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REGISTERED NUMBER: 02058109 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 3 SEPTEMBER 2024

FOR

OAKSTAKE LIMITED

OAKSTAKE LIMITED (REGISTERED NUMBER: 02058109)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OAKSTAKE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 3 SEPTEMBER 2024







DIRECTORS: A F Barrett
S M Barrett
J M Simmonds
L A Vowles





SECRETARY: A F Barrett





REGISTERED OFFICE: 37 Priests Lane
Shenfield
Essex
CM15 8BU





REGISTERED NUMBER: 02058109 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

OAKSTAKE LIMITED (REGISTERED NUMBER: 02058109)

BALANCE SHEET
3 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 200,000 200,000

CURRENT ASSETS
Debtors 5 6,459 6,490
Cash at bank 12,217 14,732
18,676 21,222
CREDITORS
Amounts falling due within one year 6 9,797 20,339
NET CURRENT ASSETS 8,879 883
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,879

200,883

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 51,008 51,008
Retained earnings 7 157,771 149,775
SHAREHOLDERS' FUNDS 208,879 200,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 3 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





A F Barrett - Director


OAKSTAKE LIMITED (REGISTERED NUMBER: 02058109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 SEPTEMBER 2024

1. STATUTORY INFORMATION

Oakstake Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents income from rents receivable.


Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 4 September 2023
and 3 September 2024 200,000
NET BOOK VALUE
At 3 September 2024 200,000
At 3 September 2023 200,000

OAKSTAKE LIMITED (REGISTERED NUMBER: 02058109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 3 SEPTEMBER 2024

4. INVESTMENT PROPERTY - continued

Fair value at 3 September 2024 is represented by:
£   
Valuation in 1991 36,008
Valuation in 2013 15,000
Valuation in 2015 170,000
Valuation in 2016 (61,500 )
Valuation in 2017 6,500
Valuation in 2018 (65,000 )
Valuation in 2019 (50,000 )
Cost 148,992
200,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 148,992 148,992

Investment property was valued on an open market basis on 3 September 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,664 5,664
Prepayments and accrued income 795 826
6,459 6,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,814 2,187
Directors' loan accounts 4,591 15,760
Accrued expenses 2,392 2,392
9,797 20,339

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 4 September 2023 149,775 51,008 200,783
Profit for the year 11,996 11,996
Dividends (4,000 ) (4,000 )
At 3 September 2024 157,771 51,008 208,779