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REGISTERED NUMBER: 07172533 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Oakridge Developments UK Limited

Oakridge Developments UK Limited (Registered number: 07172533)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Oakridge Developments UK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Sehmi
D J Joyner





SECRETARY:





REGISTERED OFFICE: 189 Lynchford Road
Farnborough
Hampshire
GU14 6HD





REGISTERED NUMBER: 07172533 (England and Wales)





ACCOUNTANTS: Graham Best & Co
189 Lynchford Road
Farnborough
Hampshire
GU14 6HD

Oakridge Developments UK Limited (Registered number: 07172533)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,250 1,282

CURRENT ASSETS
Stocks 30,000 -
Debtors 5 314,740 425,322
Cash at bank 760 -
345,500 425,322
CREDITORS
Amounts falling due within one year 6 454,917 395,403
NET CURRENT (LIABILITIES)/ASSETS (109,417 ) 29,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

(108,167

)

31,201

CREDITORS
Amounts falling due after more than one
year

7

249,710

279,438
NET LIABILITIES (357,877 ) (248,237 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (357,979 ) (248,339 )
SHAREHOLDERS' FUNDS (357,877 ) (248,237 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Developments UK Limited (Registered number: 07172533)

Balance Sheet - continued
31 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 4 February 2025 and were signed on its behalf by:





P Sehmi - Director


Oakridge Developments UK Limited (Registered number: 07172533)

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

1. STATUTORY INFORMATION

Oakridge Developments UK 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Oakridge Developments UK Limited (Registered number: 07172533)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 6,824
Additions 383
At 31 March 2024 7,207
DEPRECIATION
At 1 April 2023 5,542
Charge for year 415
At 31 March 2024 5,957
NET BOOK VALUE
At 31 March 2024 1,250
At 31 March 2023 1,282

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 162,784 138,271
Amounts owed by group undertakings 4,167 4,167
Other debtors 147,789 282,884
314,740 425,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,305 25,190
Trade creditors 64,664 38,495
Amounts owed to group undertakings 173,727 183,010
Taxation and social security 166,579 112,348
Other creditors 35,642 36,360
454,917 395,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 249,710 279,438

Oakridge Developments UK Limited (Registered number: 07172533)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
P Sehmi
Balance outstanding at start of year (1,831 ) (22,866 )
Amounts advanced 62,100 21,035
Amounts repaid (56,100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,169 (1,831 )

D J Joyner
Balance outstanding at start of year (4,233 ) (16,695 )
Amounts advanced 11,807 12,977
Amounts repaid - (515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,574 (4,233 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oakridge Developments UK Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakridge Developments UK Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oakridge Developments UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakridge Developments UK Limited and state those matters that we have agreed to state to the Board of Directors of Oakridge Developments UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakridge Developments UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oakridge Developments UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Oakridge Developments UK Limited. You consider that Oakridge Developments UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakridge Developments UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Graham Best & Co
189 Lynchford Road
Farnborough
Hampshire
GU14 6HD


4 February 2025