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REGISTERED NUMBER: 08407571 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2024

FOR

OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED

OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 MARCH 2024







DIRECTORS: E D Martin
A F Robinson
T R D Coussens





SECRETARY: Evolve Block & Estate Management Ltd





REGISTERED OFFICE: 24A Southampton Road
Ringwood
Hampshire
BH24 1HY





REGISTERED NUMBER: 08407571 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED (REGISTERED

BALANCE SHEET
24 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,343 4,343

CURRENT ASSETS
Debtors 5 29,062 3,637
Cash at bank - 38,620
29,062 42,257
CREDITORS
Amounts falling due within one year 6 2,603 7,366
NET CURRENT ASSETS 26,459 34,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,802

39,234

CREDITORS
Amounts falling due after more than one
year

7

3,479

3,479
NET ASSETS 27,323 35,755

CAPITAL AND RESERVES
Called up share capital 8 29 29
Freehold reserve 9 1 1
Retained earnings 9 27,293 35,725
SHAREHOLDERS' FUNDS 27,323 35,755

OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED (REGISTERED

BALANCE SHEET - continued
24 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





T R D Coussens - Director


OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED (REGISTERED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2024


1. STATUTORY INFORMATION

Oakley Court (Ringwood) Freehold 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 for the year represents rents and ground rents received.

Tangible fixed assets
All fixed assets are initially recorded at cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 25 March 2023
and 24 March 2024 4,343
NET BOOK VALUE
At 24 March 2024 4,343
At 24 March 2023 4,343

OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED (REGISTERED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

The freehold property has been written down to £1 in respect of the 29 flats (out of 34) that have participated in the original freehold purchase or been granted a lease extension. The value in respect of those flats is in the leasehold interest rather than the original cost to the company of acquiring the freehold.

The corresponding freehold reserve has also been reduced to £1.

A further 2 flats have participated and have been granted a lease extensions.

The value remaining is equivalent to the cost of the 3 remaining non participators.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,662
Due to service charge account 28,087 -
Prepayments and accrued income 975 975
29,062 3,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 1,658 6,622
Accruals and deferred income 945 744
2,603 7,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Members loans for freehold
purchase 3,479 3,479
3,479 3,479

The members made loans to the company to cover the share of the 6 flats who did not participate in the freehold purchase. These loans are interest free and have no set terms for repayment.

OAKLEY COURT (RINGWOOD) FREEHOLD LIMITED (REGISTERED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
29 Ordinary £1 29 29

9. RESERVES
Retained Freehold
earnings reserve Totals
£    £    £   

At 25 March 2023 35,725 1 35,726
Profit for the year 7,068 - 7,068
Dividends (15,500 ) - (15,500 )
At 24 March 2024 27,293 1 27,294

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OAKLEY COURT (RINGWOOD) FREEHOLD 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 Oakley Court (Ringwood) Freehold Limited for the year ended 24 March 2024 which comprise the Statement of Income and Retained Earnings, 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 Oakley Court (Ringwood) Freehold 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 Oakley Court (Ringwood) Freehold Limited and state those matters that we have agreed to state to the Board of Directors of Oakley Court (Ringwood) Freehold 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 Oakley Court (Ringwood) Freehold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oakley Court (Ringwood) Freehold 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 profit of Oakley Court (Ringwood) Freehold Limited. You consider that Oakley Court (Ringwood) Freehold 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 Oakley Court (Ringwood) Freehold 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.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


29 January 2025