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Registered number: 12250796
Oasis Capital Partners Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12250796
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 3 1,359,923 1,219,946
1,359,923 1,219,946
CURRENT ASSETS
Debtors 4 15 50,007
15 50,007
Creditors: Amounts Falling Due Within One Year 5 (3,857 ) (2,057 )
NET CURRENT ASSETS (LIABILITIES) (3,842 ) 47,950
TOTAL ASSETS LESS CURRENT LIABILITIES 1,356,081 1,267,896
NET ASSETS 1,356,081 1,267,896
CAPITAL AND RESERVES
Called up share capital 6 1,200,988 1,138,499
Share premium account 152,950 125,454
Profit and Loss Account 2,143 3,943
SHAREHOLDERS' FUNDS 1,356,081 1,267,896
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Farid Sabri
Director
24 July 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Interest income
Revenue is recognised as interest accrues using the effective interest method.
1.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.4. Investments
Investments in unlisted company shares are recognized at cost less impairment as the fair value cannot be measured reliably. Any impairment loss in relation to the investment is recognized in the income statement.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Investments
Unlisted
£
Cost
As at 1 November 2022 1,219,946
Additions 139,977
As at 31 October 2023 1,359,923
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 1,359,923
As at 1 November 2022 1,219,946
Page 2
Page 3
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 15 7
Called up share capital not paid - 50,000
15 50,007
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 925 925
Accruals and deferred income 1,728 1,132
Amounts owed to related parties 1,204 -
3,857 2,057
6. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid - 50,000
Called Up Share Capital has been paid up 1,200,988 1,088,499
Amount of Allotted, Called Up Share Capital 1,200,988 1,138,499
7. Related Party Transactions
Included in creditors due within one year is an amount of £1,204 owed to the company in which the director has beneficial interest. The amount is interest free and repayable on demand.
8. General Information
Oasis Capital Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12250796 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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