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REGISTERED NUMBER: OC369646 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

OAKVALE CAPITAL LLP

OAKVALE CAPITAL LLP (REGISTERED NUMBER: OC369646)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKVALE CAPITAL LLP

General Information
for the year ended 31 December 2024







Designated members: Green Bay Capital Ltd
Carbon Group Limited
Brahminy Group Ltd





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: OC369646 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

OAKVALE CAPITAL LLP (REGISTERED NUMBER: OC369646)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 22,464 42,639
Investments 5 1 1
22,465 42,640

Current assets
Debtors 6 2,921,850 1,278,078
Cash at bank and in hand 1,909,168 2,525,758
4,831,018 3,803,836
Creditors
Amounts falling due within one year 7 (991,729 ) (836,305 )
Net current assets 3,839,289 2,967,531
Total assets less current liabilities
and
Net assets attributable to members 3,861,754 3,010,171

Loans and other debts due to members 8 3,861,754 3,010,171

Total members' interests
Loans and other debts due to members 8 3,861,754 3,010,171

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

OAKVALE CAPITAL LLP (REGISTERED NUMBER: OC369646)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 April 2025 and were signed by:





Carbon Group Limited - Designated member

OAKVALE CAPITAL LLP (REGISTERED NUMBER: OC369646)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Oakvale Capital LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services net of VAT.

If, at the Balance sheet date, completion of contractual obligations is dependent on the external factors (and thus outside the control of the Limited Liability Partnership), the revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance sheet date are carried forward as work in progress.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the costs of valuation of assets less their residual values over their useful lives on the following basis:

Land and buildings leasehold 10% & 20 % Straight Line Basis
Plant and machinery20% Straight Line Basis
Fixtures, fittings & equipment 20% Reducing Balance Basis
Computer equipment33% Straight Line Basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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

OAKVALE CAPITAL LLP (REGISTERED NUMBER: OC369646)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Members' participating interests
Members' participation right are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members; participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS103. A member;s participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debt due to members' to the extent they exceed debts due from a specific member.

3. Employee information

The average number of employees during the year was 8 (2023 - 4 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 January 2024 87,550 103,161 190,711
Additions - 9,166 9,166
At 31 December 2024 87,550 112,327 199,877
Depreciation
At 1 January 2024 71,616 76,456 148,072
Charge for year 15,934 13,407 29,341
At 31 December 2024 87,550 89,863 177,413
Net book value
At 31 December 2024 - 22,464 22,464
At 31 December 2023 15,934 26,705 42,639

OAKVALE CAPITAL LLP (REGISTERED NUMBER: OC369646)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2024
and 31 December 2024 1
Net book value
At 31 December 2024 1
At 31 December 2023 1

The LLP owns 100% shareholding in Oakvale Capital Advisory Ltd.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,112,521 448,120
Amounts owed by group undertakings 713,740 713,740
Other debtors 95,589 116,218
2,921,850 1,278,078

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 17,691 50,570
Taxation and social security 22,031 23,157
Other creditors 952,007 762,578
991,729 836,305

8. Loans and other debts due to members

2024 2023
£    £
Analysis of loans
Loans from members 3,010,170 2,145,892
Amounts owed to/(from)members in respect of profits 851,583 864,278
3,861,753 3,010,170

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.