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REGISTERED NUMBER: 09344024 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Oakley Residential (Lewes) Limited

Oakley Residential (Lewes) Limited (Registered number: 09344024)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Oakley Residential (Lewes) Limited (Registered number: 09344024)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 900
Tangible assets 5 68,241 108,117
68,241 109,017

Current assets
Debtors 6 45,179 41,009
Cash at bank and in hand 61,964 105,565
107,143 146,574
Creditors
Amounts falling due within one year 7 66,063 49,483
Net current assets 41,080 97,091
Total assets less current liabilities 109,321 206,108

Creditors
Amounts falling due after more than one
year

8

(5,162

)

(15,550

)

Provisions for liabilities (15,365 ) (24,838 )
Net assets 88,794 165,720

Oakley Residential (Lewes) Limited (Registered number: 09344024)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 9 100 100
Retained earnings 88,694 165,620
Shareholders' funds 88,794 165,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





D J Beaken - Director


Oakley Residential (Lewes) Limited (Registered number: 09344024)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Oakley Residential (Lewes) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09344024

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Goodwill is initially recorded at cost, and subsequently stated at cost less any accumulated amortisation and impairment losses.

Oakley Residential (Lewes) Limited (Registered number: 09344024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. Accounting policies - continued

Tangible fixed assets
Property, plant and equipment are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment - 25% straight line
Computer equipment - 25% straight line
Motor vehicles - 20% reducing balance
Leasehold improvements - 20% straight line and 10% straight line

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractualprovisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Oakley Residential (Lewes) Limited (Registered number: 09344024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 10,000
Amortisation
At 1 January 2024 9,100
Charge for year 900
At 31 December 2024 10,000
Net book value
At 31 December 2024 -
At 31 December 2023 900

Oakley Residential (Lewes) Limited (Registered number: 09344024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. Tangible assets
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2024 59,832 49,402 113,359 18,603 241,196
Additions 4,326 2,527 - 564 7,417
Disposals - - (75,321 ) - (75,321 )
At 31 December 2024 64,158 51,929 38,038 19,167 173,292
Depreciation
At 1 January 2024 29,141 23,173 72,448 8,317 133,079
Charge for year 3,567 11,475 4,068 4,324 23,434
Eliminated on disposal - - (51,462 ) - (51,462 )
At 31 December 2024 32,708 34,648 25,054 12,641 105,051
Net book value
At 31 December 2024 31,450 17,281 12,984 6,526 68,241
At 31 December 2023 30,691 26,229 40,911 10,286 108,117

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 5,027 6,806
Other debtors 40,152 34,203
45,179 41,009

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,396 10,140
Trade creditors 7,731 11,820
Taxation and social security 21,320 9,600
Other creditors 26,616 17,923
66,063 49,483

Oakley Residential (Lewes) Limited (Registered number: 09344024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 5,162 15,550

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
46 Ordinary A Shares £1 46 46
49 Ordinary B Shares £1 49 49
5 Ordinary C Shares £1 5 5
100 100

10. Off-balance sheet arrangements

At the year end, the company had operating lease commitments amounting to £1,984 (2023: £21,623).

11. Directors' advances, credits and guarantees

During the year the company advanced the directors £14,900 (2023: £24,607) with repayments received of £nil (2023: £41,477). At the year end, the directors owed the company £22,839 (2023: £7,939). The advances were interest-free, unsecured and repayable upon demand.