Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30true2022-05-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity33true 07217038 2022-05-01 2023-04-30 07217038 2021-05-01 2022-04-30 07217038 2023-04-30 07217038 2022-04-30 07217038 c:Director1 2022-05-01 2023-04-30 07217038 d:MotorVehicles 2022-05-01 2023-04-30 07217038 d:MotorVehicles 2023-04-30 07217038 d:MotorVehicles 2022-04-30 07217038 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07217038 d:FurnitureFittings 2022-05-01 2023-04-30 07217038 d:FurnitureFittings 2023-04-30 07217038 d:FurnitureFittings 2022-04-30 07217038 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07217038 d:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 07217038 d:OtherPropertyPlantEquipment 2023-04-30 07217038 d:OtherPropertyPlantEquipment 2022-04-30 07217038 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07217038 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 07217038 d:Goodwill 2023-04-30 07217038 d:Goodwill 2022-04-30 07217038 d:CurrentFinancialInstruments 2023-04-30 07217038 d:CurrentFinancialInstruments 2022-04-30 07217038 d:Non-currentFinancialInstruments 2023-04-30 07217038 d:Non-currentFinancialInstruments 2022-04-30 07217038 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07217038 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 07217038 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07217038 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 07217038 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07217038 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 07217038 d:ShareCapital 2023-04-30 07217038 d:ShareCapital 2022-04-30 07217038 d:RetainedEarningsAccumulatedLosses 2023-04-30 07217038 d:RetainedEarningsAccumulatedLosses 2022-04-30 07217038 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 07217038 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-04-30 07217038 c:FRS102 2022-05-01 2023-04-30 07217038 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 07217038 c:FullAccounts 2022-05-01 2023-04-30 07217038 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 07217038 2 2022-05-01 2023-04-30 07217038 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07217038 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 07217038 e:PoundSterling 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 07217038










OAKLEIGH LETTING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
OAKLEIGH LETTING LIMITED
REGISTERED NUMBER: 07217038

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
26,799
25,178

  
26,799
25,178

Current assets
  

Debtors: amounts falling due within one year
 6 
1,830
1,266

Cash at bank and in hand
 7 
45,215
54,855

  
47,045
56,121

Creditors: amounts falling due within one year
 8 
(19,540)
(28,587)

Net current assets
  
 
 
27,505
 
 
27,534

Total assets less current liabilities
  
54,304
52,712

Creditors: amounts falling due after more than one year
 9 
(13,689)
(18,679)

Provisions for liabilities
  

Deferred tax
 12 
(5,092)
(4,784)

  
 
 
(5,092)
 
 
(4,784)

Net assets
  
35,523
29,249


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
35,521
29,247

  
35,523
29,249


Page 1

 
OAKLEIGH LETTING LIMITED
REGISTERED NUMBER: 07217038

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 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 11 January 2024.




K. Allen
Director

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

Page 2

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Oakleigh Letting Limited is a company limited by shares and was incorporated in Wales.
The registered office is:-
Kingsridge House,
601 London Road,
Westcliff-on-Sea,
Essex,
SS0 9PE.
The regsitered number is 07217038.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Interest income

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

Page 3

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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 4

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Motor vehicles
-
Fixtures, fittings and equipment
-
25% reducing balance
Website
-
Straight line over 3 years

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.15

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

2023
2022
£
£

Wages and salaries
42,712
41,976

42,712
41,976


The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 6

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
72,500



At 30 April 2023

72,500



Amortisation


At 1 May 2022
72,500



At 30 April 2023

72,500



Net book value



At 30 April 2023
-



At 30 April 2022
-



Page 7

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures, fittings and equipment
Website
Total

£
£
£
£



Cost or valuation


At 1 May 2022
28,000
11,162
3,886
43,048


Additions
8,915
1,137
-
10,052



At 30 April 2023

36,915
12,299
3,886
53,100



Depreciation


At 1 May 2022
6,417
7,567
3,886
17,870


Charge for the year on owned assets
7,439
992
-
8,431



At 30 April 2023

13,856
8,559
3,886
26,301



Net book value



At 30 April 2023
23,059
3,740
-
26,799



At 30 April 2022
21,583
3,595
-
25,178


6.


Debtors

2023
2022
£
£


Other debtors
106
-

Prepayments and accrued income
1,724
1,266

1,830
1,266



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
45,215
54,855

45,215
54,855


Page 8

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,990
4,987

Trade creditors
1,188
16,132

Corporation tax
7,189
2,103

Other taxation and social security
4,616
4,644

Other creditors
1,557
721

19,540
28,587



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
13,689
18,679

13,689
18,679



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,990
4,987


4,990
4,987

Amounts falling due 1-2 years

Bank loans
13,689
18,679


13,689
18,679



18,679
23,666


Page 9

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
45,215
54,855




Financial assets measured at fair value through profit or loss comprise cash at bank.


12.


Deferred taxation




2023


£






At beginning of year
4,784


Charged to profit or loss
308



At end of year
5,092

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
5,092
4,784

5,092
4,784


13.


Related party transactions

During the year dividends of £26,000 (2022 £25,500) were paid to K. Allen and J. Perrin.


14.


Controlling party

The ultimate controlling parties are K. Allen and J. Perrin.


Page 10