Oaklands Shareblock Limited - Period Ending 2023-02-28

Oaklands Shareblock Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Oaklands Shareblock Limited

(Registration number: 04657076)
Balance Sheet as at 28 February 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	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		2	2
Shareholders' funds		2	2

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2023
 

......................................... AM Barrell Director

Oaklands Shareblock Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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.

Oaklands Shareblock Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 March 2022	45,979	45,979
At 28 February 2023	45,979	45,979
Depreciation
Carrying amount
At 28 February 2023	45,979	45,979
At 28 February 2022	45,979	45,979

Included within the net book value of land and buildings above is £45,979 (2022 - £45,979) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Other creditors	45,979	45,979

Oaklands Shareblock Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6	Related party transactions

Other transactions with the director

A director was owed money, by the way of directors loan account, included in the accounts as other creditors. At the balance sheet date the amount owed was £45,979 (2022: £45,979). The loans repayable on demand and are non interest bearing.