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Registered number: 01248853
Oasis Discotheques (Leicester) Limited
Financial Statements
For The Year Ended 30 September 2024
Nuvo Accountancy Limited (Ashby)
Chartered Certified Accountants
Rawdon House
Rawdon Terrace
Ashby de la Zouch
Leicestershire
LE65 2GN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01248853
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,658 53,760
52,658 53,760
CURRENT ASSETS
Stocks 5 90 99
Debtors 6 366 359
Cash at bank and in hand 1,891 35
2,347 493
Creditors: Amounts Falling Due Within One Year 7 (149,470 ) (143,487 )
NET CURRENT ASSETS (LIABILITIES) (147,123 ) (142,994 )
TOTAL ASSETS LESS CURRENT LIABILITIES (94,465 ) (89,234 )
NET LIABILITIES (94,465 ) (89,234 )
CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Profit and Loss Account (97,465 ) (92,234 )
SHAREHOLDERS' FUNDS (94,465) (89,234)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D F Walker
Director
26 June 2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oasis Discotheques (Leicester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01248853 . The registered office is 141 Belvoir Road, Coalville, Leicestershire, LE67 3PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures, fittings and equipment 15%/33.3% reducing balance
No depreciation is provided on freehold property since the Director considers that the property's market value exceeds the value shown in these accounts.
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Deferred tax is recognised on all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less tax.
Deferred tax assets is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Equipment Motor Vehicles Fixtures, fittings and equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 49,390 8,408 19,260 664 77,722
Disposals - - (9,260 ) - (9,260 )
As at 30 September 2024 49,390 8,408 10,000 664 68,462
Depreciation
As at 1 October 2023 - 8,287 15,028 647 23,962
Provided during the period - 30 1,055 4 1,089
Disposals - - (9,247 ) - (9,247 )
As at 30 September 2024 - 8,317 6,836 651 15,804
Net Book Value
As at 30 September 2024 49,390 91 3,164 13 52,658
As at 1 October 2023 49,390 121 4,232 17 53,760
5. Stocks
2024 2023
£ £
Stock 90 99
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 366 359
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 149,470 143,487
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,000 3,000
9. Related Party Transactions
The company is under the control of Mr D F Walker who is the sole shareholder.
At the company's year end, the loan to the company by the director, Mr D F Walker, stood at £148,711. This loan is free of interest and repayable on demand.
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10. Going concern
The director has been concerned over the reduction in trading activity, in recent years, with its consequent effect on the net worth of the company, arising initially from the recession, but also as a result of the COVID-19 pandemic and other issues. He continues to give the situation careful consideration and has been able to generate a small amount of trading income during the accounting period. The director intends to continue to support the company through an ongoing commitment to the provision of of loan funds to the company, whilst at the same time taking steps to reduce costs still further. The director considers that those measures already in place, together with those in progress, will begin to achieve a satisfactory resolution to the going concern issues.
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