Abbreviated Company Accounts - OAKWOOD HOUSE DEVELOPMENTS LIMITED

OAKWOOD HOUSE DEVELOPMENTS LIMITED - Company Information

08544798 OAKWOOD HOUSE DEVELOPMENTS LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 08544798 2015-06-01 2016-05-31 08544798 2016-05-31 08544798 2015-05-31 08544798 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 08544798 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 iso4217:GBP shares

Registered Number 08544798

OAKWOOD HOUSE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 May 2016

OAKWOOD HOUSE DEVELOPMENTS LIMITED Registered Number 08544798

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	4,000	6,000
Tangible assets	3	5,780	7,753
Investments	4	62,648	47,057
		72,428	60,810
Current assets
Stocks		300	200
Debtors		2,399	3,620
Cash at bank and in hand		10,794	2,660
		13,493	6,480
Creditors: amounts falling due within one year		(41,500)	(39,769)
Net current assets (liabilities)		(28,007)	(33,289)
Total assets less current liabilities		44,421	27,521
Provisions for liabilities		(826)	(1,149)
Total net assets (liabilities)		43,595	26,372
Capital and reserves
Called up share capital	5	1	1
Profit and loss account		43,594	26,371
Shareholders' funds		43,595	26,372

For the year ending 31 May 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2017

And signed on their behalf by:
A Graystock, Director

OAKWOOD HOUSE DEVELOPMENTS LIMITED Registered Number 08544798

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
1.1 The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
1.2. Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling due within the company's ordinary activities.

Tangible assets depreciation policy
1.3. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% Reducing balance
Motor Vehicles - 25% Reducing balance
Computers - 3 years straight line

Intangible assets amortisation policy
1.4. Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.

Other accounting policies
1.5. Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
1.6. Stock
Stock is valued at the lower of cost and net realisable value.
1.7. Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Intangible fixed assets

	£
Cost
At 1 June 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	10,000
Amortisation
At 1 June 2015	4,000
Charge for the year	2,000
On disposals	-
At 31 May 2016	6,000
Net book values
At 31 May 2016	4,000
At 31 May 2015	6,000

3Tangible fixed assets

	£
Cost
At 1 June 2015	11,009
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	11,009
Depreciation
At 1 June 2015	3,256
Charge for the year	1,973
On disposals	-
At 31 May 2016	5,229
Net book values
At 31 May 2016	5,780
At 31 May 2015	7,753

4Fixed assets Investments
Cost
At 1 June 2015 £ 47,057
Additions £ 172,671
Disposals £ (157,080)
At 31 May 2016 £ 62,648

Net book values
At 31 May 2016 £ 62,648
At 31 May 2015 £ 47,057

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary share of £1 each	1	1
1 Ordinary Equity shares of £1 each	1	1