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REGISTERED NUMBER: 05127854 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OAKTREE BUSINESS SPACE LTD

OAKTREE BUSINESS SPACE LTD (REGISTERED NUMBER: 05127854)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKTREE BUSINESS SPACE LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Mr N Ragan





REGISTERED OFFICE: Unit 5a
Allenbrooks Way
Station Road
Wymondham
Norfolk
NR18 0NW





REGISTERED NUMBER: 05127854 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

OAKTREE BUSINESS SPACE LTD (REGISTERED NUMBER: 05127854)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,717,241 1,726,251

CURRENT ASSETS
Debtors 5 57,112 41,778
Cash at bank 222,442 21,167
279,554 62,945
CREDITORS
Amounts falling due within one year 6 128,618 100,685
NET CURRENT ASSETS/(LIABILITIES) 150,936 (37,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,868,177

1,688,511

CREDITORS
Amounts falling due after more than one
year

7

696,351

521,408
NET ASSETS 1,171,826 1,167,103

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 1,170,326 1,165,603
SHAREHOLDERS' FUNDS 1,171,826 1,167,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

OAKTREE BUSINESS SPACE LTD (REGISTERED NUMBER: 05127854)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





Mr N Ragan - Director


OAKTREE BUSINESS SPACE LTD (REGISTERED NUMBER: 05127854)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Oaktree Business Space 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.

Turnover
Turnover is represented by rent and service charges, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- is not depreciated
Leasehold property- over the term of the lease
Plant and machinery etc- 20% on reducing balance
- 5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2023 - NIL).

OAKTREE BUSINESS SPACE LTD (REGISTERED NUMBER: 05127854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,526,179 352,693 39,828 1,918,700
DEPRECIATION
At 1 April 2023 - 153,583 38,866 192,449
Charge for year - 8,818 192 9,010
At 31 March 2024 - 162,401 39,058 201,459
NET BOOK VALUE
At 31 March 2024 1,526,179 190,292 770 1,717,241
At 31 March 2023 1,526,179 199,110 962 1,726,251

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,404 37,677
Other debtors 8,181 -
Prepayments and accrued income 5,527 4,101
57,112 41,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 50,920 9,800
Trade creditors 3,442 1,430
Deposits 21,305 20,955
Tax 3,500 29,900
VAT 13,649 6,012
Accruals and deferred income 35,802 32,588
128,618 100,685

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 696,351 20,500
Other creditors - 500,908
696,351 521,408

OAKTREE BUSINESS SPACE LTD (REGISTERED NUMBER: 05127854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,920 9,800

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,920 9,800

Amounts falling due between two and five years:
Bank loans - 2-5 years 645,431 10,700

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 747,271 -

The bank loan is secured on a freehold property by a fixed charge.