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REGISTERED NUMBER: 07369082 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OAKLANDS LEISURE LIMITED

OAKLANDS LEISURE LIMITED (REGISTERED NUMBER: 07369082)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OAKLANDS LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T S Fuller
A B Fuller
Mrs R M Fuller





SECRETARY: T S Fuller





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 07369082 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

OAKLANDS LEISURE LIMITED (REGISTERED NUMBER: 07369082)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,351 42,351

CURRENT ASSETS
Debtors 5 31,344 42,136
Cash at bank 64,826 58,483
96,170 100,619
CREDITORS
Amounts falling due within one year 6 (80,936 ) (95,977 )
NET CURRENT ASSETS 15,234 4,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,585

46,993

PROVISIONS FOR LIABILITIES 7 (1,838 ) (2,285 )
NET ASSETS 52,747 44,708

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 52,647 44,608
SHAREHOLDERS' FUNDS 52,747 44,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 3 September 2024 and were signed on its behalf by:



T S Fuller - Director


OAKLANDS LEISURE LIMITED (REGISTERED NUMBER: 07369082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Oaklands Leisure 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.

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 - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OAKLANDS LEISURE LIMITED (REGISTERED NUMBER: 07369082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 94,544
Additions 50
At 31 March 2024 94,594
DEPRECIATION
At 1 April 2023 52,193
Charge for year 3,050
At 31 March 2024 55,243
NET BOOK VALUE
At 31 March 2024 39,351
At 31 March 2023 42,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 218 11,544
Other debtors 31,126 30,592
31,344 42,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,998 19,000
Trade creditors 2,765 19,681
Taxation and social security 8,470 13,290
Other creditors 56,703 44,006
80,936 95,977

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,838 2,285

Deferred
tax
£   
Balance at 1 April 2023 2,285
Provided during year (447 )
Balance at 31 March 2024 1,838

OAKLANDS LEISURE LIMITED (REGISTERED NUMBER: 07369082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 44,608
Profit for the year 32,039
Dividends (24,000 )
At 31 March 2024 52,647

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr & Mrs TS Fuller and Mr & Mrs A B Fuller as holders of the share
capital throughout the current and previous year.
The company operates a Loan account with the Directors and the balance as at 31 March 2024 was £56,703 (31 March 2023 was £44,006).