Financial Statements

for the Year Ended 31 December 2024

for

Oakspear Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Pulze

F Zanellato

SECRETARY:

Mrs L Pulze

REGISTERED OFFICE:

C/o Williams & Co

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

01641714 (England and Wales)

ACCOUNTANTS:

Williams & Co

8/10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Investment property

4

8,891,920

8,891,920

CURRENT ASSETS

Debtors

5

23,358

13,548

Cash at bank and in hand

388,795

203,846

412,153

217,394

CREDITORS

Amounts falling due within one year

6

357,419

267,186

NET CURRENT ASSETS/(LIABILITIES)

54,734

(49,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,946,654

8,842,128

CREDITORS

Amounts falling due after more than one year

7

(8,774

)

(19,077

)

PROVISIONS FOR LIABILITIES

(1,385,995

)

(1,385,995

)

NET ASSETS

7,551,885

7,437,056

CAPITAL AND RESERVES

Called up share capital

8

160

160

Fair value reserve

9

5,134,971

5,134,971

Retained earnings

2,416,754

2,301,925

SHAREHOLDERS' FUNDS

7,551,885

7,437,056

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

C Pulze - Director

1.	STATUTORY INFORMATION

Oakspear 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable from the properties owned by the company.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

8,891,920

NET BOOK VALUE

At 31 December 2024

8,891,920

At 31 December 2023

8,891,920

The investment property was revalued on an open market basis by Directors during the year.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2004

2,222,935

Valuation in 2009

(95,000

)

Valuation in 2014

1,360,000

Valuation in 2016

1,800,000

Valuation in 2021

1,041,920

Cost

2,562,065

8,891,920

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

113

108

Other debtors

23,245

13,440

23,358

13,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,291

10,022

Trade creditors

18,921

14,675

Taxation and social security

143,105

101,918

Other creditors

185,102

140,571

357,419

267,186

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,774

19,077

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

160

Ordinary

£1.00

160

160

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

5,134,971

10.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party as the company is owned 50% by Brickline Properties Limited and 50% by Bau Development & Properties Limited. Both companies are incorporated in England & Wales.