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Brian Oakley Ltd
Registered Number:01849763
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Brian Oakley Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
01849763
As at 31 March 2024
Brian Oakley Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
164
327
2
3
7,725,000
7,500,000
Investment property
Financial assets
148,115
181,934
4
7,907,098
7,648,442
Current assets
Trade and other receivables
1,752,124
1,572,883
5
980,824
Cash and cash equivalents
569,034
2,141,917
2,732,948
Trade and other payables: amounts falling due within one
year
(444,651)
(398,763)
6
2,288,297
1,743,154
Net current assets
Total assets less current liabilities
9,650,252
9,936,739
Trade and other payables: amounts falling due after more
than one year
(940,320)
(867,609)
7
8,782,643
Net assets
8,996,419
Capital and reserves
Called up share capital
90,280
90,280
Fair value reserve
5,612,665
5,680,166
Retained earnings
3,079,698
3,225,973
8,782,643
8,996,419
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
01849763
For the year ended 31 March 2024
Brian Oakley Ltd
Statement of Financial Position Continued
Andrew Oakley Director
These financial statements were approved and authorised for issue by the Board on 25 June 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Brian Oakley Ltd
Notes to the Financial Statements
Statutory Information
Brian Oakley Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
01849763.
Registered address:
3 Preston Parade
Whitstable
CT5 4AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
33% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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6
For the year ended 31 March 2024
Brian Oakley Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 April 2023
653
At 31 March 2024
653
Provision for depreciation and impairment
At 01 April 2023
326
Charge for year
163
At 31 March 2024
489
At 31 March 2024
Net book value
164
At 31 March 2023
327
3. Investment property
Total
£
Fair value
At 01 April 2023
7,500,000
Fair value adjustments
225,000
At 31 March 2024
7,725,000
Net book value
At 31 March 2024
7,725,000
At 31 March 2023
7,500,000
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
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7
For the year ended 31 March 2024
Brian Oakley Ltd
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
At 01 April 2023
148,115
148,115
Cost
£
£
33,819
33,819
Additions
At 31 March 2024
181,934
181,934
At 31 March 2024
Net book value
181,934
181,934
At 01 April 2023
148,115
148,115
5. Trade and other receivables
2023
2024
£
£
Trade debtors
157,945
193,055
Amounts owed by group undertakings and participating interests
1,165,568
1,045,817
Other debtors
249,370
513,252
1,752,124
1,572,883
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
174,128
72,377
Other debtors
249,370
213,925
423,498
286,302
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
45,284
48,000
Trade creditors
76,650
76,035
Taxation and social security
160,118
169,940
Other creditors
116,711
150,676
398,763
444,651
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8
For the year ended 31 March 2024
Brian Oakley Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
867,609
940,320
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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