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Financial Statements for the Period 1 July 2020 to 31 December 2021 |
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Blueoak Estates (Deva) Limited |
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Financial Statements for the Period 1 July 2020 to 31 December 2021 |
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for |
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Blueoak Estates (Deva) Limited |
Blueoak Estates (Deva) Limited (Registered number: 10149439) |
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Contents of the Financial Statements |
for the Period 1 July 2020 to 31 December 2021 |
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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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Blueoak Estates (Deva) Limited |
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Company Information |
for the Period 1 July 2020 to 31 December 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Blueoak Estates (Deva) Limited (Registered number: 10149439) |
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Balance Sheet |
31 December 2021 |
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31.12.21 | 30.6.20 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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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 |
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Retained earnings |
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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. |
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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 and authorised for issue on
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Blueoak Estates (Deva) Limited (Registered number: 10149439) |
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Notes to the Financial Statements |
for the Period 1 July 2020 to 31 December 2021 |
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1. | STATUTORY INFORMATION |
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Blueoak Estates (Deva) Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements for the period ended 31st December 2021 represent an accounting period of 18 months and as a result the comparative amounts presented in the financial statements are not entirely comparable. The year end has been shortened to bring the accounting period into line with that of other company's within the group. |
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Despite the company being affected by Covid-19 during the year the financial statements have been prepared on a going concern basis as the company has the continued support of its directors and fellow group undertakings. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received for the sale of property and management fees excluding value added tax. Turnover is recognised on the completion of the property sale and when the management service is provided. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Financial instruments |
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
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Intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
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Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
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Blueoak Estates (Deva) Limited (Registered number: 10149439) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2020 to 31 December 2021 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2020 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 30.6.20 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 30.6.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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6. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.21 | 30.6.20 |
£ | £ |
Within one year |
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Blueoak Estates (Deva) Limited (Registered number: 10149439) |
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Notes to the Financial Statements - continued |
for the Period 1 July 2020 to 31 December 2021 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.21 | 30.6.20 |
£ | £ |
Bank loans |
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8. | RELATED PARTY DISCLOSURES |
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Included in creditors as at 31st December 2021 is £430,527 (2020 £1,476,871) owing to Blueoak Estates Limited, the company's parent undertaking. |
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These loans are interest free and repayable on demand. |