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REGISTERED NUMBER: 05051391 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

OAKRIDGE FARM LIMITED

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKRIDGE FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr M R Mottershead
Mr D Mottershead





REGISTERED OFFICE: The Hills
The Down
Bridgnorth
Shropshire
WV16 6UB





REGISTERED NUMBER: 05051391 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

BALANCE SHEET
31ST MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
13,500 Intangible assets 4 9,000
1,496,457 Tangible assets 5 1,449,604
1,509,957 1,458,604

CURRENT ASSETS
932,801 Debtors 6 607,227

CREDITORS
910,381 Amounts falling due within one year 7 610,364
22,420 NET CURRENT (LIABILITIES)/ASSETS (3,137 )
1,532,377 TOTAL ASSETS LESS CURRENT LIABILITIES 1,455,467

CREDITORS
(383,649 ) Amounts falling due after more than one
year

8

(168,719

)

(187,152 ) PROVISIONS FOR LIABILITIES 9 (199,788 )
961,576 NET ASSETS 1,086,960

CAPITAL AND RESERVES
6 Called up share capital 6
961,570 Retained earnings 1,086,954
961,576 SHAREHOLDERS' FUNDS 1,086,960

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 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.

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

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.

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 23rd December 2024 and were signed on its behalf by:





Mr D Mottershead - Director


OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

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

1. STATUTORY INFORMATION

Oakridge Farm 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 10% 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.

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 90,001
AMORTISATION
At 1st April 2023 76,501
Charge for year 4,500
At 31st March 2024 81,001
NET BOOK VALUE
At 31st March 2024 9,000
At 31st March 2023 13,500

5. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST
At 1st April 2023 2,429,106 114,408 1,389,277
Additions 45,340 - 39,039
At 31st March 2024 2,474,446 114,408 1,428,316
DEPRECIATION
At 1st April 2023 932,649 - 739,943
Charge for year 92,193 - 53,740
At 31st March 2024 1,024,842 - 793,683
NET BOOK VALUE
At 31st March 2024 1,449,604 114,408 634,633
At 31st March 2023 1,496,457 114,408 649,334

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Wind
Equipment vehicles turbine
£    £    £   
COST
At 1st April 2023 10,738 - 914,683
Additions - 6,301 -
At 31st March 2024 10,738 6,301 914,683
DEPRECIATION
At 1st April 2023 9,769 - 182,937
Charge for year 291 1,575 36,587
At 31st March 2024 10,060 1,575 219,524
NET BOOK VALUE
At 31st March 2024 678 4,726 695,159
At 31st March 2023 969 - 731,746

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Wind
Totals machinery turbine
£    £    £   
COST
At 1st April 2023
and 31st March 2024 1,518,568 603,885 914,683
DEPRECIATION
At 1st April 2023 333,908 150,971 182,937
Charge for year 66,781 30,194 36,587
At 31st March 2024 400,689 181,165 219,524
NET BOOK VALUE
At 31st March 2024 1,117,879 422,720 695,159
At 31st March 2023 1,184,660 452,914 731,746

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 228,786 725,277
Other debtors 378,441 207,524
607,227 932,801

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,267 44,031
Hire purchase contracts 204,930 231,039
Trade creditors 58,527 527,815
Taxation and social security 61,908 68,463
Other creditors 272,732 39,033
610,364 910,381

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 157,052 361,982
168,719 383,649

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 199,788 187,152

Deferred
tax
£   
Balance at 1st April 2023 187,152
Provided during year 12,636
Balance at 31st March 2024 199,788

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
Mr D Mottershead
Balance outstanding at start of year 75,771 -
Amounts advanced 293,523 75,771
Amounts repaid (228,243 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141,051 75,771

Mr M R Mottershead
Balance outstanding at start of year 10,457 -
Amounts advanced 294,408 10,457
Amounts repaid (222,293 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,572 10,457

OAKRIDGE FARM LIMITED (REGISTERED NUMBER: 05051391)

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

11. RELATED PARTY DISCLOSURES

During the year the company paid rent of £30,000 (2023: £30,000) for use of land to a partnership in which the directors of the company are members.

During the year the company paid a management charge to a partnership to which the directors are members, for the amount of £145,000 (2023: received £11,169).

During the year the company paid a management charge of £200,000 (2023: Nil) to Oakridge Energy Ltd, a company which shares common director shareholders.