Year Ended
Registration number:
Oakview Land Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Oakview Land Limited
Company Information
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Directors |
Mr A Trump Mrs J S Trump |
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Company secretary |
Mrs J S Trump |
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Registered office |
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Accountants |
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Oakview Land Limited
Balance Sheet
31 May 2025
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2025 |
2024 |
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Current assets |
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Stocks |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' deficit |
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For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr A Trump
Director
Company Registration Number: 05626728
Oakview Land Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A "FRS102" and the Companies Act 2006. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention. The financial statements are presented in pounds sterling.
Going concern
The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future.
The going concern assumption is dependent upon the continuing support of a company under common control. At the balance sheet date the company owed £765,027 (2024: £763,312) to that company.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable in respect of land sales in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company. Turnover and profit on the sale of property is recognised on the legal completion date.
Stocks
Work in progress represents development stock. It is valued on the basis of directly attributable costs and no element of profit is included. Provision is made for any foreseeable losses where appropriate.
Oakview Land Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2025
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Accounting policies (continued) |
Financial instruments
Classification
• Short term other creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Stocks |
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2024 |
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Work in progress |
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Creditors |
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2025 |
2024 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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Oakview Land Limited
Notes to the Unaudited Financial Statements
Year Ended 31 May 2025
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Related party transactions |
Summary of transactions with other related parties
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Parent undertaking |
The company's immediate parent is