Company No: 07152521 (England and Wales)

Contents

• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakshade Properties Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Oakshade Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakshade Properties Limited. You consider that Oakshade Properties Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakshade Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Oakshade Properties Limited, as a body, in accordance with the terms of our engagement letter dated 06 December 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Oakshade Properties Limited and state those matters that we have agreed to state to the Board of Directors of Oakshade Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakshade Properties Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Accountant

Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU

01 October 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,572		4,383
Investment property	4	1,400,000		1,400,000
		1,401,572		1,404,383
Current assets
Debtors	5	88,819		69,303
Cash at bank and in hand		114,694		107,139
		203,513		176,442
Creditors: amounts falling due within one year	6	( 469,031)		( 459,569)
Net current liabilities		(265,518)		(283,127)
Total assets less current liabilities		1,136,054		1,121,256
Provision for liabilities		( 15,845)		( 16,547)
Net assets		1,120,209		1,104,709
Capital and reserves
Called-up share capital	7	350		350
Share premium account		349,950		349,950
Profit and loss account		769,909		754,409
Total shareholders' funds		1,120,209		1,104,709

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Oakshade Properties Limited (registered number: 07152521) were approved and authorised for issue by the Board of Directors on 01 October 2025. They were signed on its behalf by:

Mr J G Harrison Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Oakshade Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU, United Kingdom. The principal place of business is The Nevendon Centre, Honeywood Road, Basildon, Essex, SS14 3DS.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	21,065		4,104		25,169
At 31 March 2025	21,065		4,104		25,169
Accumulated depreciation
At 01 April 2024	17,465		3,321		20,786
Charge for the financial year	2,242		569		2,811
At 31 March 2025	19,707		3,890		23,597
Net book value
At 31 March 2025	1,358		214		1,572
At 31 March 2024	3,600		783		4,383

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,400,000
As at 31 March 2025	1,400,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

	2025		2024
	£		£
Trade debtors	73,623		55,176
Prepayments	15,196		14,127
	88,819		69,303

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,341		1,658
Amounts owed to directors	320,948		310,721
Accruals and deferred income	47,147		62,735
Corporation tax	30,563		20,840
Other taxation and social security	51,385		47,968
Other creditors	15,647		15,647
	469,031		459,569

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
150 Ordinary A shares of £ 1.00 each	150		150
100 Ordinary B shares of £ 1.00 each	100		100
100 Ordinary C shares of £ 1.00 each	100		100
	350		350

8. Related party transactions

All directors' remuneration paid by the company was done so under normal market conditions.

Included within the creditors are combined balances owing to the company's directors, in the sum
£120,948 (2024: £110,721).