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REGISTERED NUMBER: OC345590 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

OAK FRAMES DIRECT LLP

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAK FRAMES DIRECT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: D Hook
Rexblue Limited





REGISTERED OFFICE: Coldharbour Farm
Battle Road
Heathfield
East Sussex
TN21 9LQ





REGISTERED NUMBER: OC345590 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,530,000 1,530,000
1,530,000 1,530,000

CURRENT ASSETS
Debtors 6 83,393 215,733
Cash at bank and in hand 28,139 4,339
111,532 220,072
CREDITORS
Amounts falling due within one year 7 (700,537 ) (217,733 )
NET CURRENT (LIABILITIES)/ASSETS (589,005 ) 2,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

940,995

1,532,339

CREDITORS
Amounts falling due after more than one
year

8

(22,435

)

(32,387

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

918,560

1,499,952

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

240,612

224,001

MEMBERS' OTHER INTERESTS
Capital accounts 677,948 1,275,951
918,560 1,499,952

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 240,612 224,001
Members' other interests 677,948 1,275,951
Amounts due from members 6 (8,799 ) (76,432 )
909,761 1,423,520

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 November 2023 and were signed by:





D Hook - Designated member

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Oak Frames Direct LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 795
DEPRECIATION
At 1 April 2022
and 31 March 2023 795
NET BOOK VALUE
At 31 March 2023 -

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 1,530,000
NET BOOK VALUE
At 31 March 2023 1,530,000
At 31 March 2022 1,530,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,544 9,751
Amounts owed by group undertakings 72,050 129,550
Other debtors 8,799 76,432
83,393 215,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,952 9,707
Trade creditors 11,214 34,012
Amounts owed to group undertakings 493,319 -
Taxation and social security 36,838 45,784
Other creditors 149,214 128,230
700,537 217,733

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,435 32,387

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts shown as due as loans and other debts due to members rank pari pasu in relation to other creditors in the event of winding up.