Company Registration No. 07631882 (England and Wales)
Five Oaks Green Holdings Limited
Unaudited accounts
for the year ended 31 December 2023
Five Oaks Green Holdings Limited
Unaudited accounts
Contents
Five Oaks Green Holdings Limited
Company Information
for the year ended 31 December 2023
Company Number
07631882 (England and Wales)
Registered Office
BEECHENHURST HOUSE
10 SERPENTINE ROAD
BIRMINGHAM
WEST MIDLANDS
B29 7HU
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
Five Oaks Green Holdings Limited
Statement of financial position
as at 31 December 2023
Intangible assets
2,171
2,648
Tangible assets
281,550
237,273
Investment property
18,050,000
16,633,000
Cash at bank and in hand
233,712
248
Creditors: amounts falling due within one year
(237,354)
(771,091)
Net current assets/(liabilities)
821,139
(754,502)
Total assets less current liabilities
19,154,960
16,118,519
Creditors: amounts falling due after more than one year
(12,135,667)
(9,302,814)
Provisions for liabilities
Deferred tax
(1,786,754)
(1,361,881)
Net assets
5,232,539
5,453,824
Called up share capital
1
1
Profit and loss account
5,232,538
5,453,823
Shareholders' funds
5,232,539
5,453,824
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2024 and were signed on its behalf by
Imran Din
Director
Company Registration No. 07631882
Five Oaks Green Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
Five Oaks Green Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 07631882. The registered office is BEECHENHURST HOUSE, 10 SERPENTINE ROAD, BIRMINGHAM, WEST MIDLANDS, B29 7HU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced for the rent received during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance Basis
Computer equipment
18% Reducing Balance Basis
Stock figure included within accounts is Work-in-progress. It includes all direct expenditure related to the project.
Intangible fixed assets "Brand Name" will be amortized at 18% reducing balance basis.
4
Intangible fixed assets
Other
Five Oaks Green Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
345,814
43,946
389,760
Additions
104,646
1,435
106,081
At 31 December 2023
450,460
45,381
495,841
At 1 January 2023
130,398
22,089
152,487
Charge for the year
57,611
4,193
61,804
At 31 December 2023
188,009
26,282
214,291
At 31 December 2023
262,451
19,099
281,550
At 31 December 2022
215,416
21,857
237,273
Fair value at 1 January 2023
16,633,000
Net gain from fair value adjustments
1,782,563
At 31 December 2023
18,050,000
The Investment properties valuation has been prepared in accordance with RICS valuation professional standards January 2020 (revised November 2021).
7
Investments
Subsidiary undertakings
Valuation at 1 January 2023
100
Valuation at 31 December 2023
100
Amounts falling due within one year
Amounts due from group undertakings etc.
812,694
16,341
Five Oaks Green Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Creditors: amounts falling due within one year
2023
2022
Trade creditors
183,427
732,058
Amounts owed to group undertakings and other participating interests
-
22,888
Taxes and social security
53,927
14,986
10
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
11,233,737
8,617,775
Other creditors
901,930
685,039
11
Deferred taxation
2023
2022
Accelerated capital allowances
1,786,754
1,361,881
Provision at start of year
1,361,881
1,118,772
Credited to the profit and loss account
(20,768)
(978)
Charged to other comprehensive income
445,641
244,087
Provision at end of year
1,786,754
1,361,881
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
13
Average number of employees
During the year the average number of employees was 2 (2022: 2).