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REGISTERED NUMBER: 10666686 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Oakland Estate Investment Ltd

Oakland Estate Investment Ltd (Registered number: 10666686)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Oakland Estate Investment Ltd

Company Information
for the Year Ended 31st March 2024







Director: H S Kaur





Registered office: 964 Eastern Avenue
Ilford
Essex
IG2 7JD





Registered number: 10666686 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX

Oakland Estate Investment Ltd (Registered number: 10666686)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £   
Fixed assets
Investment property 4 450,000 396,000

Current assets
Cash at bank 1,178 16,860

Creditors
Amounts falling due within one year (137,704 ) (136,971 )
Net current liabilities (136,526 ) (120,111 )
Total assets less current liabilities 313,474 275,889

Creditors
Amounts falling due after more than one
year

(215,709

)

(227,425

)

Provisions for liabilities (24,300 ) (8,208 )
Net assets 73,465 40,256

Capital and reserves
Called up share capital 1 1
Fair value reserve 5 65,643 27,735
Retained earnings 7,821 12,520
73,465 40,256

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Oakland Estate Investment Ltd (Registered number: 10666686)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd December 2024 and were signed by:





H S Kaur - Director


Oakland Estate Investment Ltd (Registered number: 10666686)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Oakland Estate Investment Ltd 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.

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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Oakland Estate Investment Ltd (Registered number: 10666686)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. Investment property
Total
£   
Fair value
At 1st April 2023 396,000
Revaluations 54,000
At 31st March 2024 450,000
Net book value
At 31st March 2024 450,000
At 31st March 2023 396,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2023 396,000
Valuation in 2024 54,000
450,000

5. Reserves
Fair
value
reserve
£   
At 1st April 2023 27,735
Revaluation of investment property 37,908

At 31st March 2024 65,643