ACCOUNTS - Final Accounts

Registered number: 13931993

OAKWOOD PARKS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

OAKWOOD PARKS LTD

REGISTERED NUMBER: 13931993

BALANCE SHEET

AS AT 28 FEBRUARY 2025

		2025		2024
Note		£		£

Current assets
Debtors: amounts falling due within one year	4	276,008		105,635
Cash at bank and in hand		1,451		39,179
		277,459		144,814
Creditors: amounts falling due within one year	5	(139,131)		(68,816)
Net current assets			138,328		75,998
Total assets less current liabilities			138,328		75,998
Net assets			138,328		75,998

Capital and reserves
Called up share capital	100	1
Profit and loss account	138,228	75,997
	138,328	75,998

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OAKWOOD PARKS LTD

REGISTERED NUMBER: 13931993

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr J Smith

Director

Date: 3 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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OAKWOOD PARKS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Oakwood Parks Ltd is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Lossie Nursery, Langley Park Road, Iver, Buckinghamshire, SL0 0JQ.

The principal activity of the Company continued to be that of the operation of a residential mobile home park.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentational currency is Pounds sterling.

The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have considered the going concern basis in preparing these financial statements. They have concluded that the going concern basis is appropriate because sufficient funds will be generated for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income
Rental income is recognised on an accruals basis in the period to which it relates.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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OAKWOOD PARKS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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OAKWOOD PARKS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Debtors

					2025	2024
					£	£


Other debtors	276,008	105,635

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	750
Corporation tax	134,331	66,266
Accruals and deferred income	4,800	1,800
	139,131	68,816

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 1) Ordinary shares of £1 each	100	1

On 3 June 2024 99 Ordinary shares were issued at par for cash consideration.

7.	Related party transactions
	During the year the company continued to operate a loan with its directors. The amount due to the company at the year end was £206,362 (2024 - £78,980). Interest has been charged at 2.25% and is repayable on demand.

8.	Controlling party

The ultimate controlling parties are Mrs A Smith, Mr J Smith and Mr W Smith by virtue of their joint 100% shareholding.

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