Oaklands Investments Limited - Period Ending 2015-12-31

Registration number: 01869707

Oaklands Investments Limited Unaudited Abbreviated Accounts for the Year Ended 31 December 2015

Oaklands Investments Limited
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Oaklands Investments Limited
(Registration number: 01869707)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			223,679			224,235
Investments		2			-			290
					223,679			224,525
Current assets
Debtors					1,503			1,417
Cash at bank and in hand					3,791			1,520
					5,294			2,937
Creditors: Amounts falling due within one year					(29,776)			(34,001)
Net current liabilities					(24,482)			(31,064)
Net assets					199,197			193,461
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					199,097			193,361
Shareholders' funds					199,197			193,461

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 31 December 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.

Approved by the Board on 29 September 2016 and signed on its behalf by:

.........................................
R A W Scoones
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Oaklands Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of hire of goods and residential property rental.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Oaklands Investments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2015		245,630			290			245,920
Disposals		-			(290)			(290)
At 31 December 2015		245,630			-			245,630
Depreciation
At 1 January 2015		21,395			-			21,395
Charge for the year		556			-			556
At 31 December 2015		21,951			-			21,951
Net book value
At 31 December 2015		223,679			-			223,679
At 31 December 2014		224,235			290			224,525

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3