Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 17 February 2025 1 June 2023 31 May 2024 31 May 2024 10144524 Mr K J Tudor S S Jagdev true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10144524 2023-05-31 10144524 2024-05-31 10144524 2023-06-01 2024-05-31 10144524 frs-core:CurrentFinancialInstruments 2024-05-31 10144524 frs-core:ShareCapital 2024-05-31 10144524 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10144524 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10144524 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10144524 frs-bus:SmallEntities 2023-06-01 2024-05-31 10144524 frs-bus:Audited 2023-06-01 2024-05-31 10144524 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10144524 1 2023-06-01 2024-05-31 10144524 frs-core:CostValuation 2023-05-31 10144524 frs-core:CostValuation 2024-05-31 10144524 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 10144524 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 10144524 frs-bus:Director1 2023-06-01 2024-05-31 10144524 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10144524 frs-countries:EnglandWales 2023-06-01 2024-05-31 10144524 2022-05-31 10144524 2023-05-31 10144524 2022-06-01 2023-05-31 10144524 frs-core:CurrentFinancialInstruments 2023-05-31 10144524 frs-core:ShareCapital 2023-05-31 10144524 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10144524
Oaklands International Limited
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: 10144524
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,637,680 4,637,680
4,637,680 4,637,680
CURRENT ASSETS
Debtors 5 648,682 648,782
Cash at bank and in hand 135 6,247
648,817 655,029
Creditors: Amounts Falling Due Within One Year 6 (5,027,253 ) (5,032,810 )
NET CURRENT ASSETS (LIABILITIES) (4,378,436 ) (4,377,781 )
TOTAL ASSETS LESS CURRENT LIABILITIES 259,244 259,899
NET ASSETS 259,244 259,899
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 259,144 259,799
SHAREHOLDERS' FUNDS 259,244 259,899
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 International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10144524 . 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. 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 International Limited 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.
2.3. Investments
Investments in subsidiary undertakings ae recognised at cost.
2.4. 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.
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 4,637,680
As at 31 May 2024 4,637,680
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 4,637,680
As at 1 June 2023 4,637,680
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 648,682 648,682
Other debtors - 100
648,682 648,782
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 5,027,253 4,999,481
Taxation and social security - 33,329
5,027,253 5,032,810
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 100 100
9. Related Party Disclosures
The company has taken advantage of the exemption under FRS 102 33.1A of the requirement to disclose transactions between it and other wholly owned subsidiaries of T3i Holdings Ltd.
10. Controlling Parties
At 31 May 2024, the immediate parent company of Oaklands International Limited was Oaklands Group Holdings limited. The ultimate parent company of Oaklands International Limited was T3i Holdings Ltd.
11. 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.
12. Audit Information
The auditor's report on the accounts of Oaklands International Limited for the year ended 31 May 2024 was unqualified.
The auditor's report was signed by 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