REGISTERED NUMBER: 14139632 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

OAKHURST HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Flint

L S Wainwright

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

14139632 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

CURRENT ASSETS

Stocks

4

641,784

421,245

Debtors

5

9,812

3,262

Cash at bank and in hand

10,225

27,280

661,821

451,787

CREDITORS

Amounts falling due within one year

6

691,415

469,645

NET CURRENT LIABILITIES

(29,594

)

(17,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,594

)

(17,858

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(29,694

)

(17,958

)

SHAREHOLDERS' FUNDS

(29,594

)

(17,858

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:

R Flint - Director

L S Wainwright - Director

1.	STATUTORY INFORMATION

Oakhurst 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.

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.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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 year was 2 (2023 - 2 ) .

4.

STOCKS

31/5/24

31/5/23

£

£

Stocks

641,784

421,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/24

31/5/23

£

£

Other debtors

-

100

VAT

1,856

407

Deferred tax asset

7,498

2,524

Prepayments and accrued income

458

231

9,812

3,262

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/24

31/5/23

£

£

Bank loans and overdrafts (see note 7)

62,230

-

Trade creditors

3,588

-

Social security and other taxes

325

-

Amounts due to related parties

127,525

127,525

Directors' current accounts

495,997

340,620

Accrued expenses

1,750

1,500

691,415

469,645

7.

LOANS

An analysis of the maturity of loans is given below:

31/5/24

31/5/23

£

£

Amounts falling due within one year or on demand:

Bank loans

62,230

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/5/24

31/5/23

£

£

Bank loans

62,230

-

A fixed and floating charge is secured against the property of 10 Spencers Drive in favour of Charles Street Commercial Investments Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/24

31/5/23

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

R Flint was also a director of RLK Properties Limited during the period.

At the period end, there is a creditor balance of £127,525 (2023: £127,525) due to RLK Properties Limited.