| REGISTERED NUMBER: |
| Oakover Holdings Limited |
| Financial Statements |
| for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| Oakover Holdings Limited |
| Financial Statements |
| for the Year Ended 30 September 2024 |
| Oakover Holdings Limited (Registered number: 00679594) |
| Contents of the Financial Statements |
| for the year ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Oakover Holdings Limited |
| Company Information |
| for the year ended 30 September 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Oakover Holdings Limited (Registered number: 00679594) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Revaluation reserve |
| Retained earnings |
| 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. |
| Oakover Holdings Limited (Registered number: 00679594) |
| Balance Sheet - continued |
| 30 September 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Oakover Holdings Limited (Registered number: 00679594) |
| Notes to the Financial Statements |
| for the year ended 30 September 2024 |
| 1. | Statutory information |
| Oakover Holdings Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
| Turnover represents amounts receivable for rents and services. Revenue is recognised for the term of the occupancy in the accounting period. |
| Tangible fixed assets |
| Investment property |
| Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company. The changes in fair value are recognised in the profit or loss account. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares. |
| Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Oakover Holdings Limited (Registered number: 00679594) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 4. | Tangible fixed assets |
| Plant and |
| machinery |
| £ |
| Cost |
| At 1 October 2023 |
| and 30 September 2024 |
| Depreciation |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 October 2023 |
| and 30 September 2024 |
| Net book value |
| At 30 September 2024 |
| At 30 September 2023 |
| The 2024 valuations were made by the directors on an open market value for existing use basis. |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Oakover Holdings Limited (Registered number: 00679594) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 8. | Creditors: amounts falling due after more than one year - continued |
| Details of security provided: |
| The Bounce Back Loan, with a total carried forward balance of £18,129, is secured by 100% government backed guarantee. |
| All other loans, being the remaining balance, are secured by a fixed and floating charge over the assets of the company and by first legal charge over some of the company's property included in the accounts at a valuation of £1,550,000. |
| 9. | Directors' advances, credits and guarantees |
| As at the year end, A Drewe owed £166(2023 - £292) to the company. |
| As at the year end, J Drewe owed £Nil (2023 £Nil) from/to the company. |
| The amounts advanced by the company to its directors are interest free and repayable on demand. |