Oaklands Avenue Chard Limited - Period Ending 2023-02-28

Oaklands Avenue Chard Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 8

Oaklands Avenue Chard Limited

Company Information

Directors

T P Bishop A F Paul

Company secretary

Dickinson Bowden Secretarial Services Limited

Registered office

62 High West Street Dorchester Dorset DT1 1UY

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Oaklands Avenue Chard Limited

Directors' Report
for the Year Ended 28 February 2023

The directors present their report and the financial statements for the year ended 28 February 2023.

Directors of the company

The directors who held office during the year were as follows:

T P Bishop (appointed 5 July 2022)

A F Paul

Small companies provision statement

This report has 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.

Approved by the Board on 22 February 2024 and signed on its behalf by:

Dickinson Bowden Secretarial Services Limited
Company secretary

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oaklands Avenue Chard Limitedfor the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oaklands Avenue Chard Limited for the year ended 28 February 2023 as set out on pages 4 to 8 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Oaklands Avenue Chard Limited, as a body, in accordance with the terms of our engagement letter dated 15 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of Oaklands Avenue Chard Limited and state those matters that we have agreed to state to the Board of Directors of Oaklands Avenue Chard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oaklands Avenue Chard Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oaklands Avenue Chard Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oaklands Avenue Chard Limited. You consider that Oaklands Avenue Chard 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 accounts of Oaklands Avenue Chard 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 accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

26 February 2024

Oaklands Avenue Chard Limited

Profit and Loss Account
for the Year Ended 28 February 2023

	2023 £	2022 £
Turnover	4,949	7,519
Gross surplus	4,949	7,519
Administrative expenses	(4,605)	(4,303)
Operating surplus	344	3,216
Surplus before tax	344	3,216
Taxation	-	-
Surplus for the financial year	344	3,216

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Oaklands Avenue Chard Limited

(Registration number: 11828166)
Balance Sheet as at 28 February 2023

	Note	2023		2022
		£	£	£	£
Current assets
Debtors	4		4,006		2,284
Cash at bank and in hand			1,464		1,179
			5,470		3,463
Creditors: Amounts falling due within one year	5		(4,944)		(3,281)
Net assets			526		182
Capital and reserves
Profit and loss account		526		182
Total equity			526		182

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.

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

T P Bishop Director

Oaklands Avenue Chard Limited

Statement of Changes in Equity
for the Year Ended 28 February 2023

	Profit and loss account £	Total £
At 1 March 2022	182	182
Surplus for the year	344	344
At 28 February 2023	526	526

	Profit and loss account £	Total £
At 1 March 2021	(3,034)	(3,034)
Surplus for the year	3,216	3,216
At 28 February 2022	182	182

Oaklands Avenue Chard Limited

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

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
62 High West Street
Dorchester
Dorset
DT1 1UY

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
 

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.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.
 

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.
 

Oaklands Avenue Chard 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 during the year, was 0 (2022 - 0). The average number of directors on the board during the year was 2 (2022 - 1).

4

Debtors

Current	2023 £	2022 £
Amounts due from lessees	3,649	1,874
Prepayments	237	290
Other debtors	120	120
	4,006	2,284

5

Creditors

	2023 £	2022 £
Due within one year
Amounts in advance from lessees	327	327
Accruals	630	594
Other creditors	3,987	2,360
	4,944	3,281