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REGISTERED NUMBER: 03025799 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Oakthorn Properties Limited

Oakthorn Properties Limited (Registered number: 03025799)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakthorn Properties Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Mr S Reynolds
Mr A H Woods





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 03025799 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Oakthorn Properties Limited (Registered number: 03025799)

Balance Sheet
28 February 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Investment property 4 1,030,000 1,030,000

CURRENT ASSETS
Debtors 5 2,592 2,172
Cash at bank 15,029 16,817
17,621 18,989
CREDITORS
Amounts falling due within one year 6 5,435 6,093
NET CURRENT ASSETS 12,186 12,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,186

1,042,896

CREDITORS
Amounts falling due after more than one
year

7

(68,212

)

(68,212

)

PROVISIONS FOR LIABILITIES (127,543 ) (127,543 )
NET ASSETS 846,431 847,141

CAPITAL AND RESERVES
Called up share capital 8 2,340 2,340
Retained earnings 844,091 844,801
SHAREHOLDERS' FUNDS 846,431 847,141

Oakthorn Properties Limited (Registered number: 03025799)

Balance Sheet - continued
28 February 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mr S Reynolds - Director


Oakthorn Properties Limited (Registered number: 03025799)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Oakthorn Properties 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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.

Taxation
Taxation for the year 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.

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 NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2024
and 28 February 2025 1,030,000
NET BOOK VALUE
At 28 February 2025 1,030,000
At 29 February 2024 1,030,000

Oakthorn Properties Limited (Registered number: 03025799)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. INVESTMENT PROPERTY - continued

The company purchased properties between 1997 and 2006 to the value of £327,403. The properties are revalued every year and have an overall revaluation surplus of £787,597.

The properties were valued on an open market basis on the 28th February 2025 by Mr S Reynolds a director of the company who is a chartered surveyor.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 2,592 2,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Taxation and social security 4,031 4,689
Other creditors 1,404 1,404
5,435 6,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Other creditors 68,212 68,212

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2,340 Ordinary £1 2,340 2,340