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Company No: 13872152 (England and Wales)

ONE HUNDRED OAKS LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

ONE HUNDRED OAKS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

ONE HUNDRED OAKS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
ONE HUNDRED OAKS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS L Smoothy
S Smoothy (Appointed 09 February 2024)
REGISTERED OFFICE Unit 1 Southbrook Mews
London
SE12 8LG
United Kingdom
COMPANY NUMBER 13872152 (England and Wales)
ACCOUNTANT Gravita Business Services Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
ONE HUNDRED OAKS LIMITED

BALANCE SHEET

As at 31 July 2024
ONE HUNDRED OAKS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Current assets
Debtors 85,000 0
Cash at bank and in hand 381,135 268,209
466,135 268,209
Creditors: amounts falling due within one year 2 ( 470,090) ( 270,090)
Net current liabilities (3,955) (1,881)
Total assets less current liabilities (3,955) (1,881)
Net liabilities ( 3,955) ( 1,881)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 3,956 ) ( 1,882 )
Total shareholder's deficit ( 3,955) ( 1,881)

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of One Hundred Oaks Limited (registered number: 13872152) were approved and authorised for issue by the Board of Directors on 17 March 2025. They were signed on its behalf by:

L Smoothy
Director
ONE HUNDRED OAKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
ONE HUNDRED OAKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

One Hundred Oaks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Southbrook Mews, London, SE12 8LG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

2. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to connected companies 469,090 269,090
Other creditors 1,000 1,000
470,090 270,090

3. Related party transactions

At the end of the year the company owed £469,000 (2023 : £269,000), to Xomzo Limited, a connected company in respect of interest free loan which is repayable on demand.