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REGISTERED NUMBER: 12455489 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Oakfield Road Properties Limited

Oakfield Road Properties Limited (Registered number: 12455489)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakfield Road Properties Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr T Harms
Mrs L Harms





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 12455489 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Oakfield Road Properties Limited (Registered number: 12455489)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 384 512
Investment property 5 1,402,527 1,401,900
1,402,911 1,402,412

CURRENT ASSETS
Cash at bank 44,959 10,173

CREDITORS
Amounts falling due within one year 6 (297,079 ) (299,755 )
NET CURRENT LIABILITIES (252,120 ) (289,582 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,150,791 1,112,830

CREDITORS
Amounts falling due after more than one year 7 (614,392 ) (617,850 )

PROVISIONS FOR LIABILITIES (788 ) (810 )
NET ASSETS 535,611 494,170

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Share premium 10 317,933 317,933
Fair value reserve 10 3,038 3,038
Retained earnings 10 114,640 73,199
SHAREHOLDERS' FUNDS 535,611 494,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Oakfield Road Properties Limited (Registered number: 12455489)

Balance Sheet - continued
29 February 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 20 November 2024 and were signed on its behalf by:





Mr T Harms - Director


Oakfield Road Properties Limited (Registered number: 12455489)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Oakfield Road Properties 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.
Computer equipment - 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Oakfield Road Properties Limited (Registered number: 12455489)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 799
DEPRECIATION
At 1 March 2023 287
Charge for year 128
At 29 February 2024 415
NET BOOK VALUE
At 29 February 2024 384
At 28 February 2023 512

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,401,900
Additions 627
At 29 February 2024 1,402,527
NET BOOK VALUE
At 29 February 2024 1,402,527
At 28 February 2023 1,401,900

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 164,000
Valuation in 2023 (160,250 )
Cost 1,398,777
1,402,527

If investment property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 1,398,150 1,398,150

Investment property was valued on an open market basis on 28 February 2024 by the directors .

Oakfield Road Properties Limited (Registered number: 12455489)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,750 3,750
Tax 9,867 2,844
Other creditors 4,125 3,720
Directors' current accounts 277,251 287,462
Accrued expenses 2,086 1,979
297,079 299,755

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 3,750 3,750
Bank loans - 2-5 years 2,792 6,250
Other loans more 5yrs instal 607,850 607,850
614,392 617,850

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 607,850 607,850

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Other loans 607,850 607,850

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
5,000 Ordinary A £1 50,000 5,000
5,000 Ordinary B £1 50,000 5,000
90,000 Ordinary C £1 - 90,000
100,000 100,000

Oakfield Road Properties Limited (Registered number: 12455489)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 March 2023 73,199 317,933 3,038 394,170
Profit for the year 41,441 - - 41,441
At 29 February 2024 114,640 317,933 3,038 435,611