REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 September 2024 |
for |
Oakley Interiors Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2023 to 30 September 2024 |
for |
Oakley Interiors Limited |
Oakley Interiors Limited (Registered number: 03326790) |
Contents of the Financial Statements |
for the Period 1 April 2023 to 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Oakley Interiors Limited |
Company Information |
for the Period 1 April 2023 to 30 September 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
39 Station Road |
Liphook |
Hampshire |
GU30 7DW |
Oakley Interiors Limited (Registered number: 03326790) |
Balance Sheet |
30 September 2024 |
30.9.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Fair value reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company. |
Oakley Interiors Limited (Registered number: 03326790) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the director and authorised for issue on |
Oakley Interiors Limited (Registered number: 03326790) |
Notes to the Financial Statements |
for the Period 1 April 2023 to 30 September 2024 |
1. | STATUTORY INFORMATION |
Oakley Interiors Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Office equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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 period 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. |
Pension costs and other post-retirement benefits |
Contributions paid by the company to the directors personal pension scheme are charged to the income statement in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Oakley Interiors Limited (Registered number: 03326790) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 September 2024 |
4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
£ |
COST |
At 1 April 2023 |
and 30 September 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for period |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 31 March 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
Revaluations | (21,000 | ) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 31 March 2023 |
The fair value of the above investment property of the company has been assessed by the director as at 30th September 2024 by using publicly available property market valuation information concerning property values of similar properties in the same location as the properties held by the company. |
6. | DEBTORS |
30.9.24 | 31.3.23 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Prepayments |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
Oakley Interiors Limited (Registered number: 03326790) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 September 2024 |
7. | CURRENT ASSET INVESTMENTS |
30.9.24 | 31.3.23 |
£ | £ |
Other |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 31.3.23 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
VAT | 8,463 | 50,640 |
Other creditors |
Directors' current accounts | 1,503 | 1,158 |
Accruals & deferred income |
9. | PROVISIONS FOR LIABILITIES |
30.9.24 | 31.3.23 |
£ | £ |
Deferred tax | 12,440 | 17,690 |
Deferred |
tax |
£ |
Balance at 1 April 2023 |
Provided during period | ( |
) |
Balance at 30 September 2024 |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2023 |
Revaluation at fair value | (21,000 | ) |
At 30 September 2024 |
Oakley Interiors Limited (Registered number: 03326790) |
Notes to the Financial Statements - continued |
for the Period 1 April 2023 to 30 September 2024 |
11. | RELATED PARTY DISCLOSURES |
The director of the company, Mr C H Thomas is also a director and shareholder of WET Holdings Limited. During the period Oakley Interiors Limited loaned money to WET Holdings Limited and the balance owed to them as at the period end was £112,750 (2023 - £109,200) and is shown in the accounts under 'Other debtors'. The company also issued sales invoices to them totalling £0 (2023- £386). |
Mr C H Thomas owns the company's office premises and charges the company with a monthly rent of £500. The charge for the period was £9,000 (2023 - £6000). |
Mr C H Thomas is also a director and shareholder of Oakley Property Solutions Limited. During the period the company loaned money to Oakley Property Solutions Limited. At the period end £62,248 (2023 - £33,648) was owed to Oakley Interiors Limited. This amount is shown under other debtors in the accounts. The company also issued sales invoices to them totalling £0 (2023 - £261) and received purchase invoices from them totalling £20,659. |
Mr C H Thomas is a director and shareholder of Maslow Group Limited. During the previous year the company loaned Maslow Group Ltd £5,000.This amount is included in the accounts under other debtors. |