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No description of principal activity
2020-11-01
Sage Accounts Production Advanced 2021 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
03653174
2020-11-01
2021-10-31
03653174
2021-10-31
03653174
2020-10-31
03653174
bus:RegisteredOffice
2020-11-01
2021-10-31
03653174
bus:LeadAgentIfApplicable
2020-11-01
2021-10-31
03653174
bus:Director1
2020-11-01
2021-10-31
03653174
bus:Director2
2020-11-01
2021-10-31
03653174
bus:Director5
2020-11-01
2021-10-31
03653174
core:WithinOneYear
2021-10-31
03653174
core:WithinOneYear
2020-10-31
03653174
core:ShareCapital
2021-10-31
03653174
core:ShareCapital
2020-10-31
03653174
core:SharePremium
2021-10-31
03653174
core:SharePremium
2020-10-31
03653174
core:RetainedEarningsAccumulatedLosses
2021-10-31
03653174
core:RetainedEarningsAccumulatedLosses
2020-10-31
03653174
core:CostValuation
core:Non-currentFinancialInstruments
2020-10-31
03653174
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2021-10-31
03653174
core:Non-currentFinancialInstruments
2020-10-31
03653174
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2020-11-01
2021-10-31
03653174
bus:AuditExemptWithAccountantsReport
2020-11-01
2021-10-31
03653174
bus:FullAccounts
2020-11-01
2021-10-31
03653174
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2020-11-01
2021-10-31
03653174
bus:PrivateLimitedCompanyLtd
2020-11-01
2021-10-31
COMPANY REGISTRATION NUMBER:
03653174
OAK GREEN ESTATES LIMITED
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS
|
|
OAK GREEN ESTATES LIMITED
|
|
YEAR ENDED 31 OCTOBER 2021
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
OAK GREEN ESTATES LIMITED
|
|
OFFICERS AND PROFESSIONAL ADVISERS
|
|
The board of directors
|
M J Pendower
|
|
G T Marsden
|
|
N J Colvin
|
|
|
Registered office
|
95 Jermyn Street
|
|
London
|
|
SW1Y 6JE
|
|
|
Accountants
|
BSG Valentine (UK) LLP
|
|
Chartered Accountants
|
|
Lynton House
|
|
7-12 Tavistock Square
|
|
London
|
|
WC1H 9BQ
|
|
|
OAK GREEN ESTATES LIMITED
|
|
STATEMENT OF FINANCIAL POSITION
|
|
31 October 2021
FIXED ASSETS
CURRENT ASSETS
Stocks
|
1,456,289
|
|
1,561,289
|
|
Debtors
|
6
|
29,267
|
|
46,080
|
|
Cash at bank and in hand
|
119,663
|
|
65,254
|
|
|
------------
|
|
------------
|
|
|
1,605,219
|
|
1,672,623
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year
|
7
|
(
69,946)
|
|
(
58,203)
|
|
|
------------
|
|
------------
|
|
NET CURRENT ASSETS
|
|
1,535,273
|
|
1,614,420
|
|
|
------------
|
|
------------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
1,535,273
|
|
1,837,913
|
|
|
------------
|
|
------------
|
NET ASSETS
|
|
1,535,273
|
|
1,837,913
|
|
|
------------
|
|
------------
|
|
|
|
|
|
|
CAPITAL AND RESERVES
Called up share capital
|
|
60
|
|
60
|
Share premium account
|
|
389,982
|
|
389,982
|
Profit and loss account
|
|
1,145,231
|
|
1,447,871
|
|
|
------------
|
|
------------
|
SHAREHOLDERS FUNDS
|
|
1,535,273
|
|
1,837,913
|
|
|
------------
|
|
------------
|
|
|
|
|
|
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 Section 1A of 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 income and retained earnings has not been delivered.
For the year ending 31 October 2021 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
.
OAK GREEN ESTATES LIMITED
|
|
STATEMENT OF FINANCIAL POSITION (continued)
|
|
31 October 2021
These financial statements were approved by the
board of directors
and authorised for issue on
8 July 2022
, and are signed on behalf of the board by:
Company registration number:
03653174
OAK GREEN ESTATES LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 OCTOBER 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 95 Jermyn Street, London, SW1Y 6JE.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts received on sale of properties, and rental income receivable during the year on stock of properties, exclusive of Value Added Tax. Sales of properties is recognised on completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stocks include cost of properties and associated purchase costs.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020: Nil).
5.
Investments
|
Shares in group undertakings
|
Other investments other than loans
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 November 2020
|
1
|
232,000
|
232,001
|
Disposals
|
(
1)
|
(
232,000)
|
(
232,001)
|
|
----
|
---------
|
---------
|
At 31 October 2021
|
–
|
–
|
–
|
|
----
|
---------
|
---------
|
Impairment
|
|
|
|
At 1 November 2020 and 31 October 2021
|
–
|
–
|
–
|
|
----
|
---------
|
---------
|
|
|
|
|
Carrying amount
|
|
|
|
At 31 October 2021
|
–
|
–
|
–
|
|
----
|
---------
|
---------
|
At 31 October 2020
|
1
|
232,000
|
232,001
|
|
----
|
---------
|
---------
|
|
|
|
|
6.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Trade debtors
|
6,198
|
6,999
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest
|
–
|
21,000
|
Other debtors
|
23,069
|
18,081
|
|
--------
|
--------
|
|
29,267
|
46,080
|
|
--------
|
--------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Trade creditors
|
3,600
|
2,011
|
Corporation tax
|
18,144
|
20,074
|
Other creditors
|
48,202
|
36,118
|
|
--------
|
--------
|
|
69,946
|
58,203
|
|
--------
|
--------
|
|
|
|