Oakdene Developments (Midlands) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03444118 (England and Wales)

Oakdene Developments (Midlands) Limited

Unaudited Financial Statements

for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C A Ensor

M W Currie

A P Ensor

REGISTERED OFFICE:

Office 3 Swan Park Business Centre

Kettlebrook Road

Tamworth

Staffordshire

B77 1AG

REGISTERED NUMBER:

03444118 (England and Wales)

ACCOUNTANTS:

Tamworth Accountancy Services Limited

Office 3 Swan Park

Kettlebrook Road

Tamworth

Staffordshire

B77 1AG

FIXED ASSETS

Tangible assets

4

5,929,157

5,609,056

CURRENT ASSETS

Debtors

5

32,921

9,002

Cash at bank

44,925

149,556

77,846

158,558

CREDITORS

Amounts falling due within one year

6

100,586

80,422

NET CURRENT (LIABILITIES)/ASSETS

(22,740

)

78,136

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,906,417

5,687,192

CREDITORS

Amounts falling due after more than one
year

7

(1,865,750

)

(1,685,750

)

PROVISIONS FOR LIABILITIES

(499,256

)

(489,648

)

NET ASSETS

3,541,411

3,511,794

CAPITAL AND RESERVES

Called up share capital

990

Fair value reserve

9

588,508

Retained earnings

2,951,913

2,922,296

SHAREHOLDERS' FUNDS

3,541,411

3,511,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

A P Ensor - Director

1.	STATUTORY INFORMATION

Oakdene Developments (Midlands) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 etc

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 November 2024

5,731,717

106,101

5,837,818

Additions

323,372

-

323,372

At 31 October 2025

6,055,089

106,101

6,161,190

DEPRECIATION

At 1 November 2024

140,391

88,371

228,762

Charge for year

-

3,271

At 31 October 2025

140,391

91,642

232,033

NET BOOK VALUE

At 31 October 2025

5,914,698

14,459

5,929,157

At 31 October 2024

5,591,326

17,730

5,609,056

Cost or valuation at 31 October 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2009

1,167,843

-

1,167,843

Valuation in 2013

(424,505

)

-

(424,505

)

Valuation in 2014

(48,175

)

-

(48,175

)

Valuation in 2015

17,138

-

17,138

Valuation in 2017

(88,436

)

-

(88,436

)

Valuation in 2018

(35,355

)

-

(35,355

)

Valuation in 2019

903,942

-

903,942

Valuation in 2023

1,206,500

-

1,206,500

Cost

3,356,137

106,101

3,462,238

6,055,089

106,101

6,161,190

The following commercial properties were valued on 7th March 2023 by Carter Jonas Chartered Surveyors of Birmingham. Anchorbrook Business Park, Wharf Approach, Aldridge, West Midlands.Unit 16 Vigo Place, Aldridge,West Midlands.Burntwood Service Station, Lichfield Road,Burntwood WS7 0HQ. Unit 3 Linley Lodge Works, Westgate WS9 8EX.

The following residential properties were valued on June 2023 by the Directors at current market value. 27 Parkhill Road Burntwood WS7 2ET, 30 Railway Lane Burntwood WS7 1LT, 1 and 3 Ivy Close Burntwood WS7 3XS.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

23,919

-

Other debtors

9,002

32,921

9,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

14,953

19,922

Taxation and social security

42,829

34,167

Other creditors

42,804

26,333

100,586

80,422

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

1,865,750

1,685,750

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,865,750

1,685,750

8.	SECURED DEBTS

There company has given security in respect of the bank loans by way of a 1st legal charge on freehold premises as follows:-

Svenska Handelsbanken AB over Burntwood Service Station, Lichfield Road, Burntwood,WS7 0HQ; Unit 3 Bodycote Building, Westgate,Aldridge,WS9 8EX, Unit 16 Vigo Place,Aldridge,Walsall,West Midlands, 1 Ivy Close, Chasetown, Burntwood, Staffordshire, 3 Ivy Close, Chasetown, Burntwood, Staffordshire, 27 Parkhill Burntwood, Staffordshire, 30 Railway Lane, Burntwood, Staffordshire, Holly Cottage, Coppice Lane, Burntwood,Staffordshire, and The Labour Exchange,St Just, Penzance.

9.

RESERVES

Fair

value

reserve

£

At 1 November 2024

and 31 October 2025

588,508