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Company Registration No. NI018755 (Northern Ireland)
Oakdene Properties Limited Unaudited accounts for the year ended 30 September 2024
Oakdene Properties Limited Unaudited accounts Contents
Page
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Oakdene Properties Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,322 
8,157 
Investment property
2,016,927 
2,016,927 
2,023,249 
2,025,084 
Current assets
Debtors
116,121 
55,243 
Cash at bank and in hand
15,001 
50,000 
131,122 
105,243 
Creditors: amounts falling due within one year
(333,090)
(352,996)
Net current liabilities
(201,968)
(247,753)
Total assets less current liabilities
1,821,281 
1,777,331 
Creditors: amounts falling due after more than one year
(850,470)
(875,622)
Net assets
970,811 
901,709 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
970,801 
901,699 
Shareholders' funds
970,811 
901,709 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 February 2025 and were signed on its behalf by
Kevin Andrew Owens Director Company Registration No. NI018755
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Oakdene Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Oakdene Properties Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI018755. The registered office is 501 ANTRIM ROAD, BELFAST, BT15 3BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Oakdene Properties Limited Notes to the Accounts for the year ended 30 September 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
28,521 
20,949 
49,470 
At 30 September 2024
28,521 
20,949 
49,470 
Depreciation
At 1 October 2023
26,480 
14,833 
41,313 
Charge for the year
306 
1,529 
1,835 
At 30 September 2024
26,786 
16,362 
43,148 
Net book value
At 30 September 2024
1,735 
4,587 
6,322 
At 30 September 2023
2,041 
6,116 
8,157 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
2,016,927 
At 30 September 2024
2,016,927 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
100,228 
45,072 
Other debtors
15,893 
10,171 
116,121 
55,243 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
27,091 
61,018 
Taxes and social security
21,521 
14,949 
Other creditors
284,478 
277,029 
333,090 
352,996 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
250,485 
270,662 
Loans from directors
599,985 
604,960 
850,470 
875,622 
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Oakdene Properties Limited Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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