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Registration number: 11468148

Oak Leaf Developments (SW) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Oak Leaf Developments (SW) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Oak Leaf Developments (SW) Limited

Company Information

Directors

Mrs Clare Jordan

Mr J A Jordan

Registered office

Happy Valley
Blandford Road
Salisbury
Wiltshire
SP5 4LF

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Oak Leaf Developments (SW) Limited

(Registration number: 11468148)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,024

2,858

Current assets

 

Debtors

5

80,132

68,589

Cash at bank and in hand

 

100

47,100

 

80,232

115,689

Creditors: Amounts falling due within one year

6

(71,916)

(96,088)

Net current assets

 

8,316

19,601

Net assets

 

10,340

22,459

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

10,240

22,359

Shareholders' funds

 

10,340

22,459

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

.........................................
Mr J A Jordan
Director

 

Oak Leaf Developments (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Happy Valley
Blandford Road
Salisbury
Wiltshire
SP5 4LF
England

These financial statements were authorised for issue by the Board on 14 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Oak Leaf Developments (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Office Equipment

33% Straight Line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Oak Leaf Developments (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

613

488

3,200

4,301

At 31 July 2024

613

488

3,200

4,301

Depreciation

At 1 August 2023

221

322

900

1,443

Charge for the year

98

161

575

834

At 31 July 2024

319

483

1,475

2,277

Carrying amount

At 31 July 2024

294

5

1,725

2,024

At 31 July 2023

392

166

2,300

2,858

5

Debtors

Current

2024
£

2023
£

Other debtors

59,875

51,281

 

59,875

51,281

Non-current

2024
£

2023
£

Other debtors

20,257

17,308

 

20,257

17,308

6

Creditors

Creditors: amounts falling due within one year

 

Oak Leaf Developments (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

6

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

5

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

46,353

27,372

Taxation and social security

 

25,558

21,737

Other creditors

 

-

46,979

 

71,916

96,088

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

5

-

9

Dividends

2024

2023

£

£

Interim dividend of £150.00 (2023 - £Nil) per ordinary share

15,000

-

 

 

10

Related party transactions

Loans from related parties

 

Oak Leaf Developments (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

10

Related party transactions (continued)

2024

Jordan Mason and Associates Limited
£

Total
£

At start of period

27,372

27,372

Advanced

21,181

21,181

Repaid

(2,200)

(2,200)

At end of period

46,353

46,353

2023

Jordan Mason and Associates Limited
£

Total
£

At start of period

18,397

18,397

Advanced

17,795

17,795

Repaid

(8,820)

(8,820)

At end of period

27,372

27,372

The loan is interest free and repayable on demand.