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Registered number: 12283807
Oaklands Group Holdings Ltd
Financial Statements
For The Year Ended 31 May 2024
SFB Group Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12283807
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,070,287 2,070,287
2,070,287 2,070,287
CURRENT ASSETS
Debtors 5 960,037 766,407
Cash at bank and in hand 150 3,972
960,187 770,379
Creditors: Amounts Falling Due Within One Year 6 (2,826,993 ) (2,636,645 )
NET CURRENT ASSETS (LIABILITIES) (1,866,806 ) (1,866,266 )
TOTAL ASSETS LESS CURRENT LIABILITIES 203,481 204,021
NET ASSETS 203,481 204,021
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 202,481 203,021
SHAREHOLDERS' FUNDS 203,481 204,021
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K J Tudor
Director
17/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oaklands Group Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12283807 . The registered office is Unit 64, Station Road, Coleshill, Birmingham, West Midlands, B46 1HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.
2.3. Investments
Investments in subsidiary undertakings are recognised at cost.
2.4. Exemption from Preparing Consolidated Financial Statements
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group. Oaklands Group Holdings Ltd and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, T3i Holdings Ltd, Unit 64 Station Road, Coleshill, Birmingham, England, B46 1HT who is registered in the United Kingdom which can be found on Companies House.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Subsidiaries
£
Cost
As at 1 June 2023 2,070,287
As at 31 May 2024 2,070,287
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 2,070,287
As at 1 June 2023 2,070,287
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 960,037 766,407
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 2,826,993 2,636,645
7. Secured Creditors
The company has provided a joint guarantee to secure loan & factoring facilities to group undertakings, which creates a fixed and floating charge over the assets of the company. The amounts outstanding under these facilities as at 31 May 2024 were £2,192,449 (2023: £3,636,720).
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
The company has taken advantage of the exemption under FRS 102 33.1A of the requirement to disclose transactions between it and other wholly owened subsidiaries of T3i Holdings Ltd.
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
11. Ultimate Controlling Party
On 31 May 2024, the immediate and ultimate parent company of Oaklands Group Holdings Limited was T3i Holdings Ltd.
12. Audit Information
The auditor's report on the accounts of Oaklands Group Holdings Ltd for the year ended 31 May 2024 was unqualified.
The auditor's report was signed by Mr Paul Carvell BFP FCA (Senior Statutory Auditor) for and on behalf of SFB Group Limited , Statutory Auditor.
SFB Group Limited
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
Page 3