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REGISTERED NUMBER: 13703293 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

OAKVALE VENTURES LIMITED

OAKVALE VENTURES LIMITED (REGISTERED NUMBER: 13703293)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKVALE VENTURES LIMITED

Company Information
for the year ended 31 October 2024







Directors: D P Burns
S A P Loudon
M Z Juroszek





Registered office: New Derwent House
69-73 Theobalds Road
Londn
WC1X 8TA





Registered number: 13703293 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

OAKVALE VENTURES LIMITED (REGISTERED NUMBER: 13703293)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 10,714,318 8,131,481

Current assets
Debtors 5 3 3
Cash at bank 31,236 712,614
31,239 712,617
Creditors
Amounts falling due within one year 6 - 617,183
Net current assets 31,239 95,434
Total assets less current liabilities 10,745,557 8,226,915

Creditors
Amounts falling due after more than one
year

7

11,607,055

8,729,969
Net liabilities (861,498 ) (503,054 )

Capital and reserves
Called up share capital 8 3 3
Retained earnings (861,501 ) (503,057 )
Shareholders' funds (861,498 ) (503,054 )

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

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

OAKVALE VENTURES LIMITED (REGISTERED NUMBER: 13703293)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





D P Burns - Director


OAKVALE VENTURES LIMITED (REGISTERED NUMBER: 13703293)

Notes to the Financial Statements
for the year ended 31 October 2024


1. Statutory information

OAKVALE VENTURES 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Management do not consider there to be any estimates and judgements that affect the reported amounts of assets and liabilities in these financial statements.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

OAKVALE VENTURES LIMITED (REGISTERED NUMBER: 13703293)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on a going-concern basis. The company incurred losses during the year, however, the directors believe that the company has sufficient resources available for it to be able to continue to meet its obligations, if and when they become due and they have a reasonable belief that the company can continue in operational existence for the foreseeable future. The directors are therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the financial statements

Investments
Investments are measured at fair value and changes in fair value are included in the income statement.

Investments are initially recognised at transaction price including any incidental transaction costs.

Investments are revalued at their fair value at the end of the period, where possible. If a reliable measure of fair value is not available, the carrying value of the investments will be deemed to be equal to cost.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Fixed asset investments
Other
investments
£
Cost
At 1 November 2023 8,131,481
Additions 2,582,837
At 31 October 2024 10,714,318
Net book value
At 31 October 2024 10,714,318
At 31 October 2023 8,131,481

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 3 3

6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors - 617,183

OAKVALE VENTURES LIMITED (REGISTERED NUMBER: 13703293)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Amounts owed to group undertakings 10,599,418 8,285,271
Other creditors 1,007,637 444,698
11,607,055 8,729,969

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
300 Ordinary 0.01 3 3

9. Related party disclosures

During the year the company received loans totalling £1,947,952 from its owners. The loans carry various interest rates and interest of £562,938 has been charged by the owners to the company within the year. The loans are repayable on demand.