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Company Registration No. 08785175 (England and Wales)
Oregon Estates Limited Unaudited accounts for the year ended 31 March 2024
Oregon Estates Limited Unaudited accounts Contents
Page
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Oregon Estates Limited Company Information for the year ended 31 March 2024
Directors
A Morgan O Morgan
Company Number
08785175 (England and Wales)
Registered Office
PORTLAND HOUSE SOUTH STREET DURHAM COUNTY DURHAM DH1 4QP
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Oregon Estates Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
87,459 
97,176 
Investment property
6,562,210 
6,562,210 
Investments
1 
1 
6,649,670 
6,659,387 
Current assets
Inventories
1,188,860 
890,387 
Debtors
718,553 
919,627 
Cash at bank and in hand
39,587 
17,747 
1,947,000 
1,827,761 
Creditors: amounts falling due within one year
(5,265,426)
(5,279,955)
Net current liabilities
(3,318,426)
(3,452,194)
Total assets less current liabilities
3,331,244 
3,207,193 
Creditors: amounts falling due after more than one year
(960,583)
(944,000)
Net assets
2,370,661 
2,263,193 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,370,660 
2,263,192 
Shareholders' funds
2,370,661 
2,263,193 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by
A Morgan Director Company Registration No. 08785175
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Oregon Estates Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Oregon Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 08785175. The registered office is PORTLAND HOUSE, SOUTH STREET, DURHAM, COUNTY DURHAM, DH1 4QP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
242,260 
At 31 March 2024
242,260 
Depreciation
At 1 April 2023
145,084 
Charge for the year
9,717 
At 31 March 2024
154,801 
Net book value
At 31 March 2024
87,459 
At 31 March 2023
97,176 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
6,562,210 
At 31 March 2024
6,562,210 
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Oregon Estates Limited Notes to the Accounts for the year ended 31 March 2024
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
1 
Valuation at 31 March 2024
1 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
188,575 
176,028 
Amounts due from group undertakings etc.
302,147 
609,984 
Accrued income and prepayments
7,731 
9,116 
Other debtors
220,100 
124,499 
718,553 
919,627 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,210 
8,316 
Trade creditors
- 
6,434 
Taxes and social security
46,740 
48,709 
Other creditors
14,802 
8,550 
Loans from directors
5,156,795 
5,156,803 
Accruals
11,314 
4,700 
Deferred income
17,565 
46,443 
5,265,426 
5,279,955 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
485,583 
465,000 
Deferred income
475,000 
479,000 
960,583 
944,000 
10
Transactions with related parties
The following are related party's due to common director. Amounts owing to the company at the year end were:- Why Hyde Ltd £10,000 Portland ML Ltd £95,500 East Accommodation Ltd £504,484 Amounts owed by the company at the year end were :- Portland Jesmond Ltd £15,000 Investment AM Ltd £450,000
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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