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REGISTERED NUMBER: 05774221 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

OAKLEAFE PROPERTY SERVICES LTD

OAKLEAFE PROPERTY SERVICES LTD (REGISTERED NUMBER: 05774221)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OAKLEAFE PROPERTY SERVICES LTD

Company Information
for the year ended 31 December 2023







Director: Mr L Goodwin





Secretary: Mr C Shelley





Registered office: Oakleafe House
7-9 Balgores Lane
Gidea Park
Essex
RM2 5JS





Registered number: 05774221 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

OAKLEAFE PROPERTY SERVICES LTD (REGISTERED NUMBER: 05774221)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 38,574 46,360

Current assets
Debtors 5 1,640,959 1,089,644

Creditors
Amounts falling due within one year 6 1,659,117 1,125,108
Net current liabilities (18,158 ) (35,464 )
Total assets less current liabilities 20,416 10,896

Provisions for liabilities 8 603 603
Net assets 19,813 10,293

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 18,813 9,293
Shareholders' funds 19,813 10,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Mr L Goodwin - Director


OAKLEAFE PROPERTY SERVICES LTD (REGISTERED NUMBER: 05774221)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Oakleafe Property Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


OAKLEAFE PROPERTY SERVICES LTD (REGISTERED NUMBER: 05774221)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 January 2023 129,688 42,033 153,640 325,361
Additions - 3,850 - 3,850
At 31 December 2023 129,688 45,883 153,640 329,211
Depreciation
At 1 January 2023 121,514 38,958 118,529 279,001
Charge for year 2,043 815 8,778 11,636
At 31 December 2023 123,557 39,773 127,307 290,637
Net book value
At 31 December 2023 6,131 6,110 26,333 38,574
At 31 December 2022 8,174 3,075 35,111 46,360

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 628,410 303,417
Other debtors 1,012,549 786,227
1,640,959 1,089,644

OAKLEAFE PROPERTY SERVICES LTD (REGISTERED NUMBER: 05774221)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 74,200 73,031
Trade creditors 5,678 18,233
Taxation and social security 85,603 9,482
Other creditors 1,493,636 1,024,362
1,659,117 1,125,108

7. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 74,200 73,031

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 603 603

Deferred
tax
£   
Balance at 1 January 2023 603
Balance at 31 December 2023 603

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr L Goodwin
Balance outstanding at start of year 27,448 -
Amounts repaid (2,112 ) 27,448
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,336 27,448

OAKLEAFE PROPERTY SERVICES LTD (REGISTERED NUMBER: 05774221)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


11. Related party disclosures

Included within other debtors due within one year is an amount of £85,989 (2022 - £27,493) due from a connected party of the directors..

Included within other creditors due within one year is an amount of £1,015,683 (2022 - £577,961) due to Oakleafe Group Ltd a company in which the director has a material interest.

Included within other debtors due within one year is an amount of £575,097 (2022 - £356,004 ) due from Oakleafe Claims Ltd a company in which the director has a material interest.

Included within other debtors due within one year is an amount of £353,090 (2022 - £354,506) due from Oakleafe Claims (Scotland) Ltd a company in which the director has a material interest.

Included within other creditors due within one year is an amount of £18,500 (2022 - £18,500) due from Oakleafe Claims (Wales) Ltd a company in which the director has a material interest.

Included within other creditors due within one year is an amount of £321,624 (2022 - £321,624) due to Oakleafe Services Ltd a company in which the director has a material interest.

Included within other creditors due within one year is an amount of £10,000 (2022 - £10,000) due to Neville Munro Associates Ltd, a company incorporated within the UK, in which the directors have a material interest.