Registration number:
Oaken Lodge Developments Limited
for the Year Ended 31 August 2024
Oaken Lodge Developments Limited
(Registration number: 05540450)
Balance Sheet as at 31 August 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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- |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
A J Parkin
Director
Oaken Lodge Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Accounting policies |
Statutory information
Oaken Lodge Developments Limited is a private company, limited by shares, domiciled in England and Wales, company number 05540450. The registered office is at The Old Grammar School, 13 Moorgate Road, Rotherham, S60 2EN.
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover represents the invoiced value of rents received during the year.
Tax
The tax expense for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Investment property
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Oaken Lodge Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
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Investment properties |
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Fair value |
2024 |
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At 1 September 2023 |
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Fair value adjustments |
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At 31 August 2024 |
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Fair value at 31 August 2024 is represented by:
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£ |
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Cost |
317,122 |
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Revaluation |
107,878 |
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425,000 |
A valuation was undertaken by an independant RICS qualified valuer, SMC Brownill Vickers.
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Loans and borrowings |
1,000 |
1,000 |
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Taxation and social security |
5,023 |
972 |
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Accruals and deferred income |
12,387 |
12,417 |
|
18,410 |
14,389 |
Creditors: amounts falling due after more than one year
|
2024 |
2023 |
|
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Due after one year |
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Loans and borrowings |
833 |
1,833 |
Loans and borrowings are secured on the company's investment property.
Oaken Lodge Developments Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
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Revaluation reserve |
Total |
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Investment property revaluation |
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Deferred tax provision |
( |
( |
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As at 31 August 2024 |
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