Oaklands Investments Ltd - Period Ending 2014-12-31

Registration number: 01869707

Oaklands Investments Ltd Unaudited Abbreviated Accounts for the Year Ended 31 December 2014

Oaklands Investments Ltd
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Oaklands Investments Ltd
(Registration number: 01869707)
Abbreviated Balance Sheet at 31 December 2014

	Note		2014						2013
	£			£			£			£
Fixed assets
Tangible fixed assets	2					224,235						223,427
Investments	2					290						290
						224,525						223,717
Current assets
Debtors			1,417						374
Cash at bank and in hand			1,520						1,915
			2,937						2,289
Creditors: Amounts falling due within one year			(34,001)						(36,569)
Net current liabilities						(31,064)						(34,280)
Net assets						193,461						189,437
Capital and reserves
Called up share capital	3		100						100
Profit and loss account			193,361						189,337
						193,461						189,437

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Board on 29 September 2015 and signed on its behalf by:

......................................... R A W Scoones Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Oaklands Investments Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of hire of goods and residential property rental.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Oaklands Investments Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2014		244,080			290			244,370
Additions		1,550			-			1,550
At 31 December 2014		245,630			290			245,920
Depreciation
At 1 January 2014		20,653			-			20,653
Charge for the year		742			-			742
At 31 December 2014		21,395			-			21,395
Net book value
At 31 December 2014		224,235			290			224,525
At 31 December 2013		223,427			290			223,717

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3