Company registration number 09962215 (England and Wales)
OKLM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
OKLM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
OKLM LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
146
Investments
4
410,545
410,645
410,545
410,791
Current assets
Debtors
5
320
10,462
Cash at bank and in hand
567,145
783,093
567,465
793,555
Creditors: amounts falling due within one year
6
(11,922)
-
Net current assets
555,543
793,555
Net assets
966,088
1,204,346
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
965,988
1,204,246
Total equity
966,088
1,204,346
For the financial year ended 31 January 2025 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 8 October 2025
M. KANUN
Director
Company registration number 09962215 (England and Wales)
OKLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information
OKLM LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 23 Copenhagen Street, London, N1 OJB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33 %
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.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.3
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.
1.4
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
OKLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 and 31 January 2025
877
Depreciation and impairment
At 1 February 2024
731
Depreciation charged in the year
146
At 31 January 2025
877
Carrying amount
At 31 January 2025
At 31 January 2024
146
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
215,050
215,050
Loans to group undertakings and participating interests
195,495
195,595
410,545
410,645
OKLM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in associates
Loans to associates
Total
£
£
£
Cost or valuation
At 1 February 2024
215,050
195,595
410,645
Repayment
-
(100)
(100)
At 31 January 2025
215,050
195,495
410,545
Carrying amount
At 31 January 2025
215,050
195,495
410,545
At 31 January 2024
215,050
195,595
410,645
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
220
10,462
Other debtors
100
320
10,462
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
11,922
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
8
Parent company
The controlling party is Mr. M. KANUN, by vertue of his shareholding.