Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302ConsultancyThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-05-01falsetruetrue 11049220 2022-05-01 2023-04-30 11049220 2021-05-01 2022-04-30 11049220 2023-04-30 11049220 2022-04-30 11049220 c:Director1 2022-05-01 2023-04-30 11049220 d:CurrentFinancialInstruments 2023-04-30 11049220 d:CurrentFinancialInstruments 2022-04-30 11049220 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11049220 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 11049220 d:ShareCapital 2023-04-30 11049220 d:ShareCapital 2022-04-30 11049220 d:RetainedEarningsAccumulatedLosses 2023-04-30 11049220 d:RetainedEarningsAccumulatedLosses 2022-04-30 11049220 c:FRS102 2022-05-01 2023-04-30 11049220 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11049220 c:FullAccounts 2022-05-01 2023-04-30 11049220 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11049220 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 11049220









OAKEN VALLEY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
OAKEN VALLEY LIMITED
REGISTERED NUMBER: 11049220

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
 5 
38,678
55,005

  
38,678
55,005

Creditors: amounts falling due within one year
 6 
(8,495)
(13,169)

Net current assets
  
 
 
30,183
 
 
41,836

Total assets less current liabilities
  
30,183
41,836

  

Net assets
  
30,183
41,836


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
30,163
41,816

  
30,183
41,836


Page 1

 
OAKEN VALLEY LIMITED
REGISTERED NUMBER: 11049220
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

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 profit and loss account 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 by: 




J Heginbotham
Director

Date: 20 November 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
OAKEN VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Oaken Valley Limited is a company incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activites are set out in the Director's Report.

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

At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors have adopted the going concern basis of accounting in preparing the
financial statements.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
OAKEN VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 2 (2022 - 2).

Page 4

 
OAKEN VALLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Debtors






5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
38,678
55,005

38,678
55,005



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
6,728

Other creditors
6,575
4,643

Accruals and deferred income
1,920
1,798

8,495
13,169



7.


Related party transactions

In other creditors there is a Director's loan of £6,575 (2022:£4,643) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand.  

 
Page 5