Oakside Estates Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07132360 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

OAKSIDE ESTATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J J Devereux

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

07132360 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certifed Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Investment property

4

2,800,000

2,800,000

CURRENT ASSETS

Cash at bank

47,493

47,151

CREDITORS

Amounts falling due within one year

5

484,086

541,901

NET CURRENT LIABILITIES

(436,593

)

(494,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,363,407

2,305,250

PROVISIONS FOR LIABILITIES

6

248,256

248,256

NET ASSETS

2,115,151

2,056,994

CAPITAL AND RESERVES

Called up share capital

7

8

8

Retained earnings

8

2,115,143

2,056,986

SHAREHOLDERS' FUNDS

2,115,151

2,056,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2023 and were signed by:

Mr J J Devereux - Director

1.	STATUTORY INFORMATION

Oakside Estates Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2022

and 31 January 2023

2,800,000

NET BOOK VALUE

At 31 January 2023

2,800,000

At 31 January 2022

2,800,000

Fair value at 31 January 2023 is represented by:

£

Valuation in 2018

1,753,524

Valuation in 2019

(75,524

)

Cost

1,122,000

2,800,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Tax

13,642

15,993

Other creditors

94,511

94,511

Shareholder's loan

259,305

259,305

Directors' current accounts

111,828

167,292

Accrued expenses

4,800

4,800

484,086

541,901

6.	PROVISIONS FOR LIABILITIES

31.1.23

31.1.22

£

£

Deferred tax

248,256

248,256

Deferred

tax

£

Balance at 1 February 2022

248,256

Balance at 31 January 2023

248,256

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

8

Ordinary shares

£1

8

8

8.

RESERVES

31.01.23

31.01.22

£

£

Distributable reserves

685,399

627,242

Non-distributable reserves

1,429,744

1,429,744

At 31 January 2023

2,115,143

2,056,986