Company registration number 02645556 (England and Wales)
OAK TAVERNS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
OAK TAVERNS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
OAK TAVERNS LIMITED
BALANCE SHEET
AS AT
27 SEPTEMBER 2025
27 September 2025
- 1 -
27 September 2025
28 September 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
207,657
-
0
Tangible assets
5
5,895,665
4,337,024
Investments
6
100
100
6,103,422
4,337,124
Current assets
Stocks
173,657
140,498
Debtors
7
159,306
863,939
Cash at bank and in hand
864,357
1,494,203
1,197,320
2,498,640
Creditors: amounts falling due within one year
8
(1,140,214)
(1,125,019)
Net current assets
57,106
1,373,621
Total assets less current liabilities
6,160,528
5,710,745
Creditors: amounts falling due after more than one year
9
(3,019,612)
(3,050,672)
Provisions for liabilities
(27,548)
(32,296)
Net assets
3,113,368
2,627,777
Capital and reserves
Called up share capital
5,300
5,300
Profit and loss reserves
3,108,068
2,622,477
Total equity
3,113,368
2,627,777
OAK TAVERNS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
27 SEPTEMBER 2025
27 September 2025
- 2 -

For the financial period ended 27 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 February 2026 and are signed on its behalf by:
D Collinson
Director
Company registration number 02645556 (England and Wales)
OAK TAVERNS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 27 SEPTEMBER 2025
27 September 2025
- 3 -
1
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 amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Oak Taverns Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8a Buttermarket, Thame, Oxfordshire, OX9 3EW.

2.1
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 a mounts 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.

2.2
Reporting period

The financial statements report for a period less than a year, this is due to the choice of the directors to report to a end date on a Saturday each year.

2.3
Turnover

Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

2.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

2.5
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.

OAK TAVERNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 27 SEPTEMBER 2025
2
Accounting policies
(Continued)
- 4 -

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:

Freehold property
over 50 years
Freehold and leasehold improvements
over 10 years
Office equipment
20% straight line basis
Fixtures, fittings & equipment
20% straight line basis
Motor vehicles
25% straight line basis

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.

2.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

2.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

OAK TAVERNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 SEPTEMBER 2025
2
Accounting policies
(Continued)
- 5 -
2.8
Stocks

Stocks are stated at the lower of cost and estimated selling price.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.9
Cash at bank and in hand

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.

2.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

OAK TAVERNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 SEPTEMBER 2025
2
Accounting policies
(Continued)
- 6 -
2.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
19
19
4
Intangible fixed assets
Goodwill
£
Cost
At 29 September 2024
-
0
Additions
214,817
At 27 September 2025
214,817
Amortisation and impairment
At 29 September 2024
-
0
Amortisation charged for the period
7,160
At 27 September 2025
7,160
Carrying amount
At 27 September 2025
207,657
At 28 September 2024
-
0
OAK TAVERNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 SEPTEMBER 2025
- 7 -
5
Tangible fixed assets
Freehold property
Freehold and leasehold improvements
Office equipment
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 29 September 2024
4,352,839
482,346
26,435
422,312
16,585
5,300,517
Additions
1,653,689
-
0
-
0
73,754
-
0
1,727,443
At 27 September 2025
6,006,528
482,346
26,435
496,066
16,585
7,027,960
Depreciation and impairment
At 29 September 2024
383,085
199,804
26,435
337,584
16,585
963,493
Depreciation charged in the period
95,700
40,573
-
0
32,529
-
0
168,802
At 27 September 2025
478,785
240,377
26,435
370,113
16,585
1,132,295
Carrying amount
At 27 September 2025
5,527,743
241,969
-
0
125,953
-
0
5,895,665
At 28 September 2024
3,969,754
282,542
-
0
84,728
-
0
4,337,024

Included in cost of freehold properties is freehold land of £520,000 (2024 - £400,000) which is not depreciated.

6
Fixed asset investments
2025
2024
£
£
Other investments other than loans
100
100
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,871
27,494
Other debtors
90,425
139,342
94,296
166,836
OAK TAVERNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 27 SEPTEMBER 2025
7
Debtors
(Continued)
- 8 -
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
65,010
697,103
Total debtors
159,306
863,939
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
234,634
249,606
Trade creditors
373,525
298,183
Taxation and social security
391,945
347,550
Other creditors
5,294
8,102
Accruals
134,816
221,578
1,140,214
1,125,019

The bank loan is secured by way of various fixed charges over all freehold properties.

9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,019,612
3,050,672
10
Directors' transactions

Loans are in place with directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
2.25
654,843
1,691
6,597
(615,674)
47,457
654,843
1,691
6,597
(615,674)
47,457
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