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REGISTERED NUMBER: 00558101 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OADES PROPERTY MANAGEMENT LIMITED

OADES PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 00558101)






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


OADES PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: I D Oades
Mrs N Oades





REGISTERED OFFICE: Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN





REGISTERED NUMBER: 00558101 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

OADES PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 00558101)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 480,243 480,276

CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank 66,891 55,778
67,891 56,778
CREDITORS
Amounts falling due within one year 6 45,993 58,282
NET CURRENT ASSETS/(LIABILITIES) 21,898 (1,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,141

478,772

CREDITORS
Amounts falling due after more than one
year

7

(158,396

)

(163,434

)

PROVISIONS FOR LIABILITIES (49,631 ) (49,631 )
NET ASSETS 294,114 265,707

CAPITAL AND RESERVES
Called up share capital 3,800 3,800
Revaluation reserve 8 198,526 198,526
Retained earnings 91,788 63,381
SHAREHOLDERS' FUNDS 294,114 265,707

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.

OADES PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 00558101)

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 16 December 2024 and were signed on its behalf by:





I D Oades - Director


OADES PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 00558101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Oades Property Management 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Land and buildings are not depreciated as in the opinion of the Directors, its current market value exceeds the original cost.

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.

3. EMPLOYEES AND DIRECTORS

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

OADES PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 00558101)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 475,000 3,975 1,371 6,667 487,013
Additions - - 1,241 - 1,241
At 31 May 2024 475,000 3,975 2,612 6,667 488,254
DEPRECIATION
At 1 June 2023 - 3,974 1,096 1,667 6,737
Charge for year - - 274 1,000 1,274
At 31 May 2024 - 3,974 1,370 2,667 8,011
NET BOOK VALUE
At 31 May 2024 475,000 1 1,242 4,000 480,243
At 31 May 2023 475,000 1 275 5,000 480,276

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 1996 198,526 - - - 198,526
Cost 276,474 3,975 2,612 6,667 289,728
475,000 3,975 2,612 6,667 488,254

If Land & Buildings had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 226,843 226,843

Value of land in freehold land and buildings 175,000 175,000

Land & Buildings were valued on open market basis on 31 May 1996 by the board of directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,000 1,000

OADES PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 00558101)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 14,061 14,061
Trade creditors - (1 )
Taxation and social security 28,248 40,437
Other creditors 3,684 3,785
45,993 58,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 158,396 163,434

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 82,112 82,112
Bank Loan 24,743 29,781
106,855 111,893

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 198,526

9. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by I D Oades.