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Registration number: 09668395

Oakside Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Oakside Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Oakside Limited

Company Information

Director

I Powell

Registered office

Oakside House
35 Oakfield Road
Clifton
Bristol
BS8 2AT

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisors
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

 

Oakside Limited

(Registration number: 09668395)
Balance Sheet
31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

285

380

Investment property

5

875,000

700,000

 

875,285

700,380

Current assets

 

Debtors

6

8,678

15,982

Cash at bank and in hand

 

5,212

1,048

 

13,890

17,030

Creditors: Amounts falling due within one year

7

(9,858)

(7,248)

Net current assets

 

4,032

9,782

Total assets less current liabilities

 

879,317

710,162

Provisions for liabilities

(75,225)

(41,975)

Net assets

 

804,092

668,187

Capital and reserves

 

Called up share capital

500,200

500,200

Revaluation reserve

158,096

158,096

Retained earnings

145,796

9,891

Shareholders' funds

 

804,092

668,187

 

Oakside Limited

(Registration number: 09668395)
Balance Sheet
31 July 2024

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

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.

Director's 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 director acknowledges 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 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 April 2025
 

.........................................
I Powell
Director

 

Oakside Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 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:
Oakside House
35 Oakfield Road
Clifton
Bristol
BS8 2AT

These financial statements were authorised for issue by the director on 28 April 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent received in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Oakside Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the director (as inidicated). 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Oakside Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Cost or valuation

At 1 August 2023

914

At 31 July 2024

914

Depreciation

At 1 August 2023

534

Charge for the year

95

At 31 July 2024

629

Carrying amount

At 31 July 2024

285

At 31 July 2023

380

5

Investment properties

2024
£

At 1 August

700,000

Fair value adjustments

175,000

At 31 July

875,000

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

 

Oakside Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

6

Debtors

2024
£

2023
£

Other debtors

7,363

14,753

Prepayments

1,315

1,229

8,678

15,982

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,020

4,805

Accruals and deferred income

1,200

1,380

Other creditors

4,638

1,063

9,858

7,248

 

Oakside Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

8

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Interest free and repayable on demand

1,064

6,500

(1,376)

6,188

 

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Interest free and repayable on demand

-

7,264

(6,200)

1,064