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REGISTERED NUMBER: 04968802 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29th February 2024

for

THE OAKLAND PARTNERSHIP LIMITED

THE OAKLAND PARTNERSHIP LIMITED (REGISTERED NUMBER: 04968802)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE OAKLAND PARTNERSHIP LIMITED

Company Information
for the year ended 29th February 2024







DIRECTORS: Mrs D C Lawlor
T R White





SECRETARY: Mrs B P Lawlor





REGISTERED OFFICE: 23 Oldfield Gardens
Ashstead
Surrey
KT21 2NA





REGISTERED NUMBER: 04968802 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

THE OAKLAND PARTNERSHIP LIMITED (REGISTERED NUMBER: 04968802)

Statement of Financial Position
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,036 725

CURRENT ASSETS
Debtors 5 955 8,637
Cash at bank and in hand 30,948 12,015
31,903 20,652
CREDITORS
Amounts falling due within one year 6 14,342 11,943
NET CURRENT ASSETS 17,561 8,709
TOTAL ASSETS LESS CURRENT LIABILITIES 18,597 9,434

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,497 9,334
SHAREHOLDERS' FUNDS 18,597 9,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14th May 2024 and were signed on its behalf by:




T R White - Director


THE OAKLAND PARTNERSHIP LIMITED (REGISTERED NUMBER: 04968802)

Notes to the Financial Statements
for the year ended 29th February 2024

1. STATUTORY INFORMATION

The Oakland Partnership Limited 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.

Business has been stable over the last year and the outlook for the future is very positive. The company holds significant cash reserves. The directors monitor cash flow on a regular basis and are confident that the business has sufficient resources for the foreseeable future. As a result, the going concern basis of accounting has been adopted.

Turnover
Turnover represents fees for placing candidates with clients during the period, whether invoiced or to be invoiced, as well as charges made for providing temporary staff.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE OAKLAND PARTNERSHIP LIMITED (REGISTERED NUMBER: 04968802)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2023 - 4,002 4,002
Additions 635 - 635
At 29th February 2024 635 4,002 4,637
DEPRECIATION
At 1st March 2023 - 3,277 3,277
Charge for year 159 165 324
At 29th February 2024 159 3,442 3,601
NET BOOK VALUE
At 29th February 2024 476 560 1,036
At 28th February 2023 - 725 725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors - 3,844
Tax - 4,661
VAT 955 -
Prepayments and accrued income - 132
955 8,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 1,640 -
VAT - 843
Directors' current accounts 8,731 6,231
Sundry creditors and accruals 3,971 4,869
14,342 11,943

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr T White who holds 85% of the share capital.