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Registration number: 09360364

Oakridge Partners Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Oakridge Partners Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Oakridge Partners Limited

Company Information

Directors

C Driscoll

H T Driscoll

Registered office

Littleton
Flanchford Road
Reigate
RH2 8QZ

Accountants

Smart Accounting & Tax Solutions LLP
Chartered Accountants74A Station Road East
Oxted
Surrey
RH8 0PG

 

Oakridge Partners Limited

(Registration number: 09360364)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

732,525

367,893

Current assets

 

Cash at bank and in hand

 

87

441

Creditors: Amounts falling due within one year

6

(580,174)

(332,533)

Net current liabilities

 

(580,087)

(332,092)

Total assets less current liabilities

 

152,438

35,801

Creditors: Amounts falling due after more than one year

6

(682,882)

(614,305)

Net liabilities

 

(530,444)

(578,504)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(530,544)

(578,604)

Shareholders' deficit

 

(530,444)

(578,504)

 

Oakridge Partners Limited

(Registration number: 09360364)
Balance Sheet as at 31 March 2024

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

.........................................
C Driscoll
Director

 

Oakridge Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Littleton
Flanchford Road
Reigate
RH2 8QZ

These financial statements were authorised for issue by the Board on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have confirmed that they will continue to support the company to enable it to meet its liabilities as they fall due.

Tax

The tax expense for the period comprises Corporation Tax, based on the Company's taxable profit and chargeable gains. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Oakridge Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight line basis

Investments

Investments in equity and partnerships which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Oakridge Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

5,779

5,779

At 31 March 2024

5,779

5,779

Depreciation

At 1 April 2023

5,779

5,779

At 31 March 2024

5,779

5,779

Carrying amount

At 31 March 2024

-

-

 

Oakridge Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Investments

2024
£

2023
£

Investments in joint ventures

732,525

367,893

Joint ventures

£

Cost

At 1 April 2023

488,278

Additions

364,632

At 31 March 2024

852,910

Provision

At 1 April 2023

120,385

Carrying amount

At 31 March 2024

732,525

At 31 March 2023

367,893

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Joint ventures

ACD Partners LLP

1st Floor Healthaid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD

50%

50%

England & Wales

Joint ventures

ACD Partners LLP

The principal activity of ACD Partners LLP is residential property development.

 

Oakridge Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,579

630

Accruals and deferred income

77,821

74,671

Other creditors

493,774

257,232

580,174

332,533

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

682,882

614,305

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

30,976

32,399

Other borrowings

651,906

581,906

682,882

614,305