Oakmount (UK) Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Oakmount (UK) Ltd

(Registration number: 07323553)
Statement of Financial Position as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,078	1,884
Investment property	5	3,000,000	3,000,000
Debtors	6	1,605,016	2,150,012
		4,607,094	5,151,896
Current assets
Debtors	6	369,996	258,208
Cash at bank and in hand		973,673	809,715
		1,343,669	1,067,923
Creditors: Amounts falling due within one year	7	(133,191)	(137,141)
Net current assets		1,210,478	930,782
Total assets less current liabilities		5,817,572	6,082,678
Creditors: Amounts falling due after more than one year	7	(73,599)	(202,491)
Provisions for liabilities		(39,918)	(5,472)
Net assets		5,704,055	5,874,715
Capital and reserves
Called up share capital		100	100
Revaluation reserve		73,865	108,311
Profit and loss account		5,630,090	5,766,304
Shareholders' funds		5,704,055	5,874,715

Oakmount (UK) Ltd

(Registration number: 07323553)
Statement of Financial Position as at 30 June 2025 (continued)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 30 November 2025 and signed on its behalf by:
 

Mr P Partridge Director

Oakmount (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of a property investment company.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of rental income receivable in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Oakmount (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fittings, fixtures and equipment	15% reducing balance
Office equipment	20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Oakmount (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Oakmount (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 July 2024	4,994	-	4,994
Additions	-	597	597
At 30 June 2025	4,994	597	5,591
Depreciation
At 1 July 2024	3,110	-	3,110
Charge for the year	283	120	403
At 30 June 2025	3,393	120	3,513
Carrying amount
At 30 June 2025	1,601	477	2,078
At 30 June 2024	1,884	-	1,884

5	Investment properties

	2025 £
At 1 July	3,000,000
At 30 June	3,000,000

The investment properties have been valued by the directors.

6

Debtors

Current	2025 £	2024 £
Other debtors	369,996	258,208
	369,996	258,208

Non-current	2025 £	2024 £
Other debtors	1,605,016	2,150,012
	1,605,016	2,150,012

Page 6

 

Oakmount (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	9	15,500	12,000
Trade creditors		-	44
Taxation and social security		11,309	8,822
Accruals and deferred income		1,155	1,085
Other creditors		105,227	115,190
		133,191	137,141

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	9	73,599	202,491

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income were as follows:

	Revaluation reserve £	Total £	2024 £
Surplus on investment property	73,865	73,865	108,311

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Page 7

 

Oakmount (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	73,599	202,491

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	15,500	12,000

Bank borrowings are secured.

10	Related party transactions

Transactions with directors

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Directors	(115,190)	183,963	(174,000)	(105,227)

2024	At 1 July 2023 £	Advances to director £	Repayments by director £	At 30 June 2024 £
Directors	(85,376)	70,186	(100,000)	(115,190)

Page 8