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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
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OOAK PROPERTY LIMITED Company Information for the year ended 31 March 2024
Director
Ka Kwan CHENG
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
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OOAK PROPERTY LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
204,610 
204,610 
Current assets
Debtors
64,980 
65,659 
Cash at bank and in hand
1,004 
130 
65,984 
65,789 
Creditors: amounts falling due within one year
(267,279)
(270,515)
Net current liabilities
(201,295)
(204,726)
Net assets/(liabilities)
3,315 
(116)
Capital and reserves
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
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OOAK PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
204,610 
At 31 March 2024
204,610 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,082 
925 
Accrued income and prepayments
- 
836 
Other debtors
63,898 
63,898 
64,980 
65,659 
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OOAK PROPERTY LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,081 
925 
Taxes and social security
754 
- 
Loans from directors
265,369 
269,518 
Accruals
75 
72 
267,279 
270,515 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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