Oasis Umbrella Ltd

Registered number

08617968

Oasis Umbrella Ltd

Annual Report and Financial Statements

For the year ended 31 March 2025

Oasis Umbrella Ltd
Report and accounts
Contents




Page

Company information	1
Directors' report	2-3
Strategic report	4
Independent auditor's report	5-7
Income statement	8
Statement of comprehensive income	9
Statement of financial position	10
Statement of changes in equity	11
Statement of cash flows	12
Notes to the financial statements	13-16

Oasis Umbrella Ltd

Company Information

Directors

Mr Shankar Devarashetty

Mr Daniel Harry (Appointed on 15 September 2025)

Auditors

Makesworth Audit Services Ltd

Unit 101

First Floor, Cervantes House

5-9 Headstone Road

Harrow

HA1 1PD

Registered office

Office Gold Building 7, Chiswick Business Park

566 Chiswick High Road

London

W4 5YG

Registered number

08617968

Oasis Umbrella Ltd
Registered number:		08617968
Directors' Report

The directors present their report and financial statements for the year ended 31 March 2025.

Principal activities
The company's principal activity continued to be that of providing flexible PAYE solutions to contractors and freelancers.

Directors
The following persons served as directors during the year:

	Mr Shankar Devarashetty
	Mr Daniel Harry (Appointed on 15 September 2025)

Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Auditors
The auditors, Makesworth Audit Services Ltd, are deemed to be reappointed under section 487 (2) of the Companies Act 2006.


This report was approved by the board on 29 December 2025 and signed on its behalf.



Mr Shankar Devarashetty
Director

Oasis Umbrella Ltd
Strategic Report

The directors present the strategic report for the year ended 31 March 2025. Review of the business The company's financial statements show a profit before taxation of £24,312 (2024: £54,311). The shareholders' funds total £147,196 (2024: £278,758). The company earned a revenue of £12,186,488 (2024: £14,547,223). The directors consider the results achieved to be satisfactory given the difficult trading conditions and high competition in the industry. Principal risks and uncertainties Business risk - the company's fees are largely influenced by employment market conditions and changes to employment and tax legislation, which drive aggressive pricing within the sector. The principal risks to the company include a reduction in demand for external outsourced employees and the potential loss of large clients. This year, turnover decreased mainly due to a reduction in contractors compared to the previous year. Since the company hires contractors to work for each client and includes contractors' wages in the cost of sales, fluctuations in contractor demand directly impact turnover and cost of sales. The company manages the risk of client loss by maintaining strong, long-term relationships with its customers and targeted marketing to generate new business. Regulatory risk - the company operates in a heavily regulated industry that experiences ongoing change. The company maintains procedures and controls to ensure compliance with all relevant laws and regulations by way of continued regulatory reviews and updates.
Financial, operational and management information systems - the company is reliant on effective software for the efficient operation and control of the business. A failure in its systems could result in a loss of key information and have an adverse impact on the company operations. The company adopts a regular assessment of all information systems to ensure controls are in place to minimise any failure in their operation.

Key performance indicators Rather than rely on key performance indicators the directors use monthly management accounts to monitor the business's progress to plan future development.
This report was approved by the board on 29 December 2025 and signed on its behalf.



Mr Shankar Devarashetty
Director

Oasis Umbrella Ltd
Independent auditor's report
to the member of Oasis Umbrella Ltd

Opinion

We have audited the financial statements of Oasis Umbrella Ltd (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We have considered the nature of the company's industry and its control environment, and reviewed the company's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks and irregularities.

We obtained an understanding of the legal and regulatory framework that the company operates in, and identified the key laws and regulations that:

- had a direct effect on the determination of material amounts and disclosures in the financial statements. These included UK Companies Act, tax legislation, pension legislation etc; and

- do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making the accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

- reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud: and - enquiring of management and external legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations A further description of our responsibilities for the audit of the accounts is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.


Indra Raj Giri ACA, FCCA
(Senior Statutory Auditor)		Unit 101
for and on behalf of		First Floor, Cervantes House
Makesworth Audit Services Ltd		5-9 Headstone Road
Statutory Auditor		Harrow
29 December 2025		HA1 1PD

Oasis Umbrella Ltd
Income Statement
for the year ended 31 March 2025


Notes		2025		2024
£			£

Turnover	2	12,186,488		14,547,223

Cost of sales		(12,060,488)		(14,375,850)

Gross profit		126,000		171,373

Administrative expenses		(181,669)		(114,076)
Other operating income		904		(4,203)

Operating (loss)/profit	3	(54,765)		53,094

Interest receivable		80,204		2,509
Interest payable	5	(1,127)		(1,292)

Profit on ordinary activities before taxation		24,312		54,311

Tax on profit on ordinary activities	6	(5,974)		(13,578)

Profit for the financial year		18,338		40,733

Oasis Umbrella Ltd
Statement of Comprehensive Income
for the year ended 31 March 2025


Notes	2025		2024
£		£

Profit for the financial year	18,338		40,733

Other comprehensive income	-		-

Total comprehensive income for the year	18,338		40,733

Oasis Umbrella Ltd
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Debtors	7	1,074,710			998,860
Cash at bank and in hand		19,858			251,010
		1,094,568			1,249,870

Creditors: amounts falling due within one year	8	(947,372)			(959,445)

