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REGISTERED NUMBER: 10678014 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

OAKRAPID HOLDINGS LIMITED

OAKRAPID HOLDINGS LIMITED (REGISTERED NUMBER: 10678014)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

OAKRAPID HOLDINGS LIMITED

Company Information
for the year ended 30 November 2023







Directors: G P York
Mrs S York





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10678014 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

OAKRAPID HOLDINGS LIMITED (REGISTERED NUMBER: 10678014)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 380,965 384,975
Investments 5 76,000 76,000
456,965 460,975

Current assets
Debtors 6 332,951 79,351
Net current assets 332,951 79,351
Total assets less current liabilities 789,916 540,326

Capital and reserves
Called up share capital 7 76,000 76,000
Retained earnings 713,916 464,326
Shareholders' funds 789,916 540,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





G P York - Director


OAKRAPID HOLDINGS LIMITED (REGISTERED NUMBER: 10678014)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Oakrapid Holdings 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


OAKRAPID HOLDINGS LIMITED (REGISTERED NUMBER: 10678014)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2022 - NIL).

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 December 2022
and 30 November 2023 401,015
Depreciation
At 1 December 2022 16,040
Charge for year 4,010
At 30 November 2023 20,050
Net book value
At 30 November 2023 380,965
At 30 November 2022 384,975

Included in cost of land and buildings is freehold land of £ 200,507 (2022 - £ 200,507 ) which is not depreciated.

OAKRAPID HOLDINGS LIMITED (REGISTERED NUMBER: 10678014)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 December 2022
and 30 November 2023 76,000
Net book value
At 30 November 2023 76,000
At 30 November 2022 76,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 79,351 79,351
Other debtors 253,600 -
332,951 79,351

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
76,000 Ordinary 1 76,000 76,000

8. Directors' advances, credits and guarantees

At 30 November 2023 the shareholders owed the Company £253,600 (2022 nil)..

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oakrapid Holdings Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakrapid Holdings Limited for the year ended 30 November 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oakrapid Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakrapid Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Oakrapid Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakrapid Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oakrapid Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakrapid Holdings Limited. You consider that Oakrapid Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakrapid Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


30 August 2024