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REGISTERED NUMBER: 10118568 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OAKLEIGH RESIDENTIAL PARK LIMITED

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)






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


OAKLEIGH RESIDENTIAL PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M T Doran
A Chapman





REGISTERED OFFICE: Clacton Road
Weeley
Clacton On Sea
Essex
CO16 9DH





REGISTERED NUMBER: 10118568 (England and Wales)





ACCOUNTANTS: Affinia (Halstead)
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 828,947 861,056
Investments 5 77,861 83,500
906,808 944,556

CURRENT ASSETS
Stocks 1,841,764 1,673,496
Debtors 6 2,281,983 2,429,037
Cash in hand 12,796 6,136
4,136,543 4,108,669
CREDITORS
Amounts falling due within one year 7 2,343,634 1,955,007
NET CURRENT ASSETS 1,792,909 2,153,662
TOTAL ASSETS LESS CURRENT LIABILITIES 2,699,717 3,098,218

CREDITORS
Amounts falling due after more than one
year

8

(1,000,000

)

(1,000,000

)

PROVISIONS FOR LIABILITIES (36,756 ) (8,636 )
NET ASSETS 1,662,961 2,089,582

CAPITAL AND RESERVES
Called up share capital 10 120 120
Fair value reserve 11 22,861 28,500
Retained earnings 1,639,980 2,060,962
SHAREHOLDERS' FUNDS 1,662,961 2,089,582

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.

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

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 3 March 2025 and were signed on its behalf by:





A Chapman - Director


OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

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

1. STATUTORY INFORMATION

Oakleigh Residential Park 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sales of Holiday Lodges
Sales of holiday lodges are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the licence agreement is signed or legal completion takes place.

Commissions
Commissions are recognised on an accruals basis in the period to which they relate.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Freehold property- not depreciated
Long-term leasehold property- not depreciated
Plant and machinery- 20% straight line
Motor vehicles- 20% reducing balance
Office equipment- 15% reducing balance
Hire fleet- 20% reducing balance

The assets' residual lives, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Valuation of investments
Investments in chattels are recorded initially at cost and are subsequently revalued at each year end to represent their fair value. Fair value is decided based upon market value. The increase in value is recorded in the fair value reserve which is shown separately on the balance sheet.

Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short-term debtors are measures at transaction price, less any impairment. Loans receivable are measured initialy at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern
The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated from future trading for a period of at least twelve months from the date of approval of these financial statements to enable the company to meet its liabilities as they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 51,665 1,132,609 1,184,274
Additions - 144,810 144,810
Disposals - (123,788 ) (123,788 )
At 31 March 2024 51,665 1,153,631 1,205,296
DEPRECIATION
At 1 April 2023 - 323,218 323,218
Charge for year - 63,636 63,636
Eliminated on disposal - (10,505 ) (10,505 )
At 31 March 2024 - 376,349 376,349
NET BOOK VALUE
At 31 March 2024 51,665 777,282 828,947
At 31 March 2023 51,665 809,391 861,056

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 261,976
Transfer to ownership (234,924 )
At 31 March 2024 27,052
DEPRECIATION
At 1 April 2023 160,892
Charge for year 22,657
Transfer to ownership (165,633 )
At 31 March 2024 17,916
NET BOOK VALUE
At 31 March 2024 9,136
At 31 March 2023 101,084

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 83,500
Impairments (5,639 )
At 31 March 2024 77,861
NET BOOK VALUE
At 31 March 2024 77,861
At 31 March 2023 83,500

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 28,500
Valuation in 2024 (5,639 )
Cost 55,000
77,861

Fair value is determined by the market value of the investments. No amounts have been charged to the P&L in relation to this revaluation and similarly there is no tax effect.
These assets are not and have never been depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,803 38,455
Amounts owed by group undertakings 85,500 611,810
Other debtors 2,157,680 1,778,772
2,281,983 2,429,037

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 63,772 204,029
Trade creditors 1,346,159 1,029,949
Amounts owed to group undertakings 117,267 -
Taxation and social security 796,331 702,069
Other creditors 20,105 18,960
2,343,634 1,955,007

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

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

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

Included within creditors are secured debts amounting to £63,772 (2023: £204,029) which are secured on the fixed assets to which they relate.

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 63,772 204,621

Finance charges repayable:
Within one year - 592

Net obligations repayable:
Within one year 63,772 204,029

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
100 Ordinary 1 100
20 A 1 20
120

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023 28,500
Asset revaluation (5,639 )

At 31 March 2024 22,861

OAKLEIGH RESIDENTIAL PARK LIMITED (REGISTERED NUMBER: 10118568)

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

12. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,957 (2023: £4,656). Contributions totalling £2,004 (2023: £2,918) were payable to the fund at the balance sheet date and are included in creditors.

13. RELATED PARTY DISCLOSURES

During the year the company operated loan accounts with the directors of the Company. The amount due to the Company at the year end was £736,743 (2023: £660,275) and this is recorded in other debtors. Interest has been charged of £16,041 (2023: £12,475) and the loans are repayable on demand.

During the year the Company operated loan accounts with close family members of Mr M Doran a director of the Company. The amounts owed to the Company at the year end was £812,011 (2023: £654,868) and this is recorded in other debtors. Interest has been charged of £18,117 (2023: £12,219) and the loans are repayable on demand.

During the year the Company operated loan accounts with fellow group Companies. The amount payable to fellow group Companies at the year end was £31,767 (2023: £611,810 receivable) and is shown within creditors. These loans are interest free and repayable on demand.

During the year there was a management charge to Oakleigh Utilities Ltd of £66,376 (2023: £56,186).

The land the park operates from is owned by Mr T Doran, who is the father of Mr M Doran. There is no cash consideration paid to operate from the land.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Doran Park Homes Ltd.

Registered Office Address: Oakleigh Residential Park, Weeley, Clacton On Sea, Essex, CO16 9DH