Silverfin false false 31/03/2024 01/04/2023 31/03/2024 R Turner 20/03/2002 R J Turner 04/12/2023 20/03/2002 S Turner 04/09/2008 12 November 2024 The principal activity of the Company during the financial year was that of a holding company. 04399097 2024-03-31 04399097 bus:Director1 2024-03-31 04399097 bus:Director2 2024-03-31 04399097 bus:Director3 2024-03-31 04399097 2023-03-31 04399097 core:CurrentFinancialInstruments 2024-03-31 04399097 core:CurrentFinancialInstruments 2023-03-31 04399097 core:Non-currentFinancialInstruments 2024-03-31 04399097 core:Non-currentFinancialInstruments 2023-03-31 04399097 core:ShareCapital 2024-03-31 04399097 core:ShareCapital 2023-03-31 04399097 core:CapitalRedemptionReserve 2024-03-31 04399097 core:CapitalRedemptionReserve 2023-03-31 04399097 core:RetainedEarningsAccumulatedLosses 2024-03-31 04399097 core:RetainedEarningsAccumulatedLosses 2023-03-31 04399097 core:CostValuation 2023-03-31 04399097 core:CostValuation 2024-03-31 04399097 2023-04-01 2024-03-31 04399097 bus:FilletedAccounts 2023-04-01 2024-03-31 04399097 bus:SmallEntities 2023-04-01 2024-03-31 04399097 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04399097 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04399097 bus:Director1 2023-04-01 2024-03-31 04399097 bus:Director2 2023-04-01 2024-03-31 04399097 bus:Director3 2023-04-01 2024-03-31 04399097 2022-04-01 2023-03-31 04399097 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 04399097 (England and Wales)

OAK HOLDINGS (STALBRIDGE) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

OAK HOLDINGS (STALBRIDGE) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

OAK HOLDINGS (STALBRIDGE) LIMITED

BALANCE SHEET

As at 31 March 2024
OAK HOLDINGS (STALBRIDGE) LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 570,000 570,000
Investments 4 99 99
570,099 570,099
Current assets
Debtors 5 954,717 918,612
Cash at bank and in hand 131,704 288,734
1,086,421 1,207,346
Creditors: amounts falling due within one year 6 ( 5,663) ( 31,453)
Net current assets 1,080,758 1,175,893
Total assets less current liabilities 1,650,857 1,745,992
Creditors: amounts falling due after more than one year 7 ( 570,000) ( 570,000)
Accruals and deferred income ( 19,000) 0
Net assets 1,061,857 1,175,992
Capital and reserves
Called-up share capital 66 66
Capital redemption reserve 33 33
Profit and loss account 1,061,758 1,175,893
Total shareholders' funds 1,061,857 1,175,992

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Oak Holdings (Stalbridge) Limited (registered number: 04399097) were approved and authorised for issue by the Board of Directors on 12 November 2024. They were signed on its behalf by:

R Turner
Director
OAK HOLDINGS (STALBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
OAK HOLDINGS (STALBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Oak Holdings (Stalbridge) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Stalbridge Timber Supplies, Limited, Station Road,, Stalbridge, Sturminster Newton, DT10 2RN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of management services to the company's subsidiary, net of value added tax. Turnover is recognised on a straight line basis over the period in which the services are provided.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Other operating income

Other operating income relates to amounts received from the company's wholly owned subsidiary for rent.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade and other debtors

Amounts owed by group undertakings are measured initially at fair value and subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

When shares are issued, any component that creates a financial liability of the company or group is presented as a liability in the balance sheet; measured initially at fair value net of transaction costs and thereafter at amortised cost until extinguished on conversion or redemption. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss. The initial fair value of the liability component is determined using a market rate for an equivalent liability without a conversion feature.

Ordinary shares not creating a financial liability of the company or group are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 570,000
As at 31 March 2024 570,000

Valuation

The directors are of the opinion that the fair value of the investment property has not changed since acquisition and the value of £570,000 is correct at 31 March 2024. The basis of this valuation is current market value.

There has been no valuation of investment property by an independent valuer.

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 99
At 31 March 2024 99
Carrying value at 31 March 2024 99
Carrying value at 31 March 2023 99

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 954,717 918,612

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 5,663 31,453

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 570,000 570,000

Other creditors comprise 570,000 10% Preference Shares of £1 each. On a winding up these Preference Shares shall be entitled to repayment of a capital sum per share equivalent to the open market value of freehold property owned by the Company as determined by a qualified valuer appointed by the directors divided by the number of 10% Preference Shares in issue and fully paid.