Oakrise Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04023709

Oakrise Limited

Filleted Unaudited Financial Statements

31 December 2024

Oakrise Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	4		1,426,500	1,551,500

Current assets

Debtors	5	19,233	2,460
Cash at bank and in hand		24,560	23,016
		--------	--------
		43,793	25,476

Creditors: amounts falling due within one year	6	44,416		53,223
		--------		--------
Net current liabilities			623	27,747
			------------	------------
Total assets less current liabilities			1,425,877	1,523,753

Creditors: amounts falling due after more than one year	7	2,019,195	2,095,529
		------------	------------
Net liabilities		( 593,318)	( 571,776)
		------------	------------

Capital and reserves

Called up share capital		100	100
Profit and loss account	8	( 593,418)	( 571,876)
		---------	---------
Shareholders deficit		( 593,318)	( 571,776)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Oakrise Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr J Malde
Director

Company registration number: 04023709

Oakrise Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Investments

Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

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.

4. Investments

	Investment Properties
	£
Valuation
At 1 January 2024	1,551,500
Disposals	( 125,000)
	------------
At 31 December 2024	1,426,500
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	1,426,500
	------------
At 31 December 2023	1,551,500
	------------

The valuations were made by the directors, on a fair value for existing use basis.

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

	2024	2023
	£	£
Historic cost	1,897,682	2,309,777

5. Debtors

	2024	2023
	£	£
Prepayments and accrued income	17,203	1,014
Other debtors	2,030	1,446
	--------	-------
	19,233	2,460
	--------	-------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	31,931
Accruals and deferred income	15,591	18,418
Social security and other taxes	28,685	1,484
Director loan accounts	140	140
Other creditors	–	1,250
	--------	--------
	44,416	53,223
	--------	--------

The bank loan has been repaid in full during the year.

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	–	711,792
Other creditors	2,019,195	1,383,737
	------------	------------
	2,019,195	2,095,529
	------------	------------

The aggregate amount of creditors which are secured by a first legal charge over the company's investment properties amounted to £1,110,000 (2023: £Nil), which is payable on 6 December 2027.

8. Reserves

	2024	2023
	£	£
Distributable/ (deficit) reserves	(122,236)	186,401
Fair value loss on investment properties	(471,182)	(758,277)
	---------	---------
	(593,418)	(571,876)
	---------	---------