Net current assets			147,196			290,425

Total assets less current liabilities			147,196			290,425

Creditors: amounts falling due after more than one year	9		-			(11,667)

Net assets			147,196			278,758

Capital and reserves
Called up share capital	10		100			100,000
Profit and loss account	11		147,096			178,758

Total equity			147,196			278,758




Mr Shankar Devarashetty
Director
Approved by the board on 29 December 2025

Oasis Umbrella Ltd
Statement of Changes in Equity
for the year ended 31 March 2025

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 April 2023	100,000		-		-		138,025		238,025

Profit for the financial year							40,733		40,733


At 31 March 2024	100,000		-		-		178,758		278,758



At 1 April 2024	100,000		-		-		178,758		278,758

Profit for the financial year							18,338		18,338

Dividends							(50,000)		(50,000)
Shares redeemed	(99,900)								(99,900)

At 31 March 2025	100		-		-		147,096		147,196

Oasis Umbrella Ltd
Statement of Cash Flows
for the year ended 31 March 2025

Notes	2025		2024
£		£
Operating activities
Profit for the financial year	18,338		40,733

Adjustments for:
Interest receivable	(80,204)		(2,509)
Interest payable	1,127		1,292
Tax on profit on ordinary activities	5,974		13,578
(Increase)/decrease in debtors	(75,850)		359,519
Decrease in creditors	(6,136)		(746,256)
	(136,751)		(333,643)

Interest received	80,204		2,509
Interest paid	(1,127)		(1,292)
Corporation tax paid	(13,578)		(17,709)

Cash used in operating activities	(71,252)		(350,135)

Financing activities
Equity dividends paid	(50,000)		-
Payments to redeem shares	(99,900)		-
Repayment of loans	(10,000)		-

Cash used in financing activities	(159,900)		-

Net cash used
Cash used in operating activities	(71,252)		(350,135)
Cash used in financing activities	(159,900)		-

Net cash used	(231,152)		(350,135)

Cash and cash equivalents at 1 April	251,010		601,145
Cash and cash equivalents at 31 March	19,858		251,010

Cash and cash equivalents comprise:
Cash at bank	19,858		251,010

Oasis Umbrella Ltd
Notes to the Accounts
for the year ended 31 March 2025

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements 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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Analysis of turnover					2025		2024
£							£

	Services rendered					12,186,488		14,547,223

	By geographical market:

	UK					12,131,545		14,399,285
	Europe					-		107,440
	Rest of the world					54,943		40,498
						12,186,488		14,547,223


3	Operating profit					2025		2024
£							£
	This is stated after charging:

	Auditors' remuneration for audit services					2,500		2,500


4	Staff costs					2025		2024
£							£

	Wages and salaries					96,070		72,267
	Social security costs					8,660		6,207
	Other pension costs					-		-
						104,730		78,474


	Average number of employees during the year					Number	Number

	Administration					4		3
	Contractors					138		170
						142		173


5	Interest payable					2025		2024
£							£

	Bank loans and overdrafts					1,127		1,292


6	Taxation					2025		2024
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					5,974		13,578


	Tax on profit on ordinary activities					5,974		13,578


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2025		2024
£							£
	Profit on ordinary activities before tax					24,312		54,311

	Standard rate of corporation tax in the UK					24.57%		25%



£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					5,974		13,578

	Current tax charge for period					5,974		13,578



7	Debtors					2025		2024
£							£

	Trade debtors					367,589		327,798
	Other loans					574,550		551,000
	Prepayment and accrued income					131,788		20,162
	Other debtors					783		99,900
						1,074,710		998,860


8	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					50,423		6,826
	Bank loan					-		10,000
	VAT					216,390		323,971
	PAYE and social security costs					270,912		331,975
	Corporation tax					5,974		13,578
	Other creditors					403,673		273,095
						947,372		959,445


9	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loan					-		11,667

10	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100,000


11	Profit and loss account					2025		2024
£							£

	At 1 April					178,758		138,025
	Profit for the financial year					18,338		40,733
	Dividends					(50,000)		-

	At 31 March					147,096		178,758


12	Dividends					2025		2024
£							£

	Dividends on ordinary shares (note 11)					50,000		-

13	Events after the reporting date

	On 19 September 2025, Inca capital Limited acquired 67% of the shareholding of Oasis Umbrella Ltd. As a result, Mr. Shankar Devarashetty's holding was reduced from 100% to 33%.

14	Related party transactions

	Included within trade creditors is an amount of £25,500 (2024: £Nil) payable to Oasis Accountants Limited. Mr. Shankar Devarashetty is a common shareholder and director in both companies. During the year, the company received loan from Oasis Accountants Limited of amount £100,000 (2024: £Nil).The loan is interest free and is repayable on demand.

15	Controlling party

	The ultimate controlling interest throughout the year ended 31 March 2025 was held by Mr. Shankar Devarashetty who was the sole director and 100% shareholder of the company.

16	Presentation currency

	The financial statements are presented in Sterling.

17	Legal form of entity and country of incorporation

	Oasis Umbrella Ltd is a private company limited by shares and incorporated in England.

18	Principal place of business

	The address of the company's principal place of business and registered office is:

	Office Gold Building 7, Chiswick Business Park
	566 Chiswick High Road
	London
	W4 5YG