Company Registration No. 15980521 (England and Wales)
Indian Ace Oakleigh Limited
Unaudited accounts
for the period from 26 September 2024 to 29 September 2025
Indian Ace Oakleigh Limited
Unaudited accounts
Contents
Indian Ace Oakleigh Limited
Company Information
for the period from 26 September 2024 to 29 September 2025
Company Number
15980521 (England and Wales)
Registered Office
433 Oakleigh Road North
London
N20 0RU
United Kingdom
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
Southgate Office Village, Block E
286-A Chase Road
Southgate
London
N14 6HF
Indian Ace Oakleigh Limited
Statement of financial position
as at 29 September 2025
Cash at bank and in hand
4
Creditors: amounts falling due within one year
(26,188)
Net current liabilities
(22,586)
Profit and loss account
(2,209)
Shareholders' funds
(2,208)
For the period ending 29 September 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 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 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 and authorised for issue on 25 September 2026 and were signed on its behalf by
Imran Subhan
Director
Company Registration No. 15980521
Indian Ace Oakleigh Limited
Notes to the Accounts
for the period from 26 September 2024 to 29 September 2025
Indian Ace Oakleigh Limited is a private company, limited by shares, registered in England and Wales, registration number 15980521. The registered office is 433 Oakleigh Road North, London, N20 0RU, United Kingdom.
2
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 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.
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:
Fixtures & fittings
20% & Reducing Bal Method
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Indian Ace Oakleigh Limited
Notes to the Accounts
for the period from 26 September 2024 to 29 September 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 26 September 2024
-
-
-
Additions
12,490
9,860
22,350
At 29 September 2025
12,490
9,860
22,350
Charge for the period
-
1,972
1,972
At 29 September 2025
-
1,972
1,972
At 29 September 2025
12,490
7,888
20,378
Amounts falling due within one year
Accrued income and prepayments
2,742
Indian Ace Oakleigh Limited
Notes to the Accounts
for the period from 26 September 2024 to 29 September 2025
6
Creditors: amounts falling due within one year
2025
Loans from directors
24,088
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Transactions with related parties
At the balance sheet date, where the director held controlling interest, the company owed the director £24,088.
The company's ultimate controlling party is Mr Imran Subhan by virtue of his ownership of 100% of the issued share capital in the company.
10
Average number of employees
During the period the average number of employees was 1.