Oakhill (Milton Keynes) Limited Company Accounts
Oakhill (Milton Keynes) Limited Company Accounts
COMPANY REGISTRATION NUMBER:
04761288
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FINANCIAL STATEMENTS |
YEAR ENDED 30 JUNE 2017
Contents |
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Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Company secretary |
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Registered office |
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Accountants |
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Chartered accountant |
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Sovereign Court |
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230 Upper Fifth Street |
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Central Milton Keynes |
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MK9 2HR |
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Bankers |
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Central Milton Keynes |
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STATEMENT OF FINANCIAL POSITION |
2017 |
2016 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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CURRENT ASSETS
Debtors |
6 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
8 |
– |
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PROVISIONS
Taxation including deferred tax |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 March 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04761288
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 30 JUNE 2017
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign Court, 230 Upper Fifth Street, Central Milton Keynes, Buckinghamshire, MK9 2HR.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Revenue recognition
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
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Motor Vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Provisions
Financial instruments
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
2
(2016:
3
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5.
TANGIBLE ASSETS
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2016 and 30 June 2017 |
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Depreciation |
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At 1 July 2016 |
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Charge for the year |
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– |
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At 30 June 2017 |
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Carrying amount |
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At 30 June 2017 |
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------- |
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At 30 June 2016 |
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6.
DEBTORS
2017 |
2016 |
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£ |
£ |
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Trade debtors |
– |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7.
CREDITORS:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
CREDITORS:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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9.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Details of transactions with Director's occurring during the year are as follows:
Balance B/fwd | Advances | Credits | Balance C/fwd | ||
£ | £ | £ | £ | ||
Mrs E A Grace | 3,951 | – | – | 3,951 | |
10.
CONTROLLING PARTY
The ultimate parent company is
Oakhill Property Holdings Limited
, a company incorporated in the United Kingdom.
11.
TRANSITION TO FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.
No transitional adjustments were required in equity or profit or loss for the year.