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Registered number: 08767815
Oakesuk Group Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Oakesuk Group Limited for the year ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oakesuk Group Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Oakesuk Group Limited , as a body, in accordance with the terms of our engagement letter dated 26 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Oakesuk Group Limited and state those matters that we have agreed to state to the directors of Oakesuk Group Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakesuk Group Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Oakesuk Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Oakesuk Group Limited . You consider that Oakesuk Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Oakesuk Group Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
8th July 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 08767815
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 600,000 600,000
Investments 6 350 400
600,350 600,400
CURRENT ASSETS
Debtors 7 18,973 38,637
Cash at bank and in hand 546 57
19,519 38,694
Creditors: Amounts Falling Due Within One Year 8 (337,388 ) (328,743 )
NET CURRENT ASSETS (LIABILITIES) (317,869 ) (290,049 )
TOTAL ASSETS LESS CURRENT LIABILITIES 282,481 310,351
Creditors: Amounts Falling Due After More Than One Year 9 (270,152 ) (280,378 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (941 ) -
NET ASSETS 11,388 29,973
CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 4,950 6,437
Profit and Loss Account 6,338 23,436
SHAREHOLDERS' FUNDS 11,388 29,973
Page 2
Page 3
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Peter Oakes
Director
8th July 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Oakesuk Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08767815 . The registered office is Ground Floor, 5 Whiteside, Station Road, Holmes Chapel, Crewe, CW4 8AA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years. 
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. The assets have been fully depreciated, therefore they are recorded at nil value in the accounts, the tangible fixed assets were depreciated using the below methods:
Freehold No depreciation
Motor Vehicles 15% Straight Line
Fixtures & Fittings 33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Investments
Investments consists of investments in subsidiaries which are recognised at cost and tested for impairment.
Page 4
Page 5
2.6. Freehold property
The freehold property was  recognised initially at coast and then subject to revaluation and those movements are recognised in the revaluation reserve account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 1
As at 28 February 2025 1
Amortisation
As at 1 March 2024 1
As at 28 February 2025 1
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2024 600,000 51,000 64,613 715,613
As at 28 February 2025 600,000 51,000 64,613 715,613
Depreciation
As at 1 March 2024 - 51,000 64,613 115,613
As at 28 February 2025 - 51,000 64,613 115,613
Net Book Value
As at 28 February 2025 600,000 - - 600,000
As at 1 March 2024 600,000 - - 600,000
Page 5
Page 6
6. Investments
Subsidiaries
£
Cost
As at 1 March 2024 400
Disposals (50 )
As at 28 February 2025 350
Provision
As at 1 March 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 350
As at 1 March 2024 400
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 18,973 38,637
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 240 -
Bank loans and overdrafts 46,194 47,881
Amounts owed to group undertakings 282,383 276,159
Other creditors 2,716 4,703
Taxation and social security 5,855 -
337,388 328,743
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 270,152 280,378
10. Secured Creditors
The bank loans are secured by a fixed and floating charge over the assets of the company.
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2024 (1,273 ) (1,273)
Additions 2,214 2,214
Balance at 28 February 2025 941 941
Page 6
Page 7
12. Share Capital
2025 2024
Allotted, called up and fully paid £ £
51 Ordinary A shares of £ 1.00 each 51 51
6 Ordinary B shares of £ 1.00 each 6 6
31 Ordinary C shares of £ 1.00 each 31 31
6 Ordinary D shares of £ 1.00 each 6 6
6 Ordinary E shares of £ 1.00 each 6 6
100 100
13. Reserves
Fair Value Reserve
£
As at 1 March 2024 6,437
Movements in fair value reserve (1,487)
As at 28 February 2025 4,950
Page 7