Registered number
09745391
Oakdene Housing Limited
Filleted Accounts
31 January 2025
Oakdene Housing Limited
Registered number: 09745391
Balance Sheet
as at 31 January 2025
Notes 2025 2023
£ £
Fixed assets
Tangible assets 3 833,841 1,107,539
Current assets
Debtors 4 273,950 28,948
Cash at bank and in hand 1,132 16,378
275,082 45,326
Creditors: amounts falling due within one year 5 (25,106) (37,514)
Net current assets 249,976 7,812
Total assets less current liabilities 1,083,817 1,115,351
Creditors: amounts falling due after more than one year 6 (473,266) (475,335)
Provisions for liabilities (10,450) (16,571)
Net assets 600,101 623,445
Capital and reserves
Called up share capital 200,500 200,500
Share premium 508,602 508,602
Revaluation reserve 7 55,000 87,218
Profit and loss account (164,001) (172,875)
Shareholders' funds 600,101 623,445
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Katherine Dunn
Director
Approved by the board on 20 May 2025
Oakdene Housing Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Plant and machinery 25%-33% reducing balance
Motor vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 1,015,000 8,428 152,652 1,176,080
Additions - 6,301 - 6,301
Disposals (260,000) - - (260,000)
At 31 January 2025 755,000 14,729 152,652 922,381
Depreciation
At 1 September 2023 - 5,841 62,700 68,541
Charge for the period - 2,009 17,990 19,999
At 31 January 2025 - 7,850 80,690 88,540
Net book value
At 31 January 2025 755,000 6,879 71,962 833,841
At 31 August 2023 1,015,000 2,587 89,952 1,107,539
4 Debtors 2025 2023
£ £
Trade debtors - 148
Other debtors 273,950 28,800
273,950 28,948
5 Creditors: amounts falling due within one year 2025 2023
£ £
Trade creditors - 12,472
Other creditors 25,106 25,042
25,106 37,514
6 Creditors: amounts falling due after one year 2025 2023
£ £
Bank loans 473,266 475,335
7 Revaluation reserve 2025 2023
£ £
At 1 September 2023 87,218 114,218
Loss on revaluation of land and buildings (32,218) (27,000)
At 31 January 2025 55,000 87,218
8 Controlling party
The ultimate controlling party is Katherine and Brendan Dunn, who each own 50% of the company's shareholdings.
9 Other information
Oakdene Housing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Foxgloves
Bere Ferrers
Yelverton
Devon
PL20 7JJ
Oakdene Housing Limited 09745391 false 2023-09-01 2025-01-31 2025-01-31 VT Final Accounts April 2025 Katherine Dunn No description of principal activity 09745391 2022-09-01 2023-08-31 09745391 core:RevaluationReserve core:LandBuildings 2022-09-01 2023-08-31 09745391 core:WithinOneYear 2023-08-31 09745391 core:AfterOneYear 2023-08-31 09745391 core:ShareCapital 2023-08-31 09745391 core:SharePremium 2023-08-31 09745391 core:OtherReservesSubtotal 2023-08-31 09745391 core:RetainedEarningsAccumulatedLosses 2023-08-31 09745391 core:RevaluationReserve 2022-08-31 09745391 2023-09-01 2025-01-31 09745391 bus:PrivateLimitedCompanyLtd 2023-09-01 2025-01-31 09745391 bus:AuditExemptWithAccountantsReport 2023-09-01 2025-01-31 09745391 bus:Director40 2023-09-01 2025-01-31 09745391 1 2023-09-01 2025-01-31 09745391 2 2023-09-01 2025-01-31 09745391 core:LandBuildings 2023-09-01 2025-01-31 09745391 core:PlantMachinery 2023-09-01 2025-01-31 09745391 core:Vehicles 2023-09-01 2025-01-31 09745391 core:RevaluationReserve core:LandBuildings 2023-09-01 2025-01-31 09745391 countries:England 2023-09-01 2025-01-31 09745391 bus:FRS102 2023-09-01 2025-01-31 09745391 bus:FilletedAccounts 2023-09-01 2025-01-31 09745391 2025-01-31 09745391 core:WithinOneYear 2025-01-31 09745391 core:AfterOneYear 2025-01-31 09745391 core:ShareCapital 2025-01-31 09745391 core:SharePremium 2025-01-31 09745391 core:OtherReservesSubtotal 2025-01-31 09745391 core:RetainedEarningsAccumulatedLosses 2025-01-31 09745391 core:LandBuildings 2025-01-31 09745391 core:PlantMachinery 2025-01-31 09745391 core:Vehicles 2025-01-31 09745391 core:RevaluationReserve 2025-01-31 09745391 2023-08-31 09745391 core:LandBuildings 2023-08-31 09745391 core:PlantMachinery 2023-08-31 09745391 core:Vehicles 2023-08-31 09745391 core:RevaluationReserve 2023-08-31 iso4217:GBP xbrli:pure