| REGISTERED NUMBER: |
| Financial Statements |
| for the Period |
| 7 September 2023 to 30 September 20 | 24 |
| for |
| Oaktree Venture Capital Ltd |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period |
| 7 September 2023 to 30 September 20 | 24 |
| for |
| Oaktree Venture Capital Ltd |
| Oaktree Venture Capital Ltd (Registered number: 15122475) |
| Contents of the Financial Statements |
| for the Period 7 September 2023 to 30 September 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Oaktree Venture Capital Ltd |
| Company Information |
| for the Period 7 September 2023 to 30 September 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Suite 301 |
| Stanmore Business and Innovation Centre |
| Howard Road |
| Stanmore |
| Middlesex |
| HA7 1FW |
| Oaktree Venture Capital Ltd (Registered number: 15122475) |
| Statement of Financial Position |
| 30 September 2024 |
| Notes | £ |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| Oaktree Venture Capital Ltd (Registered number: 15122475) |
| Notes to the Financial Statements |
| for the Period 7 September 2023 to 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| Oaktree Venture Capital Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| 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. |
| Going concern |
| The director considers that the going concern basis is appropriate, which assumes that the company will continue in operational existence for at least 12 months from the date of approval of these financial statements. The validity of this assumption is dependent upon the continued support of the director. |
| Reporting period |
| These financial statements have been prepared for a period of greater than 12 months by virtue of being the first set of accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other creditors |
| 5. | RELATED PARTY DISCLOSURES |
| An amount of £1,016,420 was provided to an entity in which A Friedlander had an interest. The entity was dissolved post year end and the unrecoverable balance has been fully provided against. |
| Included within other creditors at the period end is an amount of £1,021,616 due to the director. This amount has been provided unsecured, interest free and is repayable on demand. |