Oakmills Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11854619

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,933		2,416
Investment Properties	5		175,000		145,000

			176,933		147,416
CURRENT ASSETS
Stocks	6	-		74,424
Debtors	7	152,495		150,000
Cash at bank and in hand		366,742		791

		519,237		225,215
Creditors: Amounts Falling Due Within One Year	8	(388,165 )		(315,155 )

NET CURRENT ASSETS (LIABILITIES)			131,072		(89,940 )

TOTAL ASSETS LESS CURRENT LIABILITIES			308,005		57,476

Creditors: Amounts Falling Due After More Than One Year	9		(231,000 )		(47,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,500 )		-

NET ASSETS			69,505		10,476

CAPITAL AND RESERVES
Called up share capital	10		1		1
Fair value reserve	13		30,000		-
Profit and Loss Account			39,504		10,475

SHAREHOLDERS' FUNDS			69,505		10,476

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Oakmills Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Jane Perkins

Director

24/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Oakmills Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11854619 . The registered office is 45 Mill Lane, Woodhall Spa, Lincs, LN10 6QZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Reducing Balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Oakmills Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost or Valuation
As at 1 April 2024	3,775

As at 31 March 2025	3,775

Depreciation
As at 1 April 2024	1,359
Provided during the period	483

As at 31 March 2025	1,842

Net Book Value
As at 31 March 2025	1,933

As at 1 April 2024	2,416

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	145,000
Revaluations	30,000

As at 31 March 2025	175,000

6. Stocks

	2025	2024
	£	£
Stock	-	74,424

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Oakmills Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,500	-
VAT	995	-

	2,495	-
Due after more than one year
Loan	150,000	150,000

	152,495	150,000

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	62,807	-
Corporation tax	13,216	5,996
Accruals and deferred income	1,373	1,150
Director's loan account	310,769	308,009

	388,165	315,155

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to related parties	231,000	47,000

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mrs Jane Perkins	2,750	9,127

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	2,750	9,127

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Oakmills Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

13. Reserves

	Fair Value Reserve
	£
Movements in fair value reserve	30,000

As at 31 March 2025	30,000

14. Related Party Transactions

During the year to 31 March 2025, Oakmills Properties Limited received £11,520 (2024 £11,520) in respect of rent from a close family member of Mrs Jane Perkins who is sole director and shareholder of the company.

During the year to 31 March 2025, the company received a loan of £194,000 (2024 £55,000) from close family members of Mrs Jane Perkins. During the year, the company repaid £10,000 of this loan.

During the year to 31 March 2024, Oakmills Properties Limited loaned £150,000 to a company controlled by a close family member of Mrs Jane Perkins. Interest of £15,000 (2024 £15,000) on this loan was received by Oakmills Properties Limited in the year to 31 March 2025.The loan is repayable on demand and Mrs Jane Perkins does not hold a controlling interest in the debtor company.

15. Ultimate Controlling Party

The company's ultimate controlling party is Mrs Jane Perkins by virtue of her ownership of 100% of the issued share capital in the company.

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