Oakwood Developments No. 1 Limited

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

Registered number: NI651207

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks		2,214,274		1,585,993
Debtors	4	16,530		8,635
Cash at bank and in hand		294,149		156,604

		2,524,953		1,751,232
Creditors: Amounts Falling Due Within One Year		(2,508,336 )		(1,735,684 )

NET CURRENT ASSETS (LIABILITIES)			16,617		15,548

TOTAL ASSETS LESS CURRENT LIABILITIES			16,617		15,548

NET ASSETS			16,617		15,548

CAPITAL AND RESERVES
Called up share capital	5		2		2
Profit and Loss Account			16,615		15,546

SHAREHOLDERS' FUNDS			16,617		15,548

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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Steven Elliott

Director

21/09/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Oakwood Developments No. 1 Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI651207 . The registered office is 19 Church Road, Portadown, Co. Armagh, BT63 5HT.

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, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Stocks and Work in Progress

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.

Inventories, including land, are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the weighted average principle and includes all costs of production, costs of conversion and other costs incurred in bringing the inventories to their present location and condition

2.4. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. Average Number of Employees

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

4. Debtors

	2025	2024
	£	£
Due after more than one year

5. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	2	2

Amount of Allotted, Called Up Share Capital	2	2

6. Ultimate Controlling Party

Finnard Developments Ltd has a 100% shareholding in the company. Pincap Limited, a company incorporated in Isle of Man is considered the ultimate controlling party by way of 100% shareholding in Finnard Developments Ltd. Group accounts are not publicly available.

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Oakwood Developments No. 1 Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

7. Audit Information

The auditor's report on the accounts of Oakwood Developments No. 1 Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by James Robinson (Senior Statutory Auditor) for and on behalf of WHR Accountants Ltd , Statutory Auditor.

WHR Accountants Ltd

Chartered Certified Accountants

56 Upper English Street

Armagh

Co. Armagh

BT61 7LG

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