1OOAK LTD


Director	SALAWU, Naomi Kahdijat


Registered Address	30 Elizabeth Fry Place
	London
	SE18 4LA


Registered Number	15144847 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		799		-
			799		-
Current assets
Debtors		189		78
Cash at bank and on hand		107		-
		296		78
Creditors amounts falling due within one year		(6,698)		(2,988)
Net current assets (liabilities)			(6,402)		(2,910)
Total assets less current liabilities			(5,603)		(2,910)
Net assets			(5,603)		(2,910)
Capital and reserves
Profit and loss account			(5,603)		(2,910)
Shareholders' funds			(5,603)		(2,910)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 1 October 2025, and are signed on its behalf by:

SALAWU, Naomi Kahdijat
Director
Registered Company No. 15144847

1OOAK LTD

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	Additions	899
	At 30 September 25	899
	Depreciation and impairment
	Charge for year	100
	At 30 September 25	100
	Net book value
	At 30 September 25	799
	At 30 September 24	-

4.	Share capital
	Called up share capital Allotted, called up and fully paid: 1 ordinary share of £0.01 each £0.01 The 1 ordinary share was issued during the prior financial year and is included in the balances at the year end. No other share capital was issued during the period.

5.	Related party transactions
	The company owes a sum of £6,398.39 to a director, under the Directors’ Loan Account. This balance is classified as a creditor. The loan is repayable on demand, but it is not intended to be repaid unless cashflow permits. No obligation to repay within a fixed period. No interest is charged on this loan. No other related party transactions or balances require disclosure.