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Registered number: 12589598










OAKHAM PROPERTY INVESTMENTS LIMITED










Financial statements

Information for filing with the registrar

for the year ended 30 September 2024

 
OAKHAM PROPERTY INVESTMENTS LIMITED
Registered number: 12589598

Balance Sheet
as at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
5,500,000
5,500,000

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

Creditors: amounts falling due within one year
 6 
(6,591,810)
(6,314,105)

Net current liabilities
  
 
 
(6,591,710)
 
 
(6,314,005)

Total assets less current liabilities
  
(1,091,710)
(814,005)

  

Net liabilities
  
(1,091,710)
(814,005)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,091,810)
(814,105)

  
(1,091,710)
(814,005)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J R A Young
Director

Date: 27 June 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
OAKHAM PROPERTY INVESTMENTS LIMITED
 

 
Notes to the Financial Statements
for the year ended 30 September 2024

1.


General information

Oakham Property Investments Limited ("the Company") is a company limited by shares and incorporated and domiciled in the UK. The registered number is 12589598 and the registered address is 15 Saxon Way East, Oakley Hay Industrial Estate, Corby, Northants, NN18 9EY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1.

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of J & A Young Group Limited as at 30 September 2024 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

 
2.3

Going concern

At 30 September 2024 the company had negative reserves and net current liabilities. The directors have confirmed that their loans to the business will not be repaid until the company has sufficient funds to do so. The subsidiary company has also confirmed that intercompany loans will not be repaid until the company has sufficient funds to do so. Support has been confirmed for the business for a period of at least 12 months from the date of signature of these accounts, on this basis the accounts have been prepared on a going concern basis.

 
2.4

Finance costs

Finance costs are charged to the profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. 

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
OAKHAM PROPERTY INVESTMENTS LIMITED
 

 
Notes to the Financial Statements
for the year ended 30 September 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
OAKHAM PROPERTY INVESTMENTS LIMITED
 

 
Notes to the Financial Statements
for the year ended 30 September 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2023
5,500,000



At 30 September 2024
5,500,000





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

J & A Young (Racing) Limited (formerly Lunette Properties Limited)
15 Saxon Way East, Oakley Hay Industrial Estate, Corby, Northants, United Kingdom, NN18 9EY
Ordinary
100%


5.


Debtors

2024
2023
£
£


Other debtors
100
100



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
5,754,107
5,480,102

Amounts owed to group undertakings
835,253
834,003

Accruals and deferred income
2,450
-

6,591,810
6,314,105


Page 4

 
OAKHAM PROPERTY INVESTMENTS LIMITED
 

 
Notes to the Financial Statements
for the year ended 30 September 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
5,754,107
5,480,102






8.


Related party transactions

Transactions and balances with directors
Interest accrued at 5% on loan notes issued to the former shareholders of Oakham Property Investments Limited's subsidiary and amounted to £274,005 (2023: £260,957) and therefore the creditor at the year end totalled £5,754,107 (2023: £5,480,102). These loan notes are redeemable at any time and ultimately by 31 January 2031.


9.


Controlling party

On 5 December 2023 J & A Young Group Limited became the controlling party. D P R Young was the controlling party prior to 5 December 2023.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 27 June 2025 by Sarah Flear (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 5