Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312true2023-06-01falseDormantfalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08461121 2023-06-01 2024-05-31 08461121 2022-06-01 2023-05-31 08461121 2024-05-31 08461121 2023-05-31 08461121 c:Director2 2023-06-01 2024-05-31 08461121 d:CurrentFinancialInstruments 2024-05-31 08461121 d:CurrentFinancialInstruments 2023-05-31 08461121 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08461121 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08461121 d:ShareCapital 2024-05-31 08461121 d:ShareCapital 2023-05-31 08461121 d:RetainedEarningsAccumulatedLosses 2024-05-31 08461121 d:RetainedEarningsAccumulatedLosses 2023-05-31 08461121 c:FRS102 2023-06-01 2024-05-31 08461121 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08461121 c:FullAccounts 2023-06-01 2024-05-31 08461121 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08461121 6 2023-06-01 2024-05-31 08461121 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 08461121









OAKTREE SYSTEMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
OAKTREE SYSTEMS LIMITED
REGISTERED NUMBER: 08461121

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
4,500
4,500

Current assets
  

Debtors: amounts falling due within one year
 5 
300
300

Creditors: amounts falling due within one year
 6 
(3,465)
(3,465)

Net current liabilities
  
 
 
(3,165)
 
 
(3,165)

Total assets less current liabilities
  
1,335
1,335

  

Net assets
  
1,335
1,335


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,135
1,135

  
1,335
1,335


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 27 February 2025.




J W J Varnavides
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
OAKTREE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Oaktree Systems Limited ("the Company") 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.

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.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short-term creditors are measured at the transaction price. 

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 
Page 2

 
OAKTREE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.5

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
OAKTREE SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 June 2023
4,500



At 31 May 2024
4,500





5.


Debtors

2024
2023
£
£


Other debtors
300
300



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
3,465
3,465


Page 4