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Company Registration No. 11574944 (England and Wales)
OAKE ENTERTAINMENT LTD Unaudited accounts for the year ended 31 December 2023
OAKE ENTERTAINMENT LTD Unaudited accounts Contents
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OAKE ENTERTAINMENT LTD Company Information for the year ended 31 December 2023
Directors
Aaron Edwards Kwame Otiende
Company Number
11574944 (England and Wales)
Registered Office
440 KINGSLAND ROAD LONDON E8 4AA ENGLAND
Accountants
Multiplus Tax Solutions Ltd Suite 1 Chantal House 13-17 High Beech Road Loughton Essex IG10 4BN
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OAKE ENTERTAINMENT LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,772 
22,083 
Current assets
Inventories
5,000 
5,000 
Debtors
37,946 
38,003 
Cash at bank and in hand
57,560 
67,937 
100,506 
110,940 
Creditors: amounts falling due within one year
(100,912)
(29,764)
Net current (liabilities)/assets
(406)
81,176 
Total assets less current liabilities
20,366 
103,259 
Creditors: amounts falling due after more than one year
(15,403)
(21,292)
Net assets
4,963 
81,967 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,863 
81,867 
Shareholders' funds
4,963 
81,967 
For the year ending 31 December 2023 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 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 of Directors and authorised for issue on 21 September 2024 and were signed on its behalf by
Kwame Otiende Director Company Registration No. 11574944
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OAKE ENTERTAINMENT LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
OAKE ENTERTAINMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11574944. The registered office is 440 KINGSLAND ROAD, LONDON, E8 4AA, 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
Going concern
The financial statements have been prepared on a going concern basis with continued support from the director.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance method
Computer equipment
15% reducing balance method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
4,850 
27,783 
32,633 
Additions
- 
2,354 
2,354 
At 31 December 2023
4,850 
30,137 
34,987 
Depreciation
At 1 January 2023
1,846 
8,704 
10,550 
Charge for the year
450 
3,215 
3,665 
At 31 December 2023
2,296 
11,919 
14,215 
Net book value
At 31 December 2023
2,554 
18,218 
20,772 
At 31 December 2022
3,004 
19,079 
22,083 
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OAKE ENTERTAINMENT LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
33,717 
33,717 
Other debtors
4,229 
4,286 
37,946 
38,003 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,405 
6,347 
VAT
51,884 
16,704 
Trade creditors
1,075 
1,075 
Taxes and social security
9,124 
5,129 
Other creditors
3,664 
(251)
Loans from directors
(1,240)
760 
Accruals
25,000 
- 
100,912 
29,764 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,403 
21,292 
8
Transactions with related parties
Consultancy fees amounting to £25,000 (2022: £50,000) were charged by Market Promotions (LDN) Limited, a company controlled by Mr. Aaron Edwards, who is both a director and shareholder of the company.
9
Average number of employees
During the year the average number of employees was 6 (2022: 4).
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