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REGISTERED NUMBER: 01425540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Oaks-Thompson Limited

Oaks-Thompson Limited (Registered number: 01425540)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Oaks-Thompson Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: C G F Thompson
Mrs J A Ludford





SECRETARY:





REGISTERED OFFICE: Langham Walsh
Central Boulevard
Blythe Valley Business Park
Solihull
West Midlands
B90 8AG





REGISTERED NUMBER: 01425540 (England and Wales)





ACCOUNTANTS: Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ

Oaks-Thompson Limited (Registered number: 01425540)

Abridged Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 466,745 467,361

CURRENT ASSETS
Debtors 11,258 12,392
Cash at bank 193,000 194,762
204,258 207,154
CREDITORS
Amounts falling due within one year 2,498 5,991
NET CURRENT ASSETS 201,760 201,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,505

668,524

PROVISIONS FOR LIABILITIES 332 567
NET ASSETS 668,173 667,957

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 600,000 600,000
Fair value reserve 5 46,343 46,343
Retained earnings 20,830 20,614
SHAREHOLDERS' FUNDS 668,173 667,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





C G F Thompson - Director


Oaks-Thompson Limited (Registered number: 01425540)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Oaks-Thompson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

No depreciation is provided on freehold investment property which is included in the financial statements at fair value.

Taxation
Taxation for the year 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.

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 year 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.

Rent received
Rent received represents net invoiced property rentals during the period, excluding value added taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Oaks-Thompson Limited (Registered number: 01425540)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 473,707
DEPRECIATION
At 1 January 2022 6,346
Charge for year 616
At 31 December 2022 6,962
NET BOOK VALUE
At 31 December 2022 466,745
At 31 December 2021 467,361

Investment property is held in the accounts at fair value of £464,999 (2021: £640,009). The fair values of the properties were assessed by the Directors of the Company.

Cost or valuation at 31 December 2022 is represented by:

Totals
£   
Valuation in 2016 47,418
Cost 426,289
473,707

5. RESERVES
Fair
value
reserve
£   
At 1 January 2022
and 31 December 2022 46,343

6. ULTIMATE CONTROLLING PARTY

The controlling party is G B Thompson Discretionary Trust.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oaks-Thompson Limited

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 Abridged Income Statement and certain other primary statements and the Report of the Directors 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 Oaks-Thompson Limited for the year ended 31 December 2022 which comprise the Abridged Income Statement, Abridged 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 Oaks-Thompson 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 Oaks-Thompson Limited and state those matters that we have agreed to state to the Board of Directors of Oaks-Thompson 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 Oaks-Thompson Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oaks-Thompson 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 profit of Oaks-Thompson Limited. You consider that Oaks-Thompson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oaks-Thompson 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.






Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ


30 September 2023