Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity43truefalse 07217038 2023-05-01 2024-04-30 07217038 2022-05-01 2023-04-30 07217038 2024-04-30 07217038 2023-04-30 07217038 c:Director1 2023-05-01 2024-04-30 07217038 d:MotorVehicles 2023-05-01 2024-04-30 07217038 d:MotorVehicles 2024-04-30 07217038 d:MotorVehicles 2023-04-30 07217038 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07217038 d:FurnitureFittings 2023-05-01 2024-04-30 07217038 d:FurnitureFittings 2024-04-30 07217038 d:FurnitureFittings 2023-04-30 07217038 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07217038 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 07217038 d:OtherPropertyPlantEquipment 2024-04-30 07217038 d:OtherPropertyPlantEquipment 2023-04-30 07217038 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07217038 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07217038 d:Goodwill 2024-04-30 07217038 d:Goodwill 2023-04-30 07217038 d:CurrentFinancialInstruments 2024-04-30 07217038 d:CurrentFinancialInstruments 2023-04-30 07217038 d:Non-currentFinancialInstruments 2024-04-30 07217038 d:Non-currentFinancialInstruments 2023-04-30 07217038 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07217038 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07217038 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07217038 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07217038 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 07217038 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07217038 d:ShareCapital 2024-04-30 07217038 d:ShareCapital 2023-04-30 07217038 d:RetainedEarningsAccumulatedLosses 2024-04-30 07217038 d:RetainedEarningsAccumulatedLosses 2023-04-30 07217038 c:FRS102 2023-05-01 2024-04-30 07217038 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07217038 c:FullAccounts 2023-05-01 2024-04-30 07217038 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07217038 2 2023-05-01 2024-04-30 07217038 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07217038 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07217038 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 07217038










OAKLEIGH LETTING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
OAKLEIGH LETTING LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OAKLEIGH LETTING LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakleigh Letting Limited for the year ended 30 April 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Oakleigh Letting Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Oakleigh Letting Limited and state those matters that we have agreed to state to the Board of directors of Oakleigh Letting Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakleigh Letting Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Oakleigh Letting 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 Oakleigh Letting Limited. You consider that Oakleigh Letting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Oakleigh Letting 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.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff on Sea
Essex
SS0 9PE
22 January 2025
Page 1

 
OAKLEIGH LETTING LIMITED
REGISTERED NUMBER: 07217038

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
19,942
26,799

  
19,942
26,799

Current assets
  

Debtors: amounts falling due within one year
 6 
1,530
1,830

Cash at bank and in hand
 7 
36,392
45,215

  
37,922
47,045

Creditors: amounts falling due within one year
 8 
(20,404)
(19,540)

Net current assets
  
 
 
17,518
 
 
27,505

Total assets less current liabilities
  
37,460
54,304

Creditors: amounts falling due after more than one year
 9 
(8,700)
(13,689)

Provisions for liabilities
  

Deferred tax
 11 
(4,014)
(5,092)

  
 
 
(4,014)
 
 
(5,092)

Net assets
  
24,746
35,523


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
24,744
35,521

  
24,746
35,523


Page 2

 
OAKLEIGH LETTING LIMITED
REGISTERED NUMBER: 07217038

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 statement of income and retained earnings 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 on 22 January 2025.




K. Allen
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Oakleigh Letting Limited is a company limited by shares and was incorporated in Wales.
The registered office is:-
Kingsridge House,
601 London Road,
Westcliff-on-Sea,
Essex,
SS0 9PE.
The regsitered number is 07217038.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Motor vehicles
-
Fixtures, fittings and equipment
-
25% reducing balance
Website
-
Straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

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.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

2024
2023
£
£

Wages and salaries
52,541
42,712

52,541
42,712


The average monthly number of employees, including directors, during the year was 4 (2023 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
72,500



At 30 April 2024

72,500



Amortisation


At 1 May 2023
72,500



At 30 April 2024

72,500



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 7

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures, fittings and equipment
Website
Total

£
£
£
£



Cost or valuation


At 1 May 2023
36,915
12,299
3,886
53,100



At 30 April 2024

36,915
12,299
3,886
53,100



Depreciation


At 1 May 2023
13,856
8,559
3,886
26,301


Charge for the year on owned assets
6,090
767
-
6,857



At 30 April 2024

19,946
9,326
3,886
33,158



Net book value



At 30 April 2024
16,969
2,973
-
19,942



At 30 April 2023
23,059
3,740
-
26,799


6.


Debtors

2024
2023
£
£


Other debtors
-
106

Prepayments and accrued income
1,530
1,724

1,530
1,830



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,392
45,215

36,392
45,215


Page 8

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,990
4,990

Trade creditors
1,224
1,188

Corporation tax
9,266
7,189

Other taxation and social security
4,911
4,616

Other creditors
13
1,557

20,404
19,540



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,700
13,689

8,700
13,689



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,990
4,990


4,990
4,990

Amounts falling due 1-2 years

Bank loans
8,700
13,689


8,700
13,689



13,690
18,679



11.


Deferred taxation

Page 9

 
OAKLEIGH LETTING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
11.Deferred taxation (continued)




2024


£






At beginning of year
5,092


Charged to profit or loss
(1,078)



At end of year
4,014

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,014
5,092

4,014
5,092


12.


Related party transactions

During the year dividends of £44,500 (2023 £26,000) were paid to K. Allen and J. Perrin.


13.


Controlling party

The ultimate controlling parties are K. Allen and J. Perrin.


Page 10