Acorah Software Products - Accounts Production 19.1.200 false true false 14 August 2024 31 August 2025 31 August 2025 15896431 Mr Olalekan Idowu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15896431 2024-08-13 15896431 2025-08-31 15896431 2024-08-14 2025-08-31 15896431 frs-core:CurrentFinancialInstruments 2025-08-31 15896431 frs-core:ShareCapital 2025-08-31 15896431 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 15896431 frs-bus:PrivateLimitedCompanyLtd 2024-08-14 2025-08-31 15896431 frs-bus:FilletedAccounts 2024-08-14 2025-08-31 15896431 frs-bus:SmallEntities 2024-08-14 2025-08-31 15896431 frs-bus:AuditExempt-NoAccountantsReport 2024-08-14 2025-08-31 15896431 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-14 2025-08-31 15896431 frs-bus:Director1 2024-08-14 2025-08-31 15896431 frs-countries:EnglandWales 2024-08-14 2025-08-31
Registered number: 15896431
Oai Housing Limited
Unaudited Financial Statements
For the Period 14 August 2024 to 31 August 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15896431
31 August 2025
Notes £ £
FIXED ASSETS
Investment Properties 4 288,607
288,607
CURRENT ASSETS
Cash at bank and in hand 2,790
2,790
Creditors: Amounts Falling Due Within One Year 5 (304,964 )
NET CURRENT ASSETS (LIABILITIES) (302,174 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,567 )
NET LIABILITIES (13,567 )
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account (13,568 )
SHAREHOLDERS' FUNDS (13,567)
For the period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Olalekan Idowu
Director
24 April 2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oai Housing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15896431 . The registered office is 15 Barbrook Avenue, Heybridge, Maldon, CM9 4DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investment Property
31 August 2025
£
Fair Value
As at 14 August 2024 -
Additions 288,607
As at 31 August 2025 288,607
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 August 2025
£
Cost 288,607
5. Creditors: Amounts Falling Due Within One Year
31 August 2025
£
Bank loans and overdrafts 193,738
Other creditors 111,226
304,964
Page 2
Page 3
6. Share Capital
31 August 2025
£
Allotted, Called up and fully paid 1
7. Related Party Transactions
Included within other creditors is an amount of £77,000 due to Nextlevel Tech Consultancy Ltd, a company under the common control of Mr Olalekan Idowu. The balance is unsecured, interest-free and repayable on demand.
Page 3