Registration number: 01374817

Oakfern Properties Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Oakfern Properties Limited

Company Information

Directors

O A Burge S J Davies R M Davies Mr H L Lakin

Company secretary

L Whitford

Registered office

Filwood Green Business Park 1 Filwood Park Lane Bristol BS4 1ET

Accountants

Manningtons 8 High Street Heathfield East Sussex TN21 8LS

Oakfern Properties Limited

(Registration number: 01374817)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	5	1,779,217	1,771,962
Current assets
Debtors	6	38,401	21,351
Cash at bank and in hand		275,012	86,493
		313,413	107,844
Creditors: Amounts falling due within one year	7	(84,214)	(80,023)
Net current assets		229,199	27,821
Net assets		2,008,416	1,799,783
Capital and reserves
Called up share capital		100	100
Retained earnings		2,008,316	1,799,683
Shareholders' funds		2,008,416	1,799,783

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 August 2025 and signed on its behalf by:
 

......................................... O A Burge Director

Oakfern Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Filwood Green Business Park
1 Filwood Park Lane
Bristol
BS4 1ET
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from rental income and other income associated with the ownership of property.Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Oakfern Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Furniture and equipment	20% straight line

Investment property

Investment property comprises freehold and long leasehold buildings. They are measured initially at cost, including related transaction costs. These are held as investments to earn rental income and for capital appreciation and are stated at fair value at the balance sheet date.

The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of the current market conditions.

Subsequent expenditure is added to assets carrying amount only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance cost are charged to the profit and loss account during the financial period in which they occur.

Any movement in the fair value of the properties is reflected within the profit and loss account for the year.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Oakfern Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 1).

Oakfern Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	8,502	8,502
At 31 December 2024	8,502	8,502
Depreciation
At 1 January 2024	8,502	8,502
At 31 December 2024	8,502	8,502
Carrying amount
At 31 December 2024	-	-

5	Investment properties

	2024 £
At 1 January	1,771,962
Additions	7,255
At 31 December	1,779,217

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2024 £	2023 £
Trade debtors	27,128	4,808
Taxation and social security	2,384	2,654
Other debtors	8,889	13,889
	38,401	21,351

Oakfern Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	7,348	2,306
Taxation and social security	58,750	59,800
Accruals and deferred income	2,275	2,275
Other creditors	15,841	15,642
	84,214	80,023

8	Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions or balances with wholly owned subsidiaries within the group.

Summary of transactions with other related parties

Padmanor Investments Limited loan
Paradise Farm Limited loan
S.J. Davies who is the son of R.M. Davies
Management fees are paid to S.J. Davies

9	Parent and ultimate parent undertaking

The company's immediate parent is Moatstar Limited, incorporated in England.

 The ultimate parent is Marchmont Farms Limited, incorporated in England.