Oldfield Lodge Property Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03936901 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Oldfield Lodge Property Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A L Desai

O M A Karim

Dr S Levi

P W Reginald

M Thomas

SECRETARY:

O M A Karim

REGISTERED OFFICE:

The Bridge Clinic

Bridge Road

Maidenhead

Berkshire

SL6 8DG

REGISTERED NUMBER:

03936901 (England and Wales)

ACCOUNTANTS:

Haines Watts (Berkhamsted) Limited

Chartered Accountants

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

FIXED ASSETS

Tangible assets

4

3,232,175

3,281,308

Investments

5

4

4

3,232,179

3,281,312

CURRENT ASSETS

Debtors

6

5,716

124

Cash at bank

697

4,253

6,413

4,377

CREDITORS

Amounts falling due within one year

7

420,342

527,327

NET CURRENT LIABILITIES

(413,929

)

(522,950

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,818,250

2,758,362

PROVISIONS FOR LIABILITIES

-

2,081

NET ASSETS

2,818,250

2,756,281

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

2,818,130

2,756,161

2,818,250

2,756,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:

P W Reginald - Director

1.	STATUTORY INFORMATION

Oldfield Lodge Property Holdings Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about Oldfield Lodge Property Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially recognised at cost and subsequently measured at cost less accumulated depreciation and impairment. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as a separate item of tangible fixed assets.

Depreciation is provided at the following annual rates in order to write off each asset over its useful

estimated life, on a reducing balance basis or, if held under a finance lease, over the lease term, whichever is shorter.

Freehold property - 2% on cost of building, land not depreciated

Plant and Machinery - 7 year straight line

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2022

and 30 June 2023

4,447,822

71,623

4,519,445

DEPRECIATION

At 1 July 2022

1,166,514

71,623

1,238,137

Charge for year

49,133

-

49,133

At 30 June 2023

1,215,647

71,623

1,287,270

NET BOOK VALUE

At 30 June 2023

3,232,175

-

3,232,175

At 30 June 2022

3,281,308

-

3,281,308

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2022

and 30 June 2023

4

NET BOOK VALUE

At 30 June 2023

4

At 30 June 2022

4

Oldfield Lodge Medical Practice Ltd

Registered office: U.K

Nature of business: Medical Practice

Class of shares:

% Holding

Ordinary

100

Oldfield Lodge Partnership Ltd

Registered office: U.K

Nature of business: Medical Practice

Class of shares:

% Holding

Ordinary

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Other debtors

5,716

124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

40,163

11,638

Amounts owed to group undertakings

310,564

473,911

Taxation and social security

27,555

33,283

Other creditors

42,060

8,495

420,342

527,327

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oldfield Lodge Property Holdings Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oldfield Lodge Property Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oldfield Lodge Property Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Oldfield Lodge Property Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oldfield Lodge Property Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oldfield Lodge Property Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oldfield Lodge Property Holdings Limited. You consider that Oldfield Lodge Property Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oldfield Lodge Property Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts (Berkhamsted) Limited

Chartered Accountants

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

18 December 2023