Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31falsetrueHolding company2021-01-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12648474 2021-01-01 2021-12-31 12648474 2020-06-05 2020-12-31 12648474 2021-12-31 12648474 2020-12-31 12648474 c:Director2 2021-01-01 2021-12-31 12648474 d:CurrentFinancialInstruments 2021-12-31 12648474 d:CurrentFinancialInstruments 2020-12-31 12648474 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12648474 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 12648474 d:ShareCapital 2021-12-31 12648474 d:ShareCapital 2020-12-31 12648474 d:RetainedEarningsAccumulatedLosses 2021-12-31 12648474 d:RetainedEarningsAccumulatedLosses 2020-12-31 12648474 d:TaxLossesCarry-forwardsDeferredTax 2021-12-31 12648474 d:TaxLossesCarry-forwardsDeferredTax 2020-12-31 12648474 c:OrdinaryShareClass1 2021-01-01 2021-12-31 12648474 c:OrdinaryShareClass1 2021-12-31 12648474 c:OrdinaryShareClass1 2020-12-31 12648474 c:FRS102 2021-01-01 2021-12-31 12648474 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 12648474 c:FullAccounts 2021-01-01 2021-12-31 12648474 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 12648474 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12648474










THE OAKS LEISURE GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
THE OAKS LEISURE GROUP LIMITED
REGISTERED NUMBER:12648474

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 5 
299
200

  
299
200

Current assets
  

Debtors
  
306
114

  
306
114

Creditors: amounts falling due within one year
 6 
(2,316)
(1,691)

Net current liabilities
  
 
 
(2,010)
 
 
(1,577)

Total assets less current liabilities
  
(1,711)
(1,377)

  

Net liabilities
  
(1,711)
(1,377)


Capital and reserves
  

Called up share capital 
 8 
198
99

Profit and loss account
  
(1,909)
(1,476)

  
(1,711)
(1,377)


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THE OAKS LEISURE GROUP LIMITED
REGISTERED NUMBER:12648474
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2022.




J E Williams
Director

The notes on pages 3 to 6 form part of these financial statements.

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THE OAKS LEISURE GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

The Oaks Leisure Group Limited, 12648474, is a private company limited by shares, incorporated in England and Wales. The address of its registered office and principal place of business is Ffinnant, Trefeglwys, Caersws, Powys, SY17 5QY.
The Company's principal activity is a holding company  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis and require the continued support of the Directors and other creditors. 

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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THE OAKS LEISURE GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, include expectations or future events that are believed to be reasonable under the circumstances. 
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimated nor assumptions that have a significant risk of causing a material adjustment to the harrying amounts of assets and liabilities within the next financial year. 


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

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THE OAKS LEISURE GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
200


Additions
99



At 31 December 2021
299





6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
594
-

Amounts owed to group undertakings
1,103
1,090

Other creditors
1
1

Accruals and deferred income
618
600

2,316
1,691



7.


Deferred taxation




2021


£






At beginning of year
114


Charged to profit or loss
192



At end of year
306

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THE OAKS LEISURE GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
 
7.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2021
2020
£
£


Tax losses carried forward
306
114

306
114


8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



198 (2020 - 99) Ordinary shares of £1.00 each
198
99


During the year a share for share exchange took place, whereby 99 shares were issued in the company in exchange for a 100% shareholding in Mid Wales Shooting Centre Limited.

 
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