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REGISTERED NUMBER: 03326790 (England and Wales)












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: C H Thomas





SECRETARY: Mrs S Thomas





REGISTERED OFFICE: 24 Moor Park Lane
Farnham
Surrey
GU9 9JB





REGISTERED NUMBER: 03326790 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
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 4 728 1,002
Investment property 5 275,000 296,000
275,728 297,002

CURRENT ASSETS
Debtors 6 496,463 667,887
Investments 7 19,933 19,933
Cash at bank 332,812 212,821
849,208 900,641
CREDITORS
Amounts falling due within one year 8 62,738 204,579
NET CURRENT ASSETS 786,470 696,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,198

993,064

PROVISIONS FOR LIABILITIES 9 12,440 17,690
NET ASSETS 1,049,758 975,374

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Fair value reserve 10 71,283 92,283
Retained earnings 978,473 883,089
SHAREHOLDERS' FUNDS 1,049,758 975,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2025 and were signed by:





C H Thomas - Director


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 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on cost

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 1 (2023 - 1 ) .

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 10,438
DEPRECIATION
At 1 April 2023 9,436
Charge for period 274
At 30 September 2024 9,710
NET BOOK VALUE
At 30 September 2024 728
At 31 March 2023 1,002

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 296,000
Revaluations (21,000 )
At 30 September 2024 275,000
NET BOOK VALUE
At 30 September 2024 275,000
At 31 March 2023 296,000

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 6,452 241,940
Other debtors 180,561 147,848
Prepayments 1,609 908
188,622 390,696

Amounts falling due after more than one year:
Other debtors 307,841 277,191

Aggregate amounts 496,463 667,887

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 19,933 19,933

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.3.23
£    £   
Trade creditors 8,608 140,991
Corporation tax 30,098 2,588
Social security and other taxes 1,823 6,010
VAT 8,463 50,640
Other creditors 9,049 -
Directors' current accounts 1,503 1,158
Accruals & deferred income 3,194 3,192
62,738 204,579

9. PROVISIONS FOR LIABILITIES
30.9.24 31.3.23
£    £   
Deferred tax 12,440 17,690

Deferred
tax
£   
Balance at 1 April 2023 17,690
Provided during period (5,250 )
Balance at 30 September 2024 12,440

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 92,283
Revaluation at fair value (21,000 )

At 30 September 2024 71,283

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.