loans 630,541 276,136

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 630,541 276,136

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
as restated
£    £   
Bank loans 630,541 -

The mortgages are secured by a fixed charge over specific properties held by the company.

8. RESERVES
Fair
value
reserve
£   
Transfer 479,277

At 31 October 2023 479,277