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Financial Statements |
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for the Year Ended 31 March 2021 |
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for |
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Oakcircle Limited |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 March 2021 |
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for |
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Oakcircle Limited |
Oakcircle Limited (Registered number: 01723369) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Oakcircle Limited |
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Company Information |
for the Year Ended 31 March 2021 |
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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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AUDITORS: |
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Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |
Oakcircle Limited (Registered number: 01723369) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
(Unaudited) |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Sinking fund | 7 |
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Retained surplus | 7 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income and expenditure account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Oakcircle Limited (Registered number: 01723369) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Oakcircle Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Income |
Income is contributions in respect of service charge income. |
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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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
(Unaudited) |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
(Unaudited) |
£ | £ |
Trade creditors |
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Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 6 | 6 |
Oakcircle Limited (Registered number: 01723369) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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7. | RESERVES |
Retained | Sinking |
surplus | fund | Totals |
£ | £ | £ |
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At 1 April 2020 |
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21,796 |
Profit for the year |
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Reimbursement from sinking |
fund | - | (200 | ) | (200 | ) |
Transfer to other creditors | (10,136 | ) | - | (10,136 | ) |
At 31 March 2021 |
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11,460 |
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The company operates to manage the communal areas, of the flats owned by the members. |
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The company, therefore, is a non-profit making entity and as a result any surplus reserves are due back to the members if they sell their property. |
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Therefore opening reserves have been restated to creditors due within one year. |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | RELATED PARTY DISCLOSURES |
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At 31 March 2021 an amount of £7,103 was due to/(from) the directors/shareholders in respect of over/(under) contributions to the expenditure of the company. |