1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-30 Sage Accounts Production Advanced 2024 - FRS102_2024 7,471 5,421 618 6,039 1,432 2,050 xbrli:pure xbrli:shares iso4217:GBP 10090922 2023-03-30 2024-03-29 10090922 2024-03-29 10090922 2023-03-29 10090922 2022-04-01 2023-03-29 10090922 2023-03-29 10090922 2022-03-31 10090922 bus:Director1 2023-03-30 2024-03-29 10090922 core:WithinOneYear 2024-03-29 10090922 core:WithinOneYear 2023-03-29 10090922 core:ShareCapital 2024-03-29 10090922 core:ShareCapital 2023-03-29 10090922 core:RetainedEarningsAccumulatedLosses 2024-03-29 10090922 core:RetainedEarningsAccumulatedLosses 2023-03-29 10090922 bus:SmallEntities 2023-03-30 2024-03-29 10090922 bus:AuditExemptWithAccountantsReport 2023-03-30 2024-03-29 10090922 bus:SmallCompaniesRegimeForAccounts 2023-03-30 2024-03-29 10090922 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 10090922 bus:FullAccounts 2023-03-30 2024-03-29 10090922 core:OfficeEquipment 2023-03-30 2024-03-29 10090922 core:OfficeEquipment 2024-03-29 10090922 core:OfficeEquipment 2023-03-29 10090922 core:AllAssociates 2023-03-30 2024-03-29
COMPANY REGISTRATION NUMBER: 10090922
White Oak Advisory Limited
Filleted Unaudited Financial Statements
29 March 2024
White Oak Advisory Limited
Financial Statements
Year ended 29 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
White Oak Advisory Limited
Statement of Financial Position
29 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,432
2,050
Current assets
Debtors
6
3,153,307
3,345,079
Cash at bank and in hand
245,400
178,040
------------
------------
3,398,707
3,523,119
Creditors: amounts falling due within one year
7
320,024
442,353
------------
------------
Net current assets
3,078,683
3,080,766
------------
------------
Total assets less current liabilities
3,080,115
3,082,816
------------
------------
Net assets
3,080,115
3,082,816
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,080,015
3,082,716
------------
------------
Shareholders funds
3,080,115
3,082,816
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
White Oak Advisory Limited
Statement of Financial Position (continued)
29 March 2024
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr J S Espinosa
Director
Company registration number: 10090922
White Oak Advisory Limited
Notes to the Financial Statements
Year ended 29 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 42 Brook Street, London, United Kingdom, W1K 5DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 30 March 2023 and 29 March 2024
7,471
7,471
-------
-------
Depreciation
At 30 March 2023
5,421
5,421
Charge for the year
618
618
-------
-------
At 29 March 2024
6,039
6,039
-------
-------
Carrying amount
At 29 March 2024
1,432
1,432
-------
-------
At 29 March 2023
2,050
2,050
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
451,609
Other debtors
3,153,307
2,893,470
------------
------------
3,153,307
3,345,079
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
201,202
311,869
Corporation tax
108,773
120,435
Other creditors
10,049
10,049
---------
---------
320,024
442,353
---------
---------
8. Related party transactions
At the year end the company was owed £3,153,113 (2023: £2,893,276) by a group company.
9. Controlling party
The parent company and ultimate controlling party is White Oak Ventures Limited who own 100% of the share capital. The address of White Oak Ventures Limited is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN .