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REGISTERED NUMBER: 07998059 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

Oak View Limited

Oak View Limited (Registered number: 07998059)






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


Oak View Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr P D Downer





REGISTERED OFFICE: Pattens Yard
Nayland Road
West Bergholt
Colchester
Essex
CO6 3DQ





REGISTERED NUMBER: 07998059 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Oak View Limited (Registered number: 07998059)

Balance Sheet
30 June 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
14,961 Tangible assets 4 11,221
760,000 Investment property 5 765,175
774,961 776,396

CURRENT ASSETS
45 Debtors 6 51
56,488 Cash at bank 97,067
56,533 97,118
CREDITORS
18,312 Amounts falling due within one year 7 16,360
38,221 NET CURRENT ASSETS 80,758
813,182 TOTAL ASSETS LESS CURRENT
LIABILITIES

857,154

110,242 PROVISIONS FOR LIABILITIES 109,306
702,940 NET ASSETS 747,848

CAPITAL AND RESERVES
80 Called up share capital 8 80
350,261 Fair value reserve 9 350,261
20 Capital redemption reserve 9 20
352,579 Retained earnings 9 397,487
702,940 SHAREHOLDERS' FUNDS 747,848

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 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.

Oak View Limited (Registered number: 07998059)

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 director and authorised for issue on 28 October 2024 and were signed by:





Mr P D Downer - Director


Oak View Limited (Registered number: 07998059)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Oak View 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.

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.

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 etc - 25% on reducing balance

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Oak View Limited (Registered number: 07998059)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 55,420
DEPRECIATION
At 1 July 2023 40,459
Charge for year 3,740
At 30 June 2024 44,199
NET BOOK VALUE
At 30 June 2024 11,221
At 30 June 2023 14,961

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 760,000
Additions 5,175
At 30 June 2024 765,175
NET BOOK VALUE
At 30 June 2024 765,175
At 30 June 2023 760,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2016 157,952
Valuation in 2017 6,890
Valuation in 2022 6,541
Valuation in 2023 260,000
Cost 333,792
765,175

The directors consider the investment property to be valued at its fair value at the balance sheet date, based on their local knowledge of property values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 51 45

Oak View Limited (Registered number: 07998059)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 13,670 15,692
Other creditors 2,690 2,620
16,360 18,312

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 80 80

9. RESERVES
Fair Capital
Retained value redemption
Totals earnings reserve reserve
£    £    £    £   

At 1 July 2023 702,860 352,579 350,261 20
Profit for the year 44,908 44,908
At 30 June 2024 747,768 397,487 350,261 20