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REGISTERED NUMBER: 07634476 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Oakley Lorien Limited

Oakley Lorien Limited (Registered number: 07634476)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakley Lorien Limited

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: K O'Neill
D P O'Neill





REGISTERED OFFICE: 45 Green Farm Road
Newport Pagnell
Buckinghamshire
MK16 0JY





REGISTERED NUMBER: 07634476 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Oakley Lorien Limited (Registered number: 07634476)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 3,710,626 5,473,244
Investment property 6 2,757,494 2,757,494
6,468,120 8,230,738

CURRENT ASSETS
Debtors 7 1,680,345 1,602,306
Cash at bank 270,901 118,751
1,951,246 1,721,057
CREDITORS
Amounts falling due within one year 8 232,340 12,941
NET CURRENT ASSETS 1,718,906 1,708,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,187,026

9,938,854

CREDITORS
Amounts falling due after more than one year 9 - (1,610,000 )

PROVISIONS FOR LIABILITIES (228,957 ) (198,261 )
NET ASSETS 7,958,069 8,130,593

CAPITAL AND RESERVES
Called up share capital 10 500,010
Fair value reserve 686,871 594,784
Capital redemption reserve 500,000 -
Retained earnings 6,771,188 7,035,799
SHAREHOLDERS' FUNDS 7,958,069 8,130,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Oakley Lorien Limited (Registered number: 07634476)

Balance Sheet - continued
31 MAY 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 23 January 2025 and were signed on its behalf by:





D P O'Neill - Director


Oakley Lorien Limited (Registered number: 07634476)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Oakley Lorien 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Oakley Lorien Limited (Registered number: 07634476)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

Provision for liabilities - 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.

Deferred tax has been calculated on the revaluation of fixed assets & investments.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments are stated at current market value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 2,244 923 334 3,501
DEPRECIATION
At 1 June 2023
and 31 May 2024 2,244 923 334 3,501
NET BOOK VALUE
At 31 May 2024 - - - -
At 31 May 2023 - - - -

Oakley Lorien Limited (Registered number: 07634476)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 2,255,781 3,217,463 5,473,244
Disposals - (1,950,000 ) (1,950,000 )
Share of profit/(loss) - 55,030 55,030
Revaluations - 122,783 122,783
Dividends received - 9,569 9,569
At 31 May 2024 2,255,781 1,454,845 3,710,626
NET BOOK VALUE
At 31 May 2024 2,255,781 1,454,845 3,710,626
At 31 May 2023 2,255,781 3,217,463 5,473,244

Cost or valuation at 31 May 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2016 - 531,879 531,879
Valuation in 2017 - 2,057,294 2,057,294
Valuation in 2018 - 438,164 438,164
Valuation in 2019 - (727,797 ) (727,797 )
Valuation in 2020 - (629,301 ) (629,301 )
Valuation in 2021 - (1,143,742 ) (1,143,742 )
Valuation in 2022 - (228,643 ) (228,643 )
Valuation in 2023 - (131,784 ) (131,784 )
Valuation in 2024 - 122,783 122,783
Cost 2,255,781 1,165,992 3,421,773
2,255,781 1,454,845 3,710,626

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Signature Quality Refurbished Homes Limited
Registered office: 45 Green Farm Road, Newport Pagnell, Buckinghamshire, MK16 0JY
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00

Oakley Lorien Limited (Registered number: 07634476)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. FIXED ASSET INVESTMENTS - continued

Trio Square Limited
Registered office: 45 Green Farm Road, Newport Pagnell, Buckinghamshire, MK16 0JY
Nature of business: Property development
%
Class of shares: holding
Ordinary 80.00

Oakley Trio Limited
Registered office: 45 Green Farm Road, Newport Pagnell, Buckinghamshire, MK16 0JY
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00

Ertone Plastics Limited
Registered office: Unit 3 Telford Close,Aylesbury,Buckinghamshire,HP19 3DS
Nature of business: Plastic manufacturer
%
Class of shares: holding
Ordinary 100.00

Associated company

Aston Trio Limited
Registered office: 45 Green Farm Road, Newport Pagnell, Buckinghamshire, MK16 0JY
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 50.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 2,757,494
NET BOOK VALUE
At 31 May 2024 2,757,494
At 31 May 2023 2,757,494

The properties were valued by an independent third party in 2022. An independent third party valuation was obtained, and with the directors knowledge of the market, it was decided that the properties did not need to be revalued in 2023.

Oakley Lorien Limited (Registered number: 07634476)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2016 306,963
Valuation in 2017 716,946
Valuation in 2019 (396,934 )
Cost 2,130,519
2,757,494

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,672,303 1,593,541
Other debtors 8,042 8,765
1,680,345 1,602,306

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 475 2,886
Taxation and social security - 4,652
Other creditors 231,865 5,403
232,340 12,941

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1,610,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 1,610,000