OWEN OAKLEY PROPERTY LTD


Director	OAKLEY, Owen Charles


Registered Address	124 Loushers Lane
	Warrington
	WA4 2RD


Registered Number	15657426 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025
		£	£
Fixed assets
Investment property	4		48,484
			48,484
Creditors amounts falling due within one year	5	(64,306)
Net current assets (liabilities)			(64,306)
Total assets less current liabilities			(15,822)
Net assets			(15,822)
Capital and reserves
Called up share capital			1
Profit and loss account			(15,823)
Shareholders' funds			(15,822)

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 financial statements were approved and authorised for issue by the Director on 31 October 2025, and are signed on its behalf by:

OAKLEY, Owen Charles
Director
Registered Company No. 15657426

OWEN OAKLEY PROPERTY LTD

Notes to the Financial Statements
for the period ended 31 March 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

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. Valuation of investment property The company is in the process of developing a property that will be held to earn rental income and for capital appreciation. Management has exercised judgement in determining which costs are directly attributable to bringing the property to the condition necessary for its intended use. At the reporting date, the property under construction is carried at cost. Management does not consider there to be any indicators of impairment. On completion, the property will be transferred to investment property and will be measured at fair value in accordance with FRS 102 Section 16. The fair value will be determined by an independent valuer. Until that time, any estimation uncertainty relates primarily to the total cost to complete and potential fluctuations in market values at completion.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

Valuation of investment property
The company is in the process of developing a property that will be held to earn rental income and for capital appreciation. Management has exercised judgement in determining which costs are directly attributable to bringing the property to the condition necessary for its intended use.

At the reporting date, the property under construction is carried at cost. Management does not consider there to be any indicators of impairment.

On completion, the property will be transferred to investment property and will be measured at fair value in accordance with FRS 102 Section 16. The fair value will be determined by an independent valuer. Until that time, any estimation uncertainty relates primarily to the total cost to complete and potential fluctuations in market values at completion.

	Turnover policy
	Turnover comprises the fair value of the consideration received or receivable from the rental of investment properties in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The Company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities

Turnover policy

Turnover comprises the fair value of the consideration received or receivable from the rental of investment properties in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the Company's activities

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.
Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is
recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property under construction represents expenditure directly attributable to bringing an asset to the condition necessary for it to be capable of operating in the manner intended by management. No depreciation is charged on assets under construction. Upon completion, the property will be reclassified as investment property and measured at fair value in accordance with FRS 102 Section 16.

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost.

Property under construction represents expenditure directly attributable to bringing an asset to the condition necessary for it to be capable of operating in the manner intended by management. No depreciation is charged on assets under construction.

Upon completion, the property will be reclassified as investment property and measured at fair value in accordance with FRS 102 Section 16.

	Investment property
	The investment property is accounted for under FRS 102 Section 16 Investment Property. Investment property is initially recognised at cost. The company’s current property is under construction and is therefore carried at cost within tangible fixed assets until development is complete. Upon completion, the property will be transferred to investment property and subsequently measured at fair value at each balance sheet date, with fair value gains and losses recognised in profit or loss.

Investment property

The investment property is accounted for under FRS 102 Section 16 Investment Property.

Investment property is initially recognised at cost. The company’s current property is under construction and is therefore carried at cost within tangible fixed assets until development is complete.

Upon completion, the property will be transferred to investment property and subsequently measured at fair value at each balance sheet date, with fair value gains and losses recognised in profit or loss.

2.	Average number of employees


		2025
	Average number of employees during the year	0

3.	Tangible fixed assets

4.	Investment property


		£
	Additions	48,484
	At 31 March 25	48,484

5.	Creditors: amounts due within one year

		2025
		£
	Other creditors	64,306
	Total	64,306

6.	Related party transactions
	During the year, O Oakley (director and shareholder) advanced funds to the company to enable the purchase and development of an investment property and to meet general running costs. At the year end, the balance owed to the director was £64,307 (2024: £nil). The loan is interest-free, unsecured, and repayable on demand. No other transactions with related parties occurred during the year.