Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312truetrueThe principal activity of this company continued to be that of property development.2023-02-01false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07498131 2023-02-01 2024-01-31 07498131 2022-02-01 2023-01-31 07498131 2024-01-31 07498131 2023-01-31 07498131 c:Director1 2023-02-01 2024-01-31 07498131 d:CurrentFinancialInstruments 2024-01-31 07498131 d:CurrentFinancialInstruments 2023-01-31 07498131 d:Non-currentFinancialInstruments 2024-01-31 07498131 d:Non-currentFinancialInstruments 2023-01-31 07498131 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07498131 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07498131 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07498131 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07498131 d:ShareCapital 2024-01-31 07498131 d:ShareCapital 2023-01-31 07498131 d:RetainedEarningsAccumulatedLosses 2024-01-31 07498131 d:RetainedEarningsAccumulatedLosses 2023-01-31 07498131 c:FRS102 2023-02-01 2024-01-31 07498131 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07498131 c:FullAccounts 2023-02-01 2024-01-31 07498131 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07498131 6 2023-02-01 2024-01-31 07498131 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07498131










OAKHURST REAL ESTATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
OAKHURST REAL ESTATE LIMITED
REGISTERED NUMBER: 07498131

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
8,669
852

Cash at bank and in hand
  
607
232

  
9,276
1,084

Creditors: amounts falling due within one year
 6 
(1,304,527)
(895,759)

Net current liabilities
  
 
 
(1,295,251)
 
 
(894,675)

Total assets less current liabilities
  
(1,295,250)
(894,674)

Creditors: amounts falling due after more than one year
 7 
-
(289,299)

  

Net liabilities
  
(1,295,250)
(1,183,973)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(1,295,252)
(1,183,975)

  
(1,295,250)
(1,183,973)


Page 1

 
OAKHURST REAL ESTATE LIMITED
REGISTERED NUMBER: 07498131
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr Paul Heitman
Director

Date: 28 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OAKHURST REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Oakhurst Real Estate Limited (07498131)  is a private company limited by shares and incorporated in England and Wales. The regsitered office is 14th Floor 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company and its subsidiary form a small group. The company is therefore not required to rpoduce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis as the company's directors have confirmed they will provide funds for the company to meet its liabilities as they fall due.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

Page 3

 
OAKHURST REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 4

 
OAKHURST REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 February 2023
1



At 31 January 2024
1





5.


Debtors

2024
2023
£
£


Other debtors
8,669
852


Page 5

 
OAKHURST REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,859
59

Other creditors
1,297,764
893,795

Accruals and deferred income
1,904
1,905

1,304,527
895,759



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
289,299


 
Page 6