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REGISTERED NUMBER: 00749079 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Oakham Investments Limited

Oakham Investments Limited (Registered number: 00749079)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oakham Investments Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: Mrs M E Beardsley
I J Whitehorn





SECRETARY: I J Whitehorn





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 00749079 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Oakham Investments Limited (Registered number: 00749079)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 320,000 320,000

CURRENT ASSETS
Debtors 5 7,098 9,664
Cash at bank 19,921 29,013
27,019 38,677
CREDITORS
Amounts falling due within one year 6 16,637 16,037
NET CURRENT ASSETS 10,382 22,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,382

342,640

CAPITAL AND RESERVES
Called up share capital 10,250 10,250
Revaluation reserve 7 305,500 305,500
Capital redemption reserve 2,750 2,750
Retained earnings 11,882 24,140
SHAREHOLDERS' FUNDS 330,382 342,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 17 January 2024 and were signed on its behalf by:




I J Whitehorn - Director



Mrs M E Beardsley - Director


Oakham Investments Limited (Registered number: 00749079)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Oakham Investments 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.

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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 320,000
NET BOOK VALUE
At 30 April 2023 320,000
At 30 April 2022 320,000

Oakham Investments Limited (Registered number: 00749079)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2006 150,000
Valuation in 2007 100,000
Valuation in 2019 150,000
Valuation in 2020 (80,000 )
320,000

If the freehold properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 14,500 14,500

The properties were valued on an open market basis on 30 April 2020 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,810 8,003
Prepayments 2,288 1,661
7,098 9,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,921 1,491
Directors' current accounts 576 526
Accrued expenses 14,140 14,020
16,637 16,037

7. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 305,500

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M E Beardsley.