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REGISTERED NUMBER: 12141105 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

OAKMONT SOUTHERN LTD

OAKMONT SOUTHERN LTD (REGISTERED NUMBER: 12141105)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


OAKMONT SOUTHERN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 August 2024







DIRECTOR: Mr J J Coates





REGISTERED OFFICE: The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU





REGISTERED NUMBER: 12141105 (England and Wales)





ACCOUNTANTS: Wallis White & Co
Accountants and Tax Consultants
The Ivy House
1 Folly Lane
Petersfield
Hampshire
GU31 4AU

OAKMONT SOUTHERN LTD (REGISTERED NUMBER: 12141105)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,771 21,241

CURRENT ASSETS
Stocks 5 17,778 -
Debtors 6 18,119 14,166
Cash at bank 3,907 3,088
39,804 17,254
CREDITORS
Amounts falling due within one year 7 40,320 12,364
NET CURRENT (LIABILITIES)/ASSETS (516 ) 4,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,255

26,131

CREDITORS
Amounts falling due after more than one
year

8

14,143

25,329
NET ASSETS 2,112 802

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 2,012 702
SHAREHOLDERS' FUNDS 2,112 802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OAKMONT SOUTHERN LTD (REGISTERED NUMBER: 12141105)

BALANCE SHEET - continued
31 August 2024


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 director and authorised for issue on 28 May 2025 and were signed by:





Mr J J Coates - Director


OAKMONT SOUTHERN LTD (REGISTERED NUMBER: 12141105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024


1. STATUTORY INFORMATION

Oakmont Southern Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

OAKMONT SOUTHERN LTD (REGISTERED NUMBER: 12141105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 August 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 7,589 50,331 217 58,137
Additions 412 - 707 1,119
At 31 August 2024 8,001 50,331 924 59,256
DEPRECIATION
At 1 September 2023 4,393 32,416 87 36,896
Charge for year 902 4,478 209 5,589
At 31 August 2024 5,295 36,894 296 42,485
NET BOOK VALUE
At 31 August 2024 2,706 13,437 628 16,771
At 31 August 2023 3,196 17,915 130 21,241

5. STOCKS
31.8.24 31.8.23
£    £   
Work-in-progress 17,778 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,940 1,256
Other debtors 13,179 12,910
18,119 14,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 33,159 12,232
Other creditors 7,161 132
40,320 12,364

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 6,959 10,396
Hire purchase contracts 7,184 14,933
14,143 25,329

OAKMONT SOUTHERN LTD (REGISTERED NUMBER: 12141105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 August 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 702
Profit for the year 25,310
Dividends (24,000 )
At 31 August 2024 2,012