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Oakview Land Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 May 2025

Registration number: 05626728

 

Oakview Land Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Oakview Land Limited

Company Information

Directors

Mr A Trump

Mrs J S Trump

Company secretary

Mrs J S Trump

Registered office

Vici House
2 Mallard Road
Sowton Industrial Estate
Exeter
EX2 7LD

Accountants

Francis Clark LLP Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

 

Oakview Land Limited

Balance Sheet

31 May 2025

Note

2025
£

2024
£

Current assets

 

Stocks

4

487,807

487,807

Cash at bank and in hand

 

318

390

 

488,125

488,197

Creditors: Amounts falling due within one year

5

(766,515)

(764,710)

Net liabilities

 

(278,390)

(276,513)

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

(279,390)

(277,513)

Shareholders' deficit

 

(278,390)

(276,513)

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 14 August 2025 and signed on its behalf by:
 

.........................................

Mr A Trump

Director

Company Registration Number: 05626728

 

Oakview Land Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Vici House
2 Mallard Road
Sowton Industrial Estate
Exeter
EX2 7LD

These financial statements were authorised for issue by the Board on 14 August 2025.

2

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

2

Accounting policies (continued)

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

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.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Stocks

2025
£

2024
£

Work in progress

487,807

487,807

5

Creditors

2025
£

2024
£

Due within one year

Accruals and deferred income

1,488

1,398

Other creditors

765,027

763,312

766,515

764,710

 

Oakview Land Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2025

6

Related party transactions

Summary of transactions with other related parties

The company received funding from a company under common control, these amounts are interest free and repayable on demand. At the balance sheet date the amount due to this company was £765,027 (2024: £763,312)
 

7

Parent undertaking

The company's immediate parent is Lobster Pot (Newquay) Limited, incorporated in England and Wales.