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REGISTERED NUMBER: 10924640 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

OAKRIDGE PARTNERSHIP LTD

OAKRIDGE PARTNERSHIP LTD (REGISTERED NUMBER: 10924640)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

OAKRIDGE PARTNERSHIP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: D A Hutchinson





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 10924640 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

OAKRIDGE PARTNERSHIP LTD (REGISTERED NUMBER: 10924640)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,246 7,819
Tangible assets 5 4,656 6,528
10,902 14,347

CURRENT ASSETS
Debtors 6 25,400 71,580
Cash at bank 29,255 89,502
54,655 161,082
CREDITORS
Amounts falling due within one year 7 59,265 66,016
NET CURRENT (LIABILITIES)/ASSETS (4,610 ) 95,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,292

109,413

CREDITORS
Amounts falling due after more than one
year

8

(90,084

)

(109,646

)

PROVISIONS FOR LIABILITIES (885 ) (1,240 )
NET LIABILITIES (84,677 ) (1,473 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (84,777 ) (1,573 )
SHAREHOLDERS' FUNDS (84,677 ) (1,473 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OAKRIDGE PARTNERSHIP LTD (REGISTERED NUMBER: 10924640)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 29 August 2024 and were signed by:





D A Hutchinson - Director


OAKRIDGE PARTNERSHIP LTD (REGISTERED NUMBER: 10924640)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Oakridge Partnership Ltd 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents net invoiced sale of services excluding discounts, rebates and other sales taxes recognised at the invoice date.

Goodwill
Goodwill relates to the purchase of a database which is being written off over a period of ten years in accordance with the current accounting standards.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

OAKRIDGE PARTNERSHIP LTD (REGISTERED NUMBER: 10924640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 15,733
AMORTISATION
At 1 September 2022 7,914
Amortisation for year 1,573
At 31 August 2023 9,487
NET BOOK VALUE
At 31 August 2023 6,246
At 31 August 2022 7,819

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 8,179 142 1,485 9,806
DEPRECIATION
At 1 September 2022 2,045 82 1,151 3,278
Charge for year 1,533 15 324 1,872
At 31 August 2023 3,578 97 1,475 5,150
NET BOOK VALUE
At 31 August 2023 4,601 45 10 4,656
At 31 August 2022 6,134 60 334 6,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 25,400 71,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 24,176 26,475
Trade creditors 14,097 13,360
Tax 12,716 12,431
Social security and other taxes 1,304 79
VAT 5,691 10,232
Directors' current accounts 89 2,320
Accrued expenses 1,192 1,119
59,265 66,016

OAKRIDGE PARTNERSHIP LTD (REGISTERED NUMBER: 10924640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 26,228 26,723
Bank loans - 2-5 years 63,856 67,645
Bank loans more 5 yr by instal - 15,278
90,084 109,646

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 15,278

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

A director's current account exists and as at the balance sheet date the director, Mr D Hutchinson, was owed £89 by the company (2022: £2,320). There are no terms attached to this loan.

11. SOLVENCY

Although technically insolvent the accounts have been prepared under a going concern basis and the director. Mr D Hutchinson, will continue to support the company if necessary.

The Director is not concerned over the solvency position of the company as this is due to the irregular nature of the income to the business with the following year already showing a significant increase in turnover owing to a number of large invoices raised and subsequently paid in the early part of the year coupled with strong trading figures during the year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OAKRIDGE PARTNERSHIP LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakridge Partnership Ltd for the year ended 31 August 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Oakridge Partnership Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakridge Partnership Ltd and state those matters that we have agreed to state to the director of Oakridge Partnership Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakridge Partnership Ltd and its director for our work or for this report.

It is your duty to ensure that Oakridge Partnership Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakridge Partnership Ltd. You consider that Oakridge Partnership Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakridge Partnership Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


29 August 2024