OAKYARD (MIDCO) TOP LIMITED


Director	LANYON, Richard Cruddas Bennicke


Registered Address	12-13 Lansdowne Terrace
	Newcastle Upon Tyne
	NE3 1HN


Registered Number	14261320 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Called up share capital not paid			100		100
Fixed assets
Investments	3		100		100
			100		100
Current assets
Debtors	4	2,653,131		2,392,162
		2,653,131		2,392,162
Creditors amounts falling due within one year	5	(3,500)		(2,600)
Net current assets (liabilities)			2,649,731		2,389,662
Total assets less current liabilities			2,649,831		2,389,762
Creditors amounts falling due after one year	6		(2,653,131)		(2,392,162)
Net assets			(3,300)		(2,400)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(3,400)		(2,500)
Shareholders' funds			(3,300)		(2,400)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2025, and are signed on its behalf by:

LANYON, Richard Cruddas Bennicke
Director
Registered Company No. 14261320

OAKYARD (MIDCO) TOP LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 24	100
	At 31 December 24	100
	Net book value
	At 31 December 24	100
	At 31 December 23	100

4.	Debtors: amounts due after one year

	2024	2023
	£	£
Amounts owed by group undertakings	2,653,131	2,392,162
Total	2,653,131	2,392,162

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Amounts owed to related parties	100	100
Accrued liabilities and deferred income	3,400	2,500
Total	3,500	2,600

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	2,653,131	2,392,162
Total	2,653,131	2,392,162

7.	Secured creditors
	The business secured funding from Midos GC Limited for the development of residential property sites at Hunton and Sadberge. The Hunton development is being carried out by Walbert Developments Ltd and the Sadberge development by Bodo Developments Limited, both of whom are subsidiary companies. The loan is secured by debentures over all of the assets of the company, Oakyard Developments (Midco) Ltd, Walbert Developments Ltd and Bodo Developments Ltd.

Secured creditors

The business secured funding from Midos GC Limited for the development of residential property sites at Hunton and Sadberge. The Hunton development is being carried out by Walbert Developments Ltd and the Sadberge development by Bodo Developments Limited, both of whom are subsidiary companies. The loan is secured by debentures over all of the assets of the company, Oakyard Developments (Midco) Ltd, Walbert Developments Ltd and Bodo Developments Ltd.

8.	Controlling party
	The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member: Hadrian Real Estate plc The parent's registered office address is: Rotterdam House 116 Quayside Newcastle upon Tyne NE1 3DY