| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| FOR |
| OAKLOW GROUP DARLOW LETTINGS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| FOR |
| OAKLOW GROUP DARLOW LETTINGS LTD |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| OAKLOW GROUP DARLOW LETTINGS LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Portland House |
| 11-13 Station Road |
| Kettering |
| Northamptonshire |
| NN15 7HH |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| BALANCE SHEET |
| 27TH AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | ( |
) |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| BALANCE SHEET - continued |
| 27TH AUGUST 2024 |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Oaklow Group Darlow Lettings Ltd is a |
| 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| For operational reasons the reporting period has been extended, therefore comparative amounts (including the related notes) may not be entirely comparable. |
| The financial statements have been prepared on a going concern basis not withstanding that at 27 August 2024 the company had net current liabilities of £299,854 (2023: £256,852). The director believes this basis to be appropriate and will continue to provide funds as necessary for the foreseeable future. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| Financial instruments |
| The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakin |
| £ |
| COST |
| At 28th February 2023 |
| and 27th August 2024 |
| NET BOOK VALUE |
| At 27th August 2024 |
| At 27th February 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 28th February 2023 |
| and 27th August 2024 |
| NET BOOK VALUE |
| At 27th August 2024 |
| At 27th February 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Repayable by instalments |
| Bank loans more than 5 years |
| by instalment | 4,680 | 13,267 |
| 4,680 | 13,267 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Bank loans are secured against the properties owned by the company. |
| Bank loans are secured under the UK government Bounce Back Loan scheme providing a full guarantee on the outstanding amount. |
| OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28TH FEBRUARY 2023 TO 27TH AUGUST 2024 |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 28th February 2023 |
| and 27th August 2024 |
| 11. | RELATED PARTY DISCLOSURES |
| All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions. |