Company Registration No. 07639608 (England and Wales)
OAKWOOD PLACE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
OAKWOOD PLACE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
OAKWOOD PLACE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,680
3,360
Tangible assets
2
19,774
19,522
Investments
2
17,100
16,000
38,554
38,882
Current assets
Debtors
61,743
34,062
Cash at bank and in hand
163,398
111,874
225,141
145,936
Creditors: amounts falling due within one year
(65,675)
(61,306)
Net current assets
159,466
84,630
Total assets less current liabilities
198,020
123,512
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
197,820
123,312
Shareholders' funds
198,020
123,512
For the financial year ended 31 March 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 December 2016
Mr Nic Carlton Smith
Director
Company Registration No. 07639608
OAKWOOD PLACE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10% reducing balance
Plant and machinery
20% reducing balance
Computer equipment
33% reducing balance
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
OAKWOOD PLACE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 April 2015
8,400
29,780
16,000
54,180
Additions
-
3,827
1,100
4,927
At 31 March 2016
8,400
33,607
17,100
59,107
Depreciation
At 1 April 2015
5,040
10,257
-
15,297
Charge for the year
1,680
3,576
-
5,256
At 31 March 2016
6,720
13,833
-
20,553
Net book value
At 31 March 2016
1,680
19,774
17,100
38,554
At 31 March 2015
3,360
19,522
16,000
38,882
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Carlton Smith Asset Protection Ltd
United Kingdom
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Carlton Smith Asset Protection Ltd
Provision of Will and Trust planning services
418
2,631
OAKWOOD PLACE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary A Shares of £1 each
100
100
100 Ordinary B Shares of £1 each
100
100
200
200
2016-03-312015-04-01falsetruetruetruetruetruetmpDA40.html2016-12-14076396082015-04-012016-03-31076396082016-03-31076396082015-03-31076396082015-03-3107639608uk-bus:Director12015-04-012016-03-3107639608uk-gaap:LandBuildingsuk-gaap:LeasedTangibleFixedAssets2015-04-012016-03-3107639608uk-gaap:PlantMachinery2015-04-012016-03-3107639608uk-gaap:ComputerEquipment2015-04-012016-03-3107639608uk-gaap:Subsidiary12015-04-012016-03-3107639608uk-gaap:Subsidiary12016-03-3107639608uk-bus:OrdinaryShareClass12015-04-012016-03-3107639608uk-bus:OrdinaryShareClass22015-04-012016-03-3107639608uk-bus:OrdinaryShareClass12016-03-3107639608uk-bus:OrdinaryShareClass22016-03-3107639608uk-bus:OrdinaryShareClass12015-03-3107639608uk-bus:OrdinaryShareClass22015-03-31xbrli:purexbrli:sharesiso4217:GBP
