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REGISTERED NUMBER: 00790488 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

OAKLANDS PROPERTY & DEVELOPMENTS LIMITED

OAKLANDS PROPERTY & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00790488)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OAKLANDS PROPERTY & DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr C A J Harding
Mrs M L Harding





SECRETARY: Mrs M L Harding





REGISTERED OFFICE: Altay House
869 High Road
North Finchley
London
N12 8QA





REGISTERED NUMBER: 00790488 (England and Wales)





ACCOUNTANTS: AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA

OAKLANDS PROPERTY & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00790488)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,358 2,134
Investment property 5 11,833,875 11,831,965
11,835,233 11,834,099

CURRENT ASSETS
Debtors 6 1,843,130 1,838,480
Cash at bank and in hand 173,983 60,415
2,017,113 1,898,895
CREDITORS
Amounts falling due within one year 7 545,410 551,522
NET CURRENT ASSETS 1,471,703 1,347,373
TOTAL ASSETS LESS CURRENT LIABILITIES 13,306,936 13,181,472

PROVISIONS FOR LIABILITIES 2,177,017 1,654,533
NET ASSETS 11,129,919 11,526,939

CAPITAL AND RESERVES
Called up share capital 78,857 78,857
Non-distributable reserve 6,531,052 7,053,536
Retained earnings 4,520,010 4,394,546
SHAREHOLDERS' FUNDS 11,129,919 11,526,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Mr C A J Harding - Director


OAKLANDS PROPERTY & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00790488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Oaklands Property & Developments 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.

TURNOVER
Turnover represents rental and service charge income receivable.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

INVESTMENT PROPERTY
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 42,735 3,102 45,837
DEPRECIATION
At 1 July 2023 42,734 969 43,703
Charge for year - 776 776
At 30 June 2024 42,734 1,745 44,479
NET BOOK VALUE
At 30 June 2024 1 1,357 1,358
At 30 June 2023 1 2,133 2,134

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 11,831,965
Additions 1,910
At 30 June 2024 11,833,875
NET BOOK VALUE
At 30 June 2024 11,833,875
At 30 June 2023 11,831,965


OAKLANDS PROPERTY & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00790488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 45,140 43,930

Amounts falling due after more than one year:
Other debtors 1,797,990 1,794,550

Aggregate amounts 1,843,130 1,838,480

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 114,371 84,213
Other creditors 431,039 467,309
545,410 551,522