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REGISTERED NUMBER: 04952859 (England and Wales)















OAKWELL HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






OAKWELL HOMES LIMITED (REGISTERED NUMBER: 04952859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


OAKWELL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: A R Holmes
A N Holmes





SECRETARY: A N Holmes





REGISTERED OFFICE: 4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR





REGISTERED NUMBER: 04952859 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

OAKWELL HOMES LIMITED (REGISTERED NUMBER: 04952859)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,431,075 8,380,000

CURRENT ASSETS
Stocks 298,308 -
Debtors 5 693,014 125,001
Cash at bank 909,486 1,106,378
1,900,808 1,231,379
CREDITORS
Amounts falling due within one year 6 2,099,808 954,208
NET CURRENT (LIABILITIES)/ASSETS (199,000 ) 277,171
TOTAL ASSETS LESS CURRENT LIABILITIES 9,232,075 8,657,171

CREDITORS
Amounts falling due after more than one year 7 (810,014 ) (907,442 )

PROVISIONS FOR LIABILITIES (1,221,074 ) (1,213,306 )
NET ASSETS 7,200,987 6,536,423

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 3,663,223 3,639,917
Retained earnings 3,537,664 2,896,406
SHAREHOLDERS' FUNDS 7,200,987 6,536,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:



A N Holmes - Director


OAKWELL HOMES LIMITED (REGISTERED NUMBER: 04952859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Oakwell Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of the letting and sale of property, exclusive of value added tax and trade discounts. The polices adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of property is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is on completion date.

Rental income

Rental income is recognised in the income statement on a straight line basis over the term of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OAKWELL HOMES LIMITED (REGISTERED NUMBER: 04952859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 8,380,000
Additions 1,190,000
Disposals (170,000 )
Revaluations 31,075
At 30 November 2024 9,431,075
NET BOOK VALUE
At 30 November 2024 9,431,075
At 30 November 2023 8,380,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 31,075
Cost 9,400,000
9,431,075

Investment property was valued on an open market basis on 30 November 2014 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 4,625 1,485
Other debtors 688,389 123,516
693,014 125,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 130,779 85,597
Trade creditors 558 765
Taxation and social security 214,761 103,254
Other creditors 1,753,710 764,592
2,099,808 954,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 810,014 907,442

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years by
instalments 365,754 365,272
365,754 365,272

OAKWELL HOMES LIMITED (REGISTERED NUMBER: 04952859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 940,793 993,039

There are fixed and floating charges over all the property and undertaking of the company held by The Royal Bank of Scotland PLC.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
100 Ordinary £1 100 100