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
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
OAKE ENTERTAINMENT LTD
Statement of financial position
as at 31 December 2023
Tangible assets
20,772
22,083
Cash at bank and in hand
57,560
67,937
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)
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
OAKE ENTERTAINMENT LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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.
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
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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
At 31 December 2023
4,850
30,137
34,987
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
At 31 December 2023
2,554
18,218
20,772
At 31 December 2022
3,004
19,079
22,083
OAKE ENTERTAINMENT LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
33,717
33,717
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,405
6,347
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
7
Creditors: amounts falling due after more than one year
2023
2022
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.
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Average number of employees
During the year the average number of employees was 6 (2022: 4).