Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10452752 Mrs Kim Fabian Mr Paul Fabian true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10452752 2023-03-31 10452752 2024-03-31 10452752 2023-04-01 2024-03-31 10452752 frs-core:CurrentFinancialInstruments 2024-03-31 10452752 frs-core:Non-currentFinancialInstruments 2024-03-31 10452752 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 10452752 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 10452752 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 10452752 frs-core:RevaluationReserve 2023-04-01 2024-03-31 10452752 frs-core:RevaluationReserve 2023-03-31 10452752 frs-core:RevaluationReserve 2024-03-31 10452752 frs-core:SharePremium 2024-03-31 10452752 frs-core:ShareCapital 2024-03-31 10452752 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10452752 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10452752 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10452752 frs-bus:SmallEntities 2023-04-01 2024-03-31 10452752 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10452752 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10452752 1 2023-04-01 2024-03-31 10452752 frs-bus:Director1 2023-04-01 2024-03-31 10452752 frs-bus:Director2 2023-04-01 2024-03-31 10452752 frs-core:CurrentFinancialInstruments 1 2024-03-31 10452752 frs-core:Non-currentFinancialInstruments 1 2024-03-31 10452752 frs-countries:EnglandWales 2023-04-01 2024-03-31 10452752 2022-03-31 10452752 2023-03-31 10452752 2022-04-01 2023-03-31 10452752 frs-core:CurrentFinancialInstruments 2023-03-31 10452752 frs-core:Non-currentFinancialInstruments 2023-03-31 10452752 frs-core:RevaluationReserve 2023-03-31 10452752 frs-core:SharePremium 2023-03-31 10452752 frs-core:ShareCapital 2023-03-31 10452752 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10452752 frs-core:CurrentFinancialInstruments 1 2023-03-31 10452752 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 10452752
Ekl Oasis Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10452752
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,111,000 3,272,000
3,111,000 3,272,000
CURRENT ASSETS
Stocks 5 - 227,323
Debtors 6 362,692 155,445
Cash at bank and in hand 8,225 3,146
370,917 385,914
Creditors: Amounts Falling Due Within One Year 7 (148,777 ) (220,983 )
NET CURRENT ASSETS (LIABILITIES) 222,140 164,931
TOTAL ASSETS LESS CURRENT LIABILITIES 3,333,140 3,436,931
Creditors: Amounts Falling Due After More Than One Year 8 (1,517,062 ) (1,665,017 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (155,666 ) (145,356 )
NET ASSETS 1,660,412 1,626,558
CAPITAL AND RESERVES
Called up share capital 9 1,001 1,001
Share premium account 1,023,524 1,023,524
Revaluation reserve 10 557,636 576,326
Profit and Loss Account 78,251 25,707
SHAREHOLDERS' FUNDS 1,660,412 1,626,558
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs Kim Fabian
Director
21/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ekl Oasis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10452752 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
2. Accounting Policies
2.1. 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.
2.2. Turnover
Turnover is recognised as rental income received.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 years 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 3,272,000
Disposals (265,000 )
Revaluation 104,000
As at 31 March 2024 3,111,000
Net Book Value
As at 31 March 2024 3,111,000
As at 1 April 2023 3,272,000
5. Stocks
2024 2023
£ £
Work in progress - 227,323
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,841 1,291
Due after more than one year
Amounts owed by group undertakings 360,851 154,154
362,692 155,445
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,737 29,604
Bank loans and overdrafts 4,160 4,160
Other creditors 2,466 1,486
Bridging loan 140,274 185,733
Directors' loan accounts 140 -
148,777 220,983
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,493 25,653
Mortgages 1,495,569 1,639,364
1,517,062 1,665,017
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,001 1,001
10. Reserves
Revaluation Reserve
£
As at 1 April 2023 576,326
Surplus on revaluation (18,690 )
As at 31 March 2024 557,636
11. Related Party Transactions
Related party transactions include (to)/from: 
£360,851 (2023 £154,154) owed from Fabian Holdings Limited, the parent company of EKL Oasis Limited.
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Fabian Holdings Limited . Fabian Holdings Limited was incorporated in England.
Page 5