Oakdale Financial Services Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

Registered number: 07503498

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,783		5,676
Tangible Assets	5		2,939		3,920
Investments	6		17,245		101,392

			23,967		110,988
CURRENT ASSETS
Debtors	7	35,852		39,450
Cash at bank and in hand		20,792		29,304

		56,644		68,754
Creditors: Amounts Falling Due Within One Year	8	(58,290 )		(85,820 )

NET CURRENT ASSETS (LIABILITIES)			(1,646 )		(17,066 )

TOTAL ASSETS LESS CURRENT LIABILITIES			22,321		93,922

NET ASSETS			22,321		93,922

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			22,221		93,822

SHAREHOLDERS' FUNDS			22,321		93,922

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.

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 Income Statement.

On behalf of the board

Mr Dipesh Shah

Director

24 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Oakdale Financial Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07503498 . The registered office is Foxend, Nugents Park, Pinner, England, HA5 4RA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 December 2024 are the first financial statements of Oakdale Financial Services Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 1 January 2024.

The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

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:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

2.6. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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Oakdale Financial Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in

which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	18,927

As at 31 December 2024	18,927

Amortisation
As at 1 January 2024	13,251
Provided during the period	1,893

As at 31 December 2024	15,144

Net Book Value
As at 31 December 2024	3,783

As at 1 January 2024	5,676

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	2,296	11,868	14,164

As at 31 December 2024	2,296	11,868	14,164

Depreciation
As at 1 January 2024	1,674	8,570	10,244
Provided during the period	156	825	981

As at 31 December 2024	1,830	9,395	11,225

Net Book Value
As at 31 December 2024	466	2,473	2,939

As at 1 January 2024	622	3,298	3,920

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Oakdale Financial Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Listed
	£
Cost
As at 1 January 2024	101,392
Additions	35,153
Disposals	(119,300 )

As at 31 December 2024	17,245

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	17,245

As at 1 January 2024	101,392

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	35,852	39,450

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	52,286	58,180
Other taxes and social security	459	37
Amex Credit card	-	264
Accruals and deferred income	2,040	1,920
Director's loan account	3,505	25,419

	58,290	85,820

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

The nominal value per share is £1 and as at the year end, there are 100 Ordinary shares in issue.

10. Related Party Transactions

As at 31 December 2024, the Directors Loan Account balance of Mr Dipesh Shah is £3,505, which is a current liability, interest free and repayable on demand.

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