Registration number:
Oaklands Avenue Chard Limited (A company limited by guarantee)
Chartered Accountants
Oaklands Avenue Chard Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Oaklands Avenue Chard Limited
Company Information
Directors |
T P Bishop A F Paul |
Company secretary |
Coco Property Group Limited |
Registered office |
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Accountants |
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Oaklands Avenue Chard Limited
Directors' Report
for the Year Ended 29 February 2024
The directors present their report and the financial statements for the year ended 29 February 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is the management of the communal areas of the Oaklands Avenue Estate, Chard, Somerset..
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
Company secretary
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oaklands Avenue Chard Limitedfor the Year Ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oaklands Avenue Chard Limited for the year ended 29 February 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Oaklands Avenue Chard Limited, as a body, in accordance with the terms of our engagement letter dated 15 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of Oaklands Avenue Chard Limited and state those matters that we have agreed to state to the Board of Directors of Oaklands Avenue Chard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oaklands Avenue Chard Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oaklands Avenue Chard Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Oaklands Avenue Chard Limited. You consider that Oaklands Avenue Chard Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Oaklands Avenue Chard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Accountants
34 High East Street
Dorchester
Dorset
DT1 1HA
Oaklands Avenue Chard Limited
Profit and Loss Account
for the Year Ended 29 February 2024
2024 |
2023 |
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Turnover |
- |
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Gross surplus |
- |
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Administrative expenses |
( |
( |
Operating (deficit)/surplus |
(4,340) |
344 |
(Deficit)/surplus before tax |
( |
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Taxation |
- |
- |
(Deficit)/surplus for the financial year |
( |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Oaklands Avenue Chard Limited
(Registration number: 11828166)
Balance Sheet as at 29 February 2024
Note |
2023 |
2022 |
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£ |
£ |
£ |
£ |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Profit and loss account |
( |
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Total equity |
( |
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For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Oaklands Avenue Chard Limited
Statement of Changes in Equity
for the Year Ended 29 February 2024
Profit and loss account |
Total |
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At 1 March 2023 |
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Deficit for the year |
( |
( |
At 29 February 2024 |
( |
( |
Profit and loss account |
Total |
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At 1 March 2022 |
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Surplus for the year |
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At 28 February 2023 |
526 |
526 |
Oaklands Avenue Chard Limited
Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis as the directors confirm they will continue to support the company to ensure it meets it's debts as they fall due for a period in excess of twelve months from signing the balance sheet.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from residents for services performed in the ordinary course of business.
Oaklands Avenue Chard Limited
Notes to the Unaudited Financial Statements
for the Year Ended 29 February 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.
Staff numbers |
The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was
Debtors |
Current |
2024 |
2023 |
Amounts due from lessees |
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Prepayments |
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Other debtors |
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Creditors |
2024 |
2023 |
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Due within one year |
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Amounts received in advance from lessees |
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Accruals |
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Other creditors |
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