Company Registration No. 03864703 (England and Wales)
Oakhill Independent Financial Services Limited
Unaudited accounts
for the year ended 31 October 2025
Oakhill Independent Financial Services Limited
Unaudited accounts
Contents
Oakhill Independent Financial Services Limited
Company Information
for the year ended 31 October 2025
Directors
Mr Carmine De Vivo
Mr Alberto De Vivo
Company Number
03864703 (England and Wales)
Registered Office
94 Kingsway
Woking
Surrey
GU21 6NR
United Kingdom
Oakhill Independent Financial Services Limited
Statement of financial position
as at 31 October 2025
Tangible assets
4,446
4,147
Cash at bank and in hand
187,702
68,508
Creditors: amounts falling due within one year
(223,979)
(174,901)
Net current assets/(liabilities)
40,620
(588)
Total assets less current liabilities
45,066
3,559
Provisions for liabilities
Deferred tax
(1,361)
(1,037)
Called up share capital
1,500
1,500
Profit and loss account
42,205
1,022
Shareholders' funds
43,705
2,522
For the year ending 31 October 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
Mr Alberto De Vivo
Director
Company Registration No. 03864703
Oakhill Independent Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2025
Oakhill Independent Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03864703. The registered office is 94 Kingsway, Woking, Surrey, GU21 6NR, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3 years straight line
Plant & machinery
20% reducing balance
Computer equipment
33% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Oakhill Independent Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's intangible fixed assets/tangible fixed assets/investments/inventories. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Intangible fixed assets
Goodwill
At 1 November 2024
310,000
At 31 October 2025
310,000
At 1 November 2024
310,000
At 31 October 2025
310,000
Oakhill Independent Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2025
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Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
11,828
27,820
30,018
69,666
At 31 October 2025
11,828
27,820
31,920
71,568
At 1 November 2024
11,828
24,725
28,966
65,519
Charge for the year
-
619
984
1,603
At 31 October 2025
11,828
25,344
29,950
67,122
At 31 October 2025
-
2,476
1,970
4,446
At 31 October 2024
-
3,095
1,052
4,147
Amounts falling due within one year
Trade debtors
70,305
83,002
Amounts due from group undertakings etc.
374
15,500
Accrued income and prepayments
6,218
6,331
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,834
15,833
Taxes and social security
145,346
107,182
Other creditors
59,029
48,304
Loans from directors
12,480
338
The company's ultimate controlling party is Oakhill Holdings Ltd by virtue of its ownership of 100% of the issued share capital in the company.
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Average number of employees
During the year the average number of employees was 14 (2024: 14).