Company registration number 05566505 (England and Wales)
OAKAPPLE COMMERCIAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
OAKAPPLE COMMERCIAL LIMITED
COMPANY INFORMATION
Director
P J Taylor
Company number
05566505
Registered office
1 Worsley Court
High Street
Worsley
Manchester
M28 3NJ
OAKAPPLE COMMERCIAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
OAKAPPLE COMMERCIAL LIMITED
BALANCE SHEET
AS AT
24 AUGUST 2025
24 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
4
407,798
910,000
Investments
5
-
0
2
407,798
910,002
Current assets
Debtors
6
125,405
43,328
Cash at bank and in hand
33,217
4,515
158,622
47,843
Creditors: amounts falling due within one year
7
(34,649)
(88,409)
Net current assets/(liabilities)
123,973
(40,566)
Total assets less current liabilities
531,771
869,436
Creditors: amounts falling due after more than one year
8
(276,563)
(667,705)
Net assets
255,208
201,731
Capital and reserves
Called up share capital
10
6
6
Profit and loss reserves
255,202
201,725
Total equity
255,208
201,731

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Year ended 24 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 May 2026
P J Taylor
Director
Company Registration No. 05566505
OAKAPPLE COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Oakapple Commercial Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Worsley Court, High Street, Worsley, Manchester, M28 3NJ.

1.1
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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Reporting period

In the previous period, the Company changed its accounting reference date to 24 August 2022 preparing accounts for an 18 month period.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

Turnover represents rentals received on the company's properties.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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.

OAKAPPLE COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

Work in progress is valued at the lower of direct costs incurred in respect of properties under development and net realisable value.

1.6
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.

1.7
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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

OAKAPPLE COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 AUGUST 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

3
Employees

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

2025
2024
Number
Number
Total
2
2
4
Investment property
2025
£
Fair value
At 25 August 2024
910,000
Disposals
(502,202)
At 24 August 2025
407,798

Investment property comprises of land and buildings known as 2-10 Market Square, Shipley. The fair value of the investment property has been arrived at by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties as at 24 August 2025.

5
Fixed asset investments
2025
2024
£
£
Investment in subsidiaries
-
2

OAKAPPLE COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 AUGUST 2025
5
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 25 August 2024
2
Amounts written off investments
(2)
At 24 August 2025
-
Carrying amount
At 24 August 2025
-
At 24 August 2024
2
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
21,052
24,136
Other debtors
104,353
19,192
125,405
43,328
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9
6,234
5,736
Trade creditors
19,649
18,083
Taxation and social security
671
5,478
Other creditors
8,095
57,829
Accruals and deferred income
-
0
1,283
34,649
88,409

8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
9
276,563
667,705
OAKAPPLE COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 AUGUST 2025
- 6 -
9
Loans and overdrafts
2025
2024
£
£
Bank loans
282,797
673,441
Payable within one year
6,234
5,736
Payable after one year
276,563
667,705

Bank loans are secured by way of fixed and floating charges over the properties and land owned by the company and it's subsidiary undertakings.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
6
6
6
6
OAKAPPLE COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 24 AUGUST 2025
- 7 -
11
Related party transactions

By virtue of common directorships and shareholdings Oakapple Primary Care Properties (Fleetwood) Limited, Oakapple Sweet Street Limited, Oakapple Homes (Scarborough) Limited, Oakapple Homes (Rainton) Limited and Oakapple Marsh Lane Limited are related parties.

During the year, the following transactions took place:

At the period end, a balance of £104,353 (20 24: £19,192) was due from other related parties.

At the period end, a balance of £8,095 (20 24: £52,429) was due to other related parties.

T he above loans are repayable on demand.

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