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REGISTERED NUMBER: 06666209 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FOUR OAKS PATENTS LTD

FOUR OAKS PATENTS LTD (REGISTERED NUMBER: 06666209)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FOUR OAKS PATENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Dr K R Tart





REGISTERED OFFICE: 162 Walsall Road
Four Oaks
Sutton Coldfield
West Midlands
B74 4RD





REGISTERED NUMBER: 06666209 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

FOUR OAKS PATENTS LTD (REGISTERED NUMBER: 06666209)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 - 1,375

Current assets
Debtors 6 1,332 1,992
Cash at bank 15,934 4,343
17,266 6,335
Creditors
Amounts falling due within one year 7 3,857 2,735
Net current assets 13,409 3,600
Total assets less current liabilities 13,409 4,975

Provisions for liabilities - 261
Net assets 13,409 4,714

Capital and reserves
Called up share capital 8 100 100
Retained earnings 13,309 4,614
Shareholders' funds 13,409 4,714

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

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

FOUR OAKS PATENTS LTD (REGISTERED NUMBER: 06666209)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 28 October 2024 and were signed by:





Dr K R Tart - Director


FOUR OAKS PATENTS LTD (REGISTERED NUMBER: 06666209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Four Oaks Patents 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company ceased trading on 31 August 2024 and as a result of the cessation of trade, the accounts have been prepared on a break up basis.

Turnover
Turnover represents the total amount receivable for services provided, 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.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FOUR OAKS PATENTS LTD (REGISTERED NUMBER: 06666209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 8,960
Disposals (8,960 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 7,585
Eliminated on disposal (7,585 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1,375

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 860 905
Other debtors 472 1,087
1,332 1,992

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,536 88
Other creditors 1,321 2,647
3,857 2,735

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

FOUR OAKS PATENTS LTD (REGISTERED NUMBER: 06666209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Dr K R Tart
Balance outstanding at start of year - -
Amounts advanced 472 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 472 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £6,000) were paid to the director .

At the year end, the director owed the company £472 (2023: the company owed the director £1,503). This loan is interest free and repayable on demand.