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REGISTERED NUMBER: 11210386 (England and Wales)







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: R J Darlow





REGISTERED OFFICE: 10 Enfield Close
Duston
Northampton
NN5 6XY





REGISTERED NUMBER: 11210386 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
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 2 2
Investment property 5 1,585,000 1,585,000
1,585,002 1,585,002

CURRENT ASSETS
Debtors 6 18,542 18,542
Cash at bank 783 2,295
19,325 20,837
CREDITORS
Amounts falling due within one year 7 319,179 277,689
NET CURRENT LIABILITIES (299,854 ) (256,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,285,148

1,328,150

CREDITORS
Amounts falling due after more than one
year

8

(1,005,018

)

(1,011,367

)

PROVISIONS FOR LIABILITIES (58,900 ) (58,900 )
NET ASSETS 221,230 257,883

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 251,100 251,100
Retained earnings (29,872 ) 6,781
221,230 257,883

OAKLOW GROUP DARLOW LETTINGS LTD (REGISTERED NUMBER: 11210386)

BALANCE SHEET - continued
27TH AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27th August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27th August 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th May 2025 and were signed by:





R J Darlow - Director


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 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 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 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 28th February 2023
and 27th August 2024 2
NET BOOK VALUE
At 27th August 2024 2
At 27th February 2023 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28th February 2023
and 27th August 2024 1,585,000
NET BOOK VALUE
At 27th August 2024 1,585,000
At 27th February 2023 1,585,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,542 18,542

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 6,790 3,760
Trade creditors 1,908 140
Amounts owed to group undertakings 34,730 26,627
Taxation and social security 13,538 11,942
Other creditors 262,213 235,220
319,179 277,689

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,005,018 1,011,367

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 975,375 975,375

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 1,011,259 1,015,127

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 251,100

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.