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REGISTERED NUMBER: 09143393 (England and Wales)















OAKWOOD PARK HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKWOOD PARK HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S Grice
J K Grice
A Price





REGISTERED OFFICE: Sidings House
Sidings Court
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 09143393 (England and Wales)






OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,422 37,125

CURRENT ASSETS
Stocks 177,714 150,771
Debtors 5 185,285 246,570
Cash at bank and in hand 138,168 216,808
501,167 614,149
CREDITORS
Amounts falling due within one year 6 409,434 425,625
NET CURRENT ASSETS 91,733 188,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,155

225,649

CREDITORS
Amounts falling due after more than one
year

7

(45,827

)

(108,007

)

PROVISIONS FOR LIABILITIES (8,856 ) (9,281 )
NET ASSETS 72,472 108,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,372 108,261
SHAREHOLDERS' FUNDS 72,472 108,361

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.

OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

BALANCE SHEET - continued
30 JUNE 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 27 January 2025 and were signed on its behalf by:





S Grice - Director


OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

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


1. STATUTORY INFORMATION

Oakwood Park Homes 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance and Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

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


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 77,285
Additions 6,994
Disposals (5,000 )
At 30 June 2024 79,279
DEPRECIATION
At 1 July 2023 40,160
Charge for year 7,000
Eliminated on disposal (3,303 )
At 30 June 2024 43,857
NET BOOK VALUE
At 30 June 2024 35,422
At 30 June 2023 37,125

OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

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


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
Additions 6,220
At 30 June 2024 6,220
DEPRECIATION
Charge for year 778
At 30 June 2024 778
NET BOOK VALUE
At 30 June 2024 5,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,187 116,936
Other debtors 108,098 129,634
185,285 246,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,500 44,900
Hire purchase contracts 1,577 -
Trade creditors 251,411 293,795
Taxation and social security 21,904 28,408
Other creditors 79,042 58,522
409,434 425,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 43,231 108,007
Hire purchase contracts 2,596 -
45,827 108,007

OAKWOOD PARK HOMES LIMITED (REGISTERED NUMBER: 09143393)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,173 -

9. ULTIMATE CONTROLLING PARTY

At the year end date the company was under the control of S Grice and J Grice who own 67% of the company's issued share capital.