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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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A. OAKDEN & SONS LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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FOR |
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A. OAKDEN & SONS LIMITED |
A. OAKDEN & SONS LIMITED (REGISTERED NUMBER: 00073333) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 4 |
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A. OAKDEN & SONS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Manufactory House |
Bell Lane |
Hertford |
Hertfordshire |
SG14 1BP |
A. OAKDEN & SONS LIMITED (REGISTERED NUMBER: 00073333) |
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REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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The directors present their report with the financial statements of the company for the year ended 31st December 2016. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2016 to the date of this |
report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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A. OAKDEN & SONS LIMITED (REGISTERED NUMBER: 00073333) |
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BALANCE SHEET |
31ST DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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A. OAKDEN & SONS LIMITED (REGISTERED NUMBER: 00073333) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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A. Oakden & Sons Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Accounting convention |
These financial statements for the year ended 31 December 2016 are the first financial statements that comply |
with FRS 102 Section 1A. The date of transition is 01 January 2015. The transition to FRS 102 Section 1A small |
entities has resulted in accounting policies different to those used previously. |
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Going Concern Justification |
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The directors have assessed various factors and risks affecting the company and its ability in these difficult |
economic times to continue to trade as a going concern. The directors have not identified any material |
uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets |
and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st December |
2016 have been prepared using the going concern basis of accounting. |
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Revenue |
Revenue - Described as income from investments - is the value of dividends received and the profit/ loss on sale |
of investments during the year. |
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Revenue is recognised on the voting of dividends as per the shareholding contract, or the date shares were sold. |
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Investments |
Fixed asset Investments are stated at open market value as at the year end. |
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First year adoption note |
The company adopted FRS 102 from 01/01/2016 onwards. |
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The changes in the comparative figures are as shown in Note 8. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST OR VALUATION |
At 1st January 2016 |
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Additions |
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Disposals | ( |
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Revaluations |
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At 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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A. OAKDEN & SONS LIMITED (REGISTERED NUMBER: 00073333) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Cost or valuation at 31st December 2016 is represented by: |
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Other |
investments |
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Valuation in 2016 | 368,833 |
Valuation in 2015 | 1,482,322 |
Cost | 3,590,787 |
5,441,942 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | TRANSACTIONS WITH DIRECTORS |
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Administrative Salaries of £6,400 (2015 £6,400 ) were paid to wives of the Directors. |
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All of the Dividends were paid to Directors or their immediate families. There were no amounts due to the |
directors or their immediate family at the year end. |
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8. | EXPLANATION OF TRANSITION- PRIOR YEAR ADJUSTMENTS |
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Due to the implementation of FRS102 , the Investment Portfolio which was previously valued at cost , is now |
valued at Market Value. |
As a result of the market value being higher than original cost at 1st January 2016, this has resulted in a |
restatement of the asset and the resultant reserves at that date as follows:- |
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Capital and Reserves as previously reported under FRSSE £3,767,859 |
Restatement of Investments to Market Value £1,482,322 |
Deferred tax on restatement (£109,124) |
Restated Opening Capital and Reserves at 1st January 2016 £5,141,057 |