Oaklyn Construction Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01443070 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2024

for

Oaklyn Construction Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

24,011

58,669

Investment property

5

3,896,525

3,920,536

3,955,194

CURRENT ASSETS

Stocks

922,642

933,365

Debtors

6

4,564,342

4,791,076

Cash at bank

18,582

56,252

5,505,566

5,780,693

CREDITORS

Amounts falling due within one year

7

2,045,684

1,907,322

NET CURRENT ASSETS

3,459,882

3,873,371

TOTAL ASSETS LESS CURRENT LIABILITIES

7,380,418

7,828,565

CREDITORS

Amounts falling due after more than one year

8

(1,115,927

)

(1,165,858

)

PROVISIONS FOR LIABILITIES

(106,373

)

(115,038

)

NET ASSETS

6,158,118

6,547,669

CAPITAL AND RESERVES

Called up share capital

100

Non-distributable reserve

10

1,136,782

Retained earnings

5,021,236

5,410,787

SHAREHOLDERS' FUNDS

6,158,118

6,547,669

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr A J Carley - Director

1.	STATUTORY INFORMATION

Oaklyn Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01443070

Registered office:

Ebenezer House

Ryecroft

Newcastle-under-Lyme

Staffordshire

ST5 2BE

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 31 December 2023

98,725

182,476

281,201

Disposals

-

(133,981

)

(133,981

)

At 30 December 2024

98,725

48,495

147,220

DEPRECIATION

At 31 December 2023

97,283

125,249

222,532

Charge for year

288

7,619

7,907

Eliminated on disposal

-

(107,230

)

(107,230

)

At 30 December 2024

97,571

25,638

123,209

NET BOOK VALUE

At 30 December 2024

1,154

22,857

24,011

At 30 December 2023

1,442

57,227

58,669

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 December 2023

and 30 December 2024

3,896,525

NET BOOK VALUE

At 30 December 2024

3,896,525

At 30 December 2023

3,896,525

Fair value at 30 December 2024 is represented by:

£

Valuation in 2003

570,208

Valuation in 2024

666,944

Cost

2,659,373

3,896,525

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

as restated

£

Cost

2,659,373

Investment property was valued on an open market basis on 30 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

Trade debtors

1,250,780

1,524,098

Amounts owed by group undertakings

145,354

-

Amounts owed by associates

-

100,138

Other debtors

3,168,208

3,166,840

4,564,342

4,791,076

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

Bank loans and overdrafts

49,914

49,932

Trade creditors

47,701

25,923

Amounts owed to group undertakings

139,503

-

Amounts owed to associates

32,655

Taxation and social security

1,762,160

1,777,145

Other creditors

13,751

21,667

2,045,684

1,907,322

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

Bank loans

1,115,927

1,165,858

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

Bank loans

1,165,841

1,215,790

The Skipton Building Society loan is secured against the property to which it relates.

Arbuthnot Latham & Co Limited hold a fixed charge against various properties and a floating charge covering all property and undertaking of the company.

10.

RESERVES

Non-distributable

reserve

£

At 31 December 2023

and 30 December 2024

1,136,782

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 December 2024 and the period ended 30 December 2023:

2024

2023

as restated

£

Mrs S J I Carley

Balance outstanding at start of year

1,091,955

1,042,194

Amounts advanced

73,972

123,261

Amounts repaid

(73,972

)

(73,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,091,955

Mr E Carley

Balance outstanding at start of year

1,328,226

1,260,348

Amounts advanced

86,333

141,378

Amounts repaid

(86,333

)

(73,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,328,226

Mr J E Carley

Balance outstanding at start of year

14,113

(30,000

)

Amounts advanced

24,909

44,113

Amounts repaid

(39,022

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

14,113

Mr M R Carley

Balance outstanding at start of year

4,820

-

Amounts advanced

13,102

4,820

Amounts repaid

(17,922

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

4,820