Oak Holdings (Stalbridge) Limited - Period Ending 2015-03-31

Registration number: 04399097

Oak Holdings (Stalbridge) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Oak Holdings (Stalbridge) Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Oak Holdings (Stalbridge) Limited
(Registration number: 04399097)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					570,000			450,000
Investments					99			99
		2			570,099			450,099
Current assets
Debtors					411,222			308,452
Cash at bank and in hand					15,621			134,978
					426,843			443,430
Creditors: Amounts falling due within one year		3			(33,643)			(30,570)
Net current assets					393,200			412,860
Total assets less current liabilities					963,299			862,959
Creditors: Amounts falling due after more than one year					(570,000)			(570,000)
Net assets					393,299			292,959
Capital and reserves
Called up share capital		4			66			66
Capital redemption reserve					33			33
Profit and loss account					393,200			292,860
Shareholders' funds					393,299			292,959

Page 1

Oak Holdings (Stalbridge) Limited
(Registration number: 04399097)
Abbreviated Balance Sheet at 31 March 2015

For the year ending 31 March 2015 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 October 2015 and signed on its behalf by:

R J Turner Director

R Turner Director

Page 2

Oak Holdings (Stalbridge) Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2015

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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents management charges charged to the subsidiary company, net of VAT. Turnover is recognised when management charges are due.

Depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Freehold land	Not depreciated

Fixed asset investments

The investment in the subsidiary is stated at the par value of the shares issued in acquiring that investment.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Oak Holdings (Stalbridge) Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2015

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		450,000			99			450,099
Additions		120,000			-			120,000
At 31 March 2015		570,000			99			570,099
Depreciation
At 31 March 2015		-			-			-
Net book value
At 31 March 2015		570,000			99			570,099
At 31 March 2014		450,000			99			450,099

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Stalbridge Timber Supplies Limited		Ordinary	100%	the sale of timber and related products

The profit for the financial period of Stalbridge Timber Supplies Limited was £207,048 and the aggregate amount of capital and reserves at the end of the period was £467,182.

Page 4

Oak Holdings (Stalbridge) Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2015

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years not by instalments		570,000			570,000

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		66			66			66			66
10% Preference shares of £1 each		570,000			570,000			570,000			570,000
		570,066			570,066			570,066			570,066

Page 5