IRIS Accounts Production v24.2.0.383 OC345590 designated member 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3455902023-03-31OC3455902024-03-31OC3455902023-04-012024-03-31OC3455902022-03-31OC3455902022-04-012023-03-31OC3455902023-03-31OC345590ns15:EnglandWales2023-04-012024-03-31OC345590ns14:PoundSterling2023-04-012024-03-31OC345590ns10:PartnerLLP12023-04-012024-03-31OC345590ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC345590ns10:SmallEntities2023-04-012024-03-31OC345590ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC345590ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC345590ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC345590ns10:FullAccounts2023-04-012024-03-31OC345590ns10:PartnerLLP22023-04-012024-03-31OC345590ns10:RegisteredOffice2023-04-012024-03-31OC345590ns5:CurrentFinancialInstruments2024-03-31OC345590ns5:CurrentFinancialInstruments2023-03-31OC345590ns5:Non-currentFinancialInstruments2024-03-31OC345590ns5:Non-currentFinancialInstruments2023-03-31OC345590ns5:PlantMachinery2023-04-012024-03-31OC345590ns5:PlantMachinery2023-03-31OC345590ns5:PlantMachinery2024-03-31OC345590ns5:CostValuation2023-03-31OC345590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC345590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: OC345590 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OAK FRAMES DIRECT LLP

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAK FRAMES DIRECT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: D Hook
Rexblue Limited





REGISTERED OFFICE: Coldharbour Farm
Battle Road
Heathfield
East Sussex
TN21 9LQ





REGISTERED NUMBER: OC345590 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,530,000 1,530,000
1,530,000 1,530,000

CURRENT ASSETS
Debtors 6 112,892 83,393
Cash at bank and in hand 24,028 28,139
136,920 111,532
CREDITORS
Amounts falling due within one year 7 (713,328 ) (700,537 )
NET CURRENT LIABILITIES (576,408 ) (589,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

953,592

940,995

CREDITORS
Amounts falling due after more than one
year

8

(12,231

)

(22,435

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

941,361

918,560

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

263,413

240,612

MEMBERS' OTHER INTERESTS
Capital accounts 677,948 677,948
941,361 918,560

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 263,413 240,612
Members' other interests 677,948 677,948
Amounts due from members 6 (27,967 ) (8,799 )
913,394 909,761

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 December 2024 and were signed by:





D Hook - Designated member

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

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

1. STATUTORY INFORMATION

Oak Frames Direct LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 etc - 33% on cost

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 795
DEPRECIATION
At 1 April 2023
and 31 March 2024 795
NET BOOK VALUE
At 31 March 2024 -

OAK FRAMES DIRECT LLP (REGISTERED NUMBER: OC345590)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1,530,000
NET BOOK VALUE
At 31 March 2024 1,530,000
At 31 March 2023 1,530,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,524 2,544
Amounts owed by group undertakings 74,401 72,050
Other debtors 27,967 8,799
112,892 83,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 9,952
Trade creditors 13,707 11,214
Amounts owed to group undertakings 599,493 493,319
Taxation and social security 5,792 36,838
Other creditors 84,132 149,214
713,328 700,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,231 22,435

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts shown as due as loans and other debts due to members rank pari pasu in relation to other creditors in the event of winding up.