Company Registration No. 13446176 (England and Wales)
OOAK PROPERTY LIMITED
Unaudited accounts
for the year ended 31 March 2024
OOAK PROPERTY LIMITED
Unaudited accounts
Contents
OOAK PROPERTY LIMITED
Company Information
for the year ended 31 March 2024
Company Number
13446176 (England and Wales)
Registered Office
8A HARPES ROAD
OXFORD
OX2 7QL
ENGLAND
Accountants
Lams Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
OOAK PROPERTY LIMITED
Statement of financial position
as at 31 March 2024
Investment property
204,610
204,610
Cash at bank and in hand
1,004
130
Creditors: amounts falling due within one year
(267,279)
(270,515)
Net current liabilities
(201,295)
(204,726)
Net assets/(liabilities)
3,315
(116)
Called up share capital
100
100
Profit and loss account
3,215
(216)
Shareholders' funds
3,315
(116)
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2024 and were signed on its behalf by
Ka Kwan CHENG
Director
Company Registration No. 13446176
OOAK PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
OOAK PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13446176. The registered office is 8A HARPES ROAD, OXFORD, OX2 7QL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value only if the survey has been done. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2023
204,610
Amounts falling due within one year
Accrued income and prepayments
-
836
Other debtors
63,898
63,898
OOAK PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
754
-
Loans from directors
265,369
269,518
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).