Oakhurst Group Ltd 12161680 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is 64209 Digita Accounts Production Advanced 6.30.9574.0 true true 12161680 2022-09-01 2023-08-31 12161680 2023-08-31 12161680 core:RetainedEarningsAccumulatedLosses 2023-08-31 12161680 core:ShareCapital 2023-08-31 12161680 core:CurrentFinancialInstruments 2023-08-31 12161680 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12161680 core:Non-currentFinancialInstruments 2023-08-31 12161680 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12161680 core:FurnitureFittingsToolsEquipment 2023-08-31 12161680 bus:SmallEntities 2022-09-01 2023-08-31 12161680 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12161680 bus:FullAccounts 2022-09-01 2023-08-31 12161680 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12161680 bus:RegisteredOffice 2022-09-01 2023-08-31 12161680 bus:Director1 2022-09-01 2023-08-31 12161680 bus:Director2 2022-09-01 2023-08-31 12161680 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12161680 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 12161680 core:OfficeEquipment 2022-09-01 2023-08-31 12161680 countries:EnglandWales 2022-09-01 2023-08-31 12161680 2022-08-31 12161680 core:CostValuation 2022-08-31 12161680 core:FurnitureFittingsToolsEquipment 2022-08-31 12161680 2021-09-01 2022-08-31 12161680 2022-08-31 12161680 core:RetainedEarningsAccumulatedLosses 2022-08-31 12161680 core:ShareCapital 2022-08-31 12161680 core:CurrentFinancialInstruments 2022-08-31 12161680 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12161680 core:Non-currentFinancialInstruments 2022-08-31 12161680 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 12161680 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 12161680

Oakhurst Group Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Oakhurst Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Oakhurst Group Ltd

Company Information

Directors

Mr Robert Eric Ravilious

Mrs Olivia Dolena Ravilious

Registered office

Charter House Wyvern Court
Wyvern Business Park
Stanier Way
Derby
DE21 6BF

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Oakhurst Group Ltd

(Registration number: 12161680)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,088

1,053

Investments

6

1,550

1,550

 

3,638

2,603

Current assets

 

Debtors

7

271,741

328,823

Cash at bank and in hand

 

178

9,309

 

271,919

338,132

Creditors: Amounts falling due within one year

8

(920)

(466)

Net current assets

 

270,999

337,666

Total assets less current liabilities

 

274,637

340,269

Creditors: Amounts falling due after more than one year

8

(239,861)

(243,357)

Net assets

 

34,776

96,912

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

33,776

95,912

Shareholders' funds

 

34,776

96,912

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 March 2024 and signed on its behalf by:
 

.........................................
Mr Robert Eric Ravilious
Director

 

Oakhurst Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Charter House Wyvern Court
Wyvern Business Park
Stanier Way
Derby
DE21 6BF

These financial statements were authorised for issue by the Board on 4 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

 

Oakhurst Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Oakhurst Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

966

465

Income from shares in group undertakings

-

(145,817)

 

Oakhurst Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

1,862

1,862

Additions

2,000

2,000

At 31 August 2023

3,862

3,862

Depreciation

At 1 September 2022

809

809

Charge for the year

965

965

At 31 August 2023

1,774

1,774

Carrying amount

At 31 August 2023

2,088

2,088

At 31 August 2022

1,053

1,053

6

Investments

2023
£

2022
£

Investments in associates

1,550

1,550

Associates

£

Cost

At 1 September 2022

1,550

Provision

Carrying amount

At 31 August 2023

1,550

At 31 August 2022

1,550

7

Debtors

 

Oakhurst Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

7

Debtors (continued)

Current

Note

2023
£

2022
£

Amounts owed by related parties

271,741

328,405

Prepayments

 

-

418

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

475

475

Other creditors

445

(9)

920

466

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

239,861

243,357

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

28,359

38,357

Other borrowings

211,502

205,000

239,861

243,357