REGISTERED NUMBER: 08847390 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Oakmans Estate Agents Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N P Oakes

SECRETARY:

P A Evans

REGISTERED OFFICE:

2 Katie Road

Selly Oak

Birmingham

B29 6JG

REGISTERED NUMBER:

08847390 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Tangible assets

4

167,376

170,609

Investments

5

5

5

167,381

170,614

CURRENT ASSETS

Debtors

6

463,800

395,264

Cash at bank and in hand

770,983

270,341

1,234,783

665,605

CREDITORS

Amounts falling due within one year

7

682,065

328,051

NET CURRENT ASSETS

552,718

337,554

TOTAL ASSETS LESS CURRENT LIABILITIES

720,099

508,168

PROVISIONS FOR LIABILITIES

41,850

42,700

NET ASSETS

678,249

465,468

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

678,149

465,368

678,249

465,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:

N P Oakes - Director

1.	STATUTORY INFORMATION

Oakmans Estate Agents 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

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 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 68 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

238,665

103,955

342,620

Additions

15,394

33,640

49,034

At 31 March 2025

254,059

137,595

391,654

DEPRECIATION

At 1 April 2024

92,123

79,888

172,011

Charge for year

32,393

19,874

52,267

At 31 March 2025

124,516

99,762

224,278

NET BOOK VALUE

At 31 March 2025

129,543

37,833

167,376

At 31 March 2024

146,542

24,067

170,609

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

5

NET BOOK VALUE

At 31 March 2025

5

At 31 March 2024

5

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

158,888

67,875

Amounts owed by group undertakings

38,013

38,013

Other debtors

167,904

201,170

Prepayments and accrued income

98,995

88,206

463,800

395,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

47,931

52,410

Tax

139,750

-

Social security and other taxes

51,148

43,753

VAT

171,803

119,185

Other creditors

154,019

25,722

Accrued expenses

117,414

86,981

682,065

328,051

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

77,464

78,262

Between one and five years

58,666

92,844

136,130

171,106