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Registration number: 09403591

Oakborne Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Oakborne Investments Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Oakborne Investments Limited

Company Information

Directors

A Mehta

B N Mehta

Registered office

D S House
306 High Street
Croydon
Surrey
CR0 1NG

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oakborne Investments Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oakborne Investments Limited for the year ended 31 March 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Oakborne Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Oakborne Investments Limited and state those matters that we have agreed to state to the Board of Directors of Oakborne Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakborne Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oakborne Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oakborne Investments Limited. You consider that Oakborne Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Oakborne Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

21 March 2025

 

Oakborne Investments Limited

(Registration number: 09403591)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

32,066

42,755

Investment property

5

1,039,510

1,039,510

Other financial assets

6

525,046

525,046

 

1,596,622

1,607,311

Current assets

 

Debtors

7

791,539

723,100

Cash at bank and in hand

 

11,674

7,499

 

803,213

730,599

Creditors: Amounts falling due within one year

8

(1,698,740)

(1,653,995)

Net current liabilities

 

(895,527)

(923,396)

Total assets less current liabilities

 

701,095

683,915

Creditors: Amounts falling due after more than one year

8

(213,918)

(232,798)

Net assets

 

487,177

451,117

Capital and reserves

 

Called up share capital

100

100

Retained earnings

487,077

451,017

Shareholders' funds

 

487,177

451,117

 

Oakborne Investments Limited

(Registration number: 09403591)
Statement of Financial Position as at 31 March 2024 (continued)

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Income Statement.

Approved and authorised by the Board on 21 March 2025 and signed on its behalf by:
 

B N Mehta
Director

   
     
 

Oakborne Investments 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 and Wales.

The address of its registered office is:
D S House
306 High Street
Croydon
Surrey
CR0 1NG
England

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.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Tax

The tax expense for the period comprises current tax. Tax is recognised in 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 income 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

 

Oakborne Investments Limited

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

2

Accounting policies (continued)

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

Motor vehicles

25% Reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Oakborne Investments Limited

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

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

62,190

62,190

At 31 March 2024

62,190

62,190

Depreciation

At 1 April 2023

19,435

19,435

Charge for the year

10,689

10,689

At 31 March 2024

30,124

30,124

Carrying amount

At 31 March 2024

32,066

32,066

At 31 March 2023

42,755

42,755

5

Investment properties

2024
£

At 1 April

1,039,510

At 31 March

1,039,510

There has been no valuation of investment property by an independent valuer.

 

Oakborne Investments Limited

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

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

525,046

525,046

At 31 March 2024

525,046

525,046

Impairment

Carrying amount

At 31 March 2024

525,046

525,046

7

Debtors

2024
£

2023
£

Other debtors

791,539

723,100

791,539

723,100

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

287,824

287,761

Taxation and social security

 

132,226

125,062

Accruals and deferred income

 

3,651

6,519

Other creditors

 

1,275,039

1,234,653

 

1,698,740

1,653,995

 

Oakborne Investments Limited

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

8

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

213,918

232,798

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

213,918

232,798

Current loans and borrowings

2024
£

2023
£

Bank borrowings

37,824

37,761

Other borrowings

250,000

250,000

287,824

287,761