COMPANY REGISTRATION NUMBER:
05152266
BJB Oakfield Properties Limited |
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Filleted Unaudited Financial Statements |
|
BJB Oakfield Properties Limited |
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Statement of Financial Position |
|
30 June 2024
Fixed assets
Investments |
5 |
|
1,475 |
1,475 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
1 |
|
1 |
|
---- |
|
---- |
Net current assets |
|
1 |
1 |
|
|
------ |
------ |
Total assets less current liabilities |
|
1,476 |
1,476 |
|
|
------ |
------ |
|
|
|
|
Capital and reserves
Called up share capital |
|
1,476 |
1,476 |
|
|
------ |
------ |
Shareholders funds |
|
1,476 |
1,476 |
|
|
------ |
------ |
|
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2025
, and are signed on behalf of the board by:
Company registration number:
05152266
BJB Oakfield Properties Limited |
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Notes to the Financial Statements |
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Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Zone G, Salamander Quay, Park Lane, Harefield, Middlesex UB9 6NZ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable/payable.
4.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
|
2024 |
2023 |
|
£ |
£ |
Equity dividends on ordinary shares |
31,000
|
18,000
|
|
------- |
------- |
|
|
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5.
Investments
|
Shares in group undertakings |
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£ |
Cost |
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At 1 July 2023 and 30 June 2024 |
1,475 |
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------ |
Impairment |
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At 1 July 2023 and 30 June 2024 |
– |
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------ |
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Carrying amount |
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At 30 June 2024 |
1,475 |
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------ |
At 30 June 2023 |
1,475 |
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------ |
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The company's investment in its subsidiary company represents the cost of the acquisition of the whole of the ordinary share capital of Brandeston Properties Limited. The principal activity of the subsidiary company is the holding and managing of property investments. At the year end the aggregate of the share capital and reserves of BJB Properties Limited amounted to £541,522 (2023 - £552,489) and the profit for the year was £20,033 (2023 - £18,596).
6.
Transactions with directors'
The company was under the control of S E Prior and
S Holland-Brown
who are both directors. S E Prior and S Holland-Brown
each hold 50% of the shares in the company.