Registered number
04432273
Oakwood Properties (Cheshire) Ltd
Filleted Accounts
31 October 2024
Oakwood Properties (Cheshire) Ltd
Registered number: 04432273
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,229,511 7,229,606
Current assets
Debtors 4 92 93
Cash at bank and in hand 67,946 112,552
68,038 112,645
Creditors: amounts falling due within one year 5 (1,812) (3,327)
Net current assets 66,226 109,318
Total assets less current liabilities 7,295,737 7,338,924
Creditors: amounts falling due after more than one year 6 (6,852,006) (6,792,469)
Net assets 443,731 546,455
Capital and reserves
Called up share capital 100 100
Profit and loss account 443,631 546,355
Shareholders' funds 443,731 546,455
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Jacqueline Al-Salehi
Director
Approved by the board on 11 July 2025
Oakwood Properties (Cheshire) Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% reducing balance
Computer 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Fixture and fittings Computer Total
£ £ £ £
Cost
At 1 November 2023 7,229,050 8,696 860 7,238,606
At 31 October 2024 7,229,050 8,696 860 7,238,606
Depreciation
At 1 November 2023 - 8,376 624 9,000
Charge for the year - 48 47 95
At 31 October 2024 - 8,424 671 9,095
Net book value
At 31 October 2024 7,229,050 272 189 7,229,511
At 31 October 2023 7,229,050 320 236 7,229,606
4 Debtors 2024 2023
£ £
Other debtors 92 93
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 252 207
Other creditors 1,560 3,120
1,812 3,327
6 Creditors: amounts falling due after one year 2024 2023
£ £
Shareholders loan 6,580,554 6,523,346
Director loan 271,452 269,123
6,852,006 6,792,469
7 Other information
Oakwood Properties (Cheshire) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
63 C/o Zaheer & Co
Kingsway
Burnage
Manchester
M19 2LL
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