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REGISTERED NUMBER: 12732327 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Oak & Ivy Homes Limited

Oak & Ivy Homes Limited (Registered number: 12732327)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Oak & Ivy Homes Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R Harrison
Miss A M Godsall





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 12732327 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Oak & Ivy Homes Limited (Registered number: 12732327)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 651,504 532,755

CURRENT ASSETS
Cash at bank 6,142 26,178

CREDITORS
Amounts falling due within one year 5 (1,600 ) (183,249 )
NET CURRENT ASSETS/(LIABILITIES) 4,542 (157,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,046

375,684

CREDITORS
Amounts falling due after more than one
year

6

(562,452

)

(375,284

)
NET ASSETS 93,594 400

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 93,494 300
SHAREHOLDERS' FUNDS 93,594 400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:



R Harrison - Director


Oak & Ivy Homes Limited (Registered number: 12732327)

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

1. STATUTORY INFORMATION

Oak & Ivy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2023 532,755
Additions 7,534
Revaluations 111,215
At 31 July 2024 651,504
NET BOOK VALUE
At 31 July 2024 651,504
At 31 July 2023 532,755

Oak & Ivy Homes Limited (Registered number: 12732327)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 July 2024 is represented by:
£   
Valuation in 2023 44,480
Valuation in 2024 111,215
Cost 495,809
651,504

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 182,505
Accrued expenses 1,600 744
1,600 183,249

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 377,349 375,284
Directors' loan accounts 185,103 -
562,452 375,284

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 377,349 375,284

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 377,349 375,284

The bank loans represents mortgages secured on the investment properties held by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oak & Ivy Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oak & Ivy Homes Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oak & Ivy Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oak & Ivy Homes Limited and state those matters that we have agreed to state to the Board of Directors of Oak & Ivy Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oak & Ivy Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oak & Ivy Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oak & Ivy Homes Limited. You consider that Oak & Ivy Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oak & Ivy Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


24 April 2025