Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2116truetrue 02937129 2021-04-01 2022-03-31 02937129 2020-04-01 2021-03-31 02937129 2022-03-31 02937129 2021-03-31 02937129 c:Director1 2021-04-01 2022-03-31 02937129 d:OfficeEquipment 2021-04-01 2022-03-31 02937129 d:OfficeEquipment 2022-03-31 02937129 d:OfficeEquipment 2021-03-31 02937129 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 02937129 d:OtherPropertyPlantEquipment 2021-04-01 2022-03-31 02937129 d:CurrentFinancialInstruments 2022-03-31 02937129 d:CurrentFinancialInstruments 2021-03-31 02937129 d:Non-currentFinancialInstruments 2022-03-31 02937129 d:Non-currentFinancialInstruments 2021-03-31 02937129 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02937129 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 02937129 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02937129 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 02937129 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 02937129 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 02937129 d:ShareCapital 2022-03-31 02937129 d:ShareCapital 2021-03-31 02937129 d:CapitalRedemptionReserve 2022-03-31 02937129 d:CapitalRedemptionReserve 2021-03-31 02937129 d:RetainedEarningsAccumulatedLosses 2022-03-31 02937129 d:RetainedEarningsAccumulatedLosses 2021-03-31 02937129 c:FRS102 2021-04-01 2022-03-31 02937129 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 02937129 c:FullAccounts 2021-04-01 2022-03-31 02937129 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 02937129 2 2021-04-01 2022-03-31 02937129 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 02937129 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 02937129









OAKDENE HOLLINS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
OAKDENE HOLLINS LIMITED
REGISTERED NUMBER: 02937129

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,448
13,549

  
22,448
13,549

Current assets
  

Debtors: amounts falling due within one year
 5 
354,949
276,809

Cash at bank and in hand
 6 
530,096
531,036

  
885,045
807,845

Creditors: amounts falling due within one year
 7 
(440,507)
(385,438)

Net current assets
  
 
 
444,538
 
 
422,407

Total assets less current liabilities
  
466,986
435,956

Creditors: amounts falling due after more than one year
 8 
-
(41,667)

Provisions for liabilities
  

Deferred tax
 10 
(4,265)
(2,574)

  
 
 
(4,265)
 
 
(2,574)

Net assets
  
462,721
391,715


Capital and reserves
  

Called up share capital 
  
61
61

Capital redemption reserve
  
39
39

Profit and loss account
  
462,621
391,615

  
462,721
391,715


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.

Page 1

 
OAKDENE HOLLINS LIMITED
REGISTERED NUMBER: 02937129
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

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 income and retained earnings 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 12 September 2022.




D P Fitzsimons
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Oakdene Hollins Limited is a company limited by shares incorporated in England and Wales within the United Kingdom.  The address of the registered office is Ardenham Court, Oxford Road, Aylesbury, Buckinghamshire, HP19 8HT.
The company's principal activity is that of research and consulting for the circular economy.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer and office equipment
-
25% - 50% straight line
Web development and software
-
50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

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.

Page 4

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.  The Company also contributes fixed amounts into the personal pension plan of one of their employees.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plans are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

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.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2021 - 16).

Page 6

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2021
85,112


Additions
16,639


Disposals
(592)



At 31 March 2022

101,159



Depreciation


At 1 April 2021
71,563


Charge for the year on owned assets
7,312


Disposals
(164)



At 31 March 2022

78,711



Net book value



At 31 March 2022
22,448



At 31 March 2021
13,549

Page 7

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£


Trade debtors
318,689
265,072

Other debtors
11,451
2,542

Prepayments and accrued income
24,809
9,195

354,949
276,809



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
530,096
531,036

530,096
531,036



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
41,666
8,333

Trade creditors
89,243
9,620

Other taxation and social security
57,149
78,353

Other creditors
1,960
6,358

Accruals and deferred income
250,489
282,774

440,507
385,438


2022
2021
£
£

Other taxation and social security

PAYE/NI control
17,444
15,375

VAT control
39,705
62,978

57,149
78,353


Page 8

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
-
41,667

-
41,667



9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
41,666
8,333


41,666
8,333


Amounts falling due 2-5 years

Bank loans
-
41,667


-
41,667


41,666
50,000



10.


Deferred taxation




2022


£






At beginning of year
(2,574)


Charged to profit or loss
(1,691)



At end of year
(4,265)

Page 9

 
OAKDENE HOLLINS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(4,265)
(2,574)

(4,265)
(2,574)


11.


Pension commitments

During the year the company contributed to the personal pension schemes of employees. The pension cost charge represents contributions payable by the company to the funds and amounted to £12,839 (2021: £11,745).

 
Page 10