Green Oaks Property Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13689395 (England and Wales)

Unaudited Financial Statements

for the Period 19 October 2021 to 31 March 2023

for

Green Oaks Property Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A S Bhandal

B S Bhandal

S Farmah

N Farmah

REGISTERED OFFICE:

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

REGISTERED NUMBER:

13689395 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Green Oaks Property Limited for the period ended 31 March 2023 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Green Oaks Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Green Oaks Property Limited and state those matters that we have agreed to state to the Board of Directors of Green Oaks Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Oaks Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Green Oaks Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Green Oaks Property Limited. You consider that Green Oaks Property Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Green Oaks Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

11 October 2023

FIXED ASSETS

Investment property

4

309,053

CURRENT ASSETS

Debtors

5

710

Cash at bank

1,253

1,963

CREDITORS

Amounts falling due within one year

6

(9,500

)

NET CURRENT LIABILITIES

(7,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

301,516

CREDITORS

Amounts falling due after more than one year

7

(346,855

)

NET LIABILITIES

(45,339

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(45,439

)

(45,339

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:

A S Bhandal - Director

B S Bhandal - Director

S Farmah - Director

N Farmah - Director

1.	STATUTORY INFORMATION

Green Oaks Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

At 31 March 2023 there were net current liabilities amounting to £7,537 and a deficiency of assets amounting to £45,339. The company was dependant upon the continuing financial support of the directors. The directors have confirmed that they will continue to support the company and as such the accounts have been prepared on a going concern basis. The accounts do not include any adjustments that would result from a withdrawal of the directors financial support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

309,053

At 31 March 2023

309,053

NET BOOK VALUE

At 31 March 2023

309,053

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

537

Other debtors

173

710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

5,000

Other creditors

4,500

9,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

296,003

Other creditors

50,852

346,855

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

271,003

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

301,003

The bank loan is secured by a charge over the company's assets.