Oakhill Ltd Filleted accounts for Companies House (small and micro)

false false false false false false false false false true false false false false false false false No description of principal activity 2017-02-01 Sage Accounts Production Advanced 2018 - FRS 774,418 774,418 774,418 xbrli:pure xbrli:shares iso4217:GBP 03180402 2017-02-01 2018-01-31 03180402 2018-01-31 03180402 2017-01-31 03180402 bus:Director3 2017-02-01 2018-01-31 03180402 core:AfterOneYear 2018-01-31 03180402 core:AfterOneYear 2017-01-31 03180402 core:WithinOneYear 2017-01-31 03180402 core:ShareCapital 2018-01-31 03180402 core:ShareCapital 2017-01-31 03180402 core:CapitalRedemptionReserve 2018-01-31 03180402 core:CapitalRedemptionReserve 2017-01-31 03180402 core:RetainedEarningsAccumulatedLosses 2018-01-31 03180402 core:CostValuation core:Non-currentFinancialInstruments 2018-01-31 03180402 core:Non-currentFinancialInstruments 2018-01-31 03180402 core:Non-currentFinancialInstruments 2017-01-31 03180402 bus:Director3 2016-01-31 03180402 bus:Director3 2017-01-31 03180402 bus:Director3 2016-02-01 2017-01-31 03180402 bus:SmallEntities 2017-02-01 2018-01-31 03180402 bus:AuditExemptWithAccountantsReport 2017-02-01 2018-01-31 03180402 bus:FullAccounts 2017-02-01 2018-01-31 03180402 bus:SmallCompaniesRegimeForAccounts 2017-02-01 2018-01-31 03180402 bus:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31

COMPANY REGISTRATION NUMBER: 03180402

Oakhill Ltd

Filleted Unaudited Financial Statements

31 January 2018

Oakhill Ltd

Statement of Financial Position

31 January 2018

	2018		2017
Note	£	£	£

Fixed assets

Investments	4		774,418	774,418

Current assets

Debtors	5	1		1

Creditors: amounts falling due within one year	6	–		129
		----		----
Net current assets/(liabilities)			1	( 128)
			---------	---------
Total assets less current liabilities			774,419	774,290

Creditors: amounts falling due after more than one year	7	624,420	624,289
		---------	---------
Net assets		149,999	150,001
		---------	---------

Capital and reserves

Called up share capital	100,001	100,001
Capital redemption reserve	50,000	50,000
Profit and loss account	( 2)	–
	---------	---------
Shareholders funds	149,999	150,001
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Oakhill Ltd

Statement of Financial Position (continued)

31 January 2018

These financial statements were approved by the board of directors and authorised for issue on 28 August 2018 , and are signed on behalf of the board by:

Mr J P Wyatt
Director

Company registration number: 03180402

Oakhill Ltd

Notes to the Financial Statements

Year ended 31st January 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cory Way, West Wilts Trading Estate, Westbury, Wiltshire, BA13 4QT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Investments

	Other investments other than loans
	£
Cost
At 1st February 2017 and 31st January 2018	774,418
	---------
Impairment
At 1st February 2017 and 31st January 2018	–
	---------

Carrying amount
At 31st January 2018	774,418
	---------
At 31st January 2017	774,418
	---------

5. Debtors

	2018	2017
	£	£
Other debtors	1	1
	----	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	–	129
	----	----

7. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	624,420	624,289
	---------	---------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J P Wyatt	–	–	–
	----	----	----

	2017
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr J P Wyatt	43,635	( 43,634)	1
	--------	--------	----