Oaklands Shareblock Limited - Period Ending 2019-02-28

Registration number: 04657076

Oaklands Shareblock Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2019

Oaklands Shareblock Limited

Profit and Loss Account for the Year Ended 28 February 2019

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

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

Page 1

Oaklands Shareblock Limited

(Registration number: 04657076)
Balance Sheet as at 28 February 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	45,979	45,979
Current assets
Cash at bank and in hand		2	2
Creditors: Amounts falling due within one year	5	(45,979)	(45,979)
Net current liabilities		(45,977)	(45,977)
Net assets		2	2
Capital and reserves
Called up share capital	6	2	2
Total equity		2	2

For the financial year ending 28 February 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 11 November 2019
 

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

AM Barrell
Director

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

Page 2

Oaklands Shareblock Limited

Notes to the Financial Statements for the Year Ended 28 February 2019

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:
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Land and buildings	Not provided

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Page 3

Oaklands Shareblock Limited

Notes to the Financial Statements for the Year Ended 28 February 2019

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	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 March 2018	45,979	45,979
At 28 February 2019	45,979	45,979
Depreciation
Carrying amount
At 28 February 2019	45,979	45,979
At 28 February 2018	45,979	45,979

Included within the net book value of land and buildings above is £45,979 (2018 - £45,979) in respect of freehold land and buildings.
 

Whilst this is the cost price, the director has considered market value and believes it equates to cost price.

4	Cash and cash equivalents

	2019 £	2018 £
Cash on hand	2	2

5

Creditors

	2019 £	2018 £
Due within one year
Other payables	45,979	45,979

Page 4

Oaklands Shareblock Limited

Notes to the Financial Statements for the Year Ended 28 February 2019

6	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

7	Related party transactions

Other transactions with directors

A director was owed money, by way of a directors loan account, included in the accounts as other creditors. At the balance sheet date the amount owed was £45,979 (2018: £45,979). The loans are repayable on demand and are non interest bearing.

Page 5