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REGISTERED NUMBER: 11675941 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Oaklands MD Limited

Oaklands MD Limited (Registered number: 11675941)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oaklands MD Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Martin
D Martin





REGISTERED OFFICE: 50 Fursby Avenue
London
N3 1PP





REGISTERED NUMBER: 11675941 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Oaklands MD Limited (Registered number: 11675941)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,488,694 1,488,694

CURRENT ASSETS
Debtors 5 38,348 57,210

CREDITORS
Amounts falling due within one year 6 1,345,693 532,548
NET CURRENT LIABILITIES (1,307,345 ) (475,338 )
TOTAL ASSETS LESS CURRENT LIABILITIES 181,349 1,013,356

CREDITORS
Amounts falling due after more than one year 7 - 819,996
NET ASSETS 181,349 193,360

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 181,347 193,358
SHAREHOLDERS' FUNDS 181,349 193,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Oaklands MD Limited (Registered number: 11675941)

Balance Sheet - continued
30 April 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 8 January 2025 and were signed on its behalf by:




M Martin - Director



D Martin - Director


Oaklands MD Limited (Registered number: 11675941)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Oaklands MD 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,488,694
NET BOOK VALUE
At 30 April 2024 1,488,694
At 30 April 2023 1,488,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by associates 38,348 54,468
Other debtors - 2,742
38,348 57,210

Oaklands MD Limited (Registered number: 11675941)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 858,265 67,508
Taxation and social security 7,354 22,745
Other creditors 480,074 442,295
1,345,693 532,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 819,996

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 491,444

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 858,265 887,504

The above loans are secured by a fixed and floating charge against the assets of the business.

9. RELATED PARTY DISCLOSURES

During the year the company received rental income of £102,000 (2023 - £102,000) from The Court Care Group Limited, a company under the control of the directors of Oaklands MD Limited.

At the year end date, The Court Care Group Limited owed the company £38,348 (2023 - £54,468).

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the two directors.