IRIS Accounts Production v24.1.0.578 10860228 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108602282022-10-31108602282023-10-31108602282022-11-012023-10-31108602282021-10-31108602282021-11-012022-10-31108602282022-10-3110860228ns15:EnglandWales2022-11-012023-10-3110860228ns14:PoundSterling2022-11-012023-10-3110860228ns10:Director12022-11-012023-10-3110860228ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3110860228ns10:SmallEntities2022-11-012023-10-3110860228ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3110860228ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3110860228ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3110860228ns10:FullAccounts2022-11-012023-10-3110860228ns5:CurrentFinancialInstruments2023-10-3110860228ns5:CurrentFinancialInstruments2022-10-3110860228ns5:ShareCapital2023-10-3110860228ns5:ShareCapital2022-10-3110860228ns5:RetainedEarningsAccumulatedLosses2023-10-3110860228ns5:RetainedEarningsAccumulatedLosses2022-10-3110860228ns10:RegisteredOffice2022-11-012023-10-3110860228ns5:LeaseholdImprovements2022-10-3110860228ns5:FurnitureFittings2022-10-3110860228ns5:ComputerEquipment2022-10-3110860228ns5:LeaseholdImprovements2022-11-012023-10-3110860228ns5:FurnitureFittings2022-11-012023-10-3110860228ns5:ComputerEquipment2022-11-012023-10-3110860228ns5:LeaseholdImprovements2023-10-3110860228ns5:FurnitureFittings2023-10-3110860228ns5:ComputerEquipment2023-10-3110860228ns5:LeaseholdImprovements2022-10-3110860228ns5:FurnitureFittings2022-10-3110860228ns5:ComputerEquipment2022-10-3110860228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3110860228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 10860228 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Oakley Property (Shoreham) Limited

Oakley Property (Shoreham) Limited (Registered number: 10860228)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Oakley Property (Shoreham) Limited (Registered number: 10860228)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 6,615 3,037

Current assets
Debtors 5 23,244 11,664
Cash at bank and in hand 11,194 124,389
34,438 136,053
Creditors: amounts falling due within
one year

6

66,957

38,803
Net current (liabilities)/assets (32,519 ) 97,250
Total assets less current liabilities (25,904 ) 100,287

Provisions for liabilities - 346
Net (liabilities)/assets (25,904 ) 99,941

Capital and reserves
Called up share capital 7 100,000 100,000
Retained earnings (125,904 ) (59 )
Shareholders' funds (25,904 ) 99,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Oakley Property (Shoreham) Limited (Registered number: 10860228)

Balance Sheet - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





T D Crossfield - Director


Oakley Property (Shoreham) Limited (Registered number: 10860228)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. Statutory information

Oakley Property (Shoreham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10860228

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% straight line
Computer equipment - 25% straight line
Leasehold improvements - 10% straight line

Oakley Property (Shoreham) Limited (Registered number: 10860228)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

Oakley Property (Shoreham) Limited (Registered number: 10860228)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. Property, plant and equipment
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 November 2022 6,075 8,061 5,216 19,352
Additions 6,905 - - 6,905
Disposals (6,075 ) - - (6,075 )
At 31 October 2023 6,905 8,061 5,216 20,182
Depreciation
At 1 November 2022 3,038 8,061 5,216 16,315
Charge for year 897 - - 897
Eliminated on disposal (3,645 ) - - (3,645 )
At 31 October 2023 290 8,061 5,216 13,567
Net book value
At 31 October 2023 6,615 - - 6,615
At 31 October 2022 3,037 - - 3,037

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,210 -
Other debtors 20,034 11,664
23,244 11,664

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 2,362 2,227
Amounts owed to group undertakings 58,796 32,912
Other creditors 5,799 3,664
66,957 38,803

Oakley Property (Shoreham) Limited (Registered number: 10860228)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. Called up share capital

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
value: £ £
100,000 Ordinary £1 100,000 100,000
100,000 100,000

8. Off-balance sheet arrangements

At the year end, the company had operating lease commitments of £37,583 (2022: £50,396).

9. Ultimate controlling party

Oakley Property (Sussex) Limited was the holding company throughout the period.