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REGISTERED NUMBER: 10147915 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Oasis Property Limited

Oasis Property Limited (Registered number: 10147915)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oasis Property Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs C M Stone
B H Dawson





REGISTERED OFFICE: The Estate Office Clopton Park
Clopton
Woodbridge
Suffolk
IP13 6QT





REGISTERED NUMBER: 10147915 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Oasis Property Limited (Registered number: 10147915)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 216,691 489,472
Investment property 5 9,500,001 7,735,797
9,716,692 8,225,269

CURRENT ASSETS
Debtors 6 291,492 99,159
Cash at bank 256,776 718,857
548,268 818,016
CREDITORS
Amounts falling due within one year 7 418,123 281,615
NET CURRENT ASSETS 130,145 536,401
TOTAL ASSETS LESS CURRENT LIABILITIES 9,846,837 8,761,670

CREDITORS
Amounts falling due after more than one
year

8

(4,806,761

)

(4,478,396

)

PROVISIONS FOR LIABILITIES 9 (1,212,630 ) (997,031 )
NET ASSETS 3,827,446 3,286,243

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 3,678,651 3,022,096
Retained earnings 148,695 264,047
SHAREHOLDERS' FUNDS 3,827,446 3,286,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Oasis Property Limited (Registered number: 10147915)

Balance Sheet - continued
31 August 2024


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 28 May 2025 and were signed on its behalf by:




B H Dawson - Director



Mrs C M Stone - Director


Oasis Property Limited (Registered number: 10147915)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Oasis Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Office - 10 years straight line
Plant and machinery - 5 years straight line and 10 years straight line
Fixtures and fittings - 5 years straight line
Motor vehicles - 5 years straight line
Computer equipment - 33% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with banks and related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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.


Oasis Property Limited (Registered number: 10147915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Investment
Property
under Plant and
construction Office machinery
£    £    £   
COST
At 1 September 2023 253,263 77,000 105,682
Additions - - 21,005
Disposals (253,263 ) - -
At 31 August 2024 - 77,000 126,687
DEPRECIATION
At 1 September 2023 - 7,700 34,069
Charge for year - 7,700 10,834
At 31 August 2024 - 15,400 44,903
NET BOOK VALUE
At 31 August 2024 - 61,600 81,784
At 31 August 2023 253,263 69,300 71,613

Oasis Property Limited (Registered number: 10147915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 29,057 81,800 1,086 547,888
Additions 680 - - 21,685
Disposals - - - (253,263 )
At 31 August 2024 29,737 81,800 1,086 316,310
DEPRECIATION
At 1 September 2023 7,993 8,478 176 58,416
Charge for year 5,947 16,360 362 41,203
At 31 August 2024 13,940 24,838 538 99,619
NET BOOK VALUE
At 31 August 2024 15,797 56,962 548 216,691
At 31 August 2023 21,064 73,322 910 489,472

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 65,300
DEPRECIATION
At 1 September 2023 4,353
Charge for year 13,060
At 31 August 2024 17,413
NET BOOK VALUE
At 31 August 2024 47,887
At 31 August 2023 60,947

Oasis Property Limited (Registered number: 10147915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 7,735,797
Additions 888,798
Revaluations 875,406
At 31 August 2024 9,500,001
NET BOOK VALUE
At 31 August 2024 9,500,001
At 31 August 2023 7,735,797

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 1,343,652
Valuation in 2023 2,655,350
Valuation in 2024 875,405
Cost 4,625,594
9,500,001

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

2024 2023
£    £   
Cost 4,625,593 3,736,795

investment property was valued on a fair value basis on 31 March 2025 by Fenn Wright .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,163 3,235
Amounts owed by group undertakings 207,992 22,079
Other debtors 70,337 73,845
291,492 99,159

Oasis Property Limited (Registered number: 10147915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,035 10,035
Hire purchase contracts 7,889 5,713
Trade creditors 253,539 82,795
Amounts owed to group undertakings 115,496 157,946
Taxation and social security 2,147 1,383
Other creditors 29,017 23,743
418,123 281,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,754,163 4,417,908
Hire purchase contracts 52,598 60,488
4,806,761 4,478,396

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 16,873 20,125
Investment property gains 1,195,757 976,906
1,212,630 997,031

Deferred
tax
£   
Balance at 1 September 2023 997,031
Credit to Income Statement during year (3,252 )
Investment property gains 218,851
Balance at 31 August 2024 1,212,630

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1 100 100

Oasis Property Limited (Registered number: 10147915)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. RESERVES
Fair
value
reserve
£   
At 1 September 2023 3,022,096
Investment property gains 656,555

At 31 August 2024 3,678,651