Oakwood Homes Estate Agents Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05155235

OAKWOOD HOMES ESTATE AGENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

OAKWOOD HOMES ESTATE AGENTS LIMITED

CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OAKWOOD HOMES ESTATE AGENTS LIMITED

YEAR ENDED 31 DECEMBER 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

NEVILLE WESTON LIMITED Chartered Certified Accountants

3 High Street St Lawrence Ramsgate Kent CT11 0QL

25 September 2025

OAKWOOD HOMES ESTATE AGENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Intangible assets	5	790,000	763,222
Tangible assets	6	16,446	19,348
		-----------	-----------
		806,446	782,570

CURRENT ASSETS

Debtors	7	56,579		1,826

CREDITORS: amounts falling due within one year	8	444,677		205,195
		-----------		-----------
NET CURRENT LIABILITIES			388,098	203,369
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			418,348	579,201

CREDITORS: amounts falling due after more than one year	9	87,824	144,207
		-----------	-----------
NET ASSETS		330,524	434,994
		-----------	-----------

CAPITAL AND RESERVES

Called up share capital	431,000	431,000
Profit and loss account	( 100,476)	3,994
	-----------	-----------
SHAREHOLDERS FUNDS	330,524	434,994
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 . Directors Responsibilities: - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ; - The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

OAKWOOD HOMES ESTATE AGENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

I Sutherland

Director

Company registration number: 05155235

OAKWOOD HOMES ESTATE AGENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 70 St Mary Axe, London, EC2A 8BE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of Preparation

The accounts have been prepared on a going concern basis on the assumption of the continuing support of the directors and HSBC Bank Plc .

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	15% reducing balance
Fixtures and Fitting	-	15% reducing balance

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 17 (2023: 17 ).

5. INTANGIBLE ASSETS

	Goodwill	Development costs	Total
	£	£	£
Cost
At 1 January 2024	763,222	28,750	791,972
Additions	26,778	–	26,778
	-----------	---------	-----------
At 31 December 2024	790,000	28,750	818,750
	-----------	---------	-----------
Amortisation
Charge for the year	–	–	–
Disposals	–	28,750	28,750
	-----------	---------	-----------
At 31 December 2024	–	28,750	28,750
	-----------	---------	-----------
Carrying amount
At 31 December 2024	790,000	–	790,000
	-----------	---------	-----------
At 31 December 2023	763,222	28,750	791,972
	-----------	---------	-----------

6. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	82,178	117,142	199,320
	---------	-----------	-----------
Depreciation
At 1 January 2024	75,942	104,030	179,972
Charge for the year	935	1,967	2,902
	---------	-----------	-----------
At 31 December 2024	76,877	105,997	182,874
	---------	-----------	-----------
Carrying amount
At 31 December 2024	5,301	11,145	16,446
	---------	-----------	-----------
At 31 December 2023	6,236	13,112	19,348
	---------	-----------	-----------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	56,579	1,826
	---------	--------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	87,970	25,793
Trade creditors	130,200	23,860
Corporation tax	1,847	28,939
Social security and other taxes	75,489	96,627
Other creditors	149,171	29,976
	-----------	-----------
	444,677	205,195
	-----------	-----------

HSBC held a debenture over the assets of Oakwood Homes Estate Agents Ltd in relation to the bank loans and overdraft facility. This was withdrawn on 13.1.2025 when the overdraft and bank loans were repaid.

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	87,824	144,207
	---------	-----------