REGISTERED NUMBER: 02211313 (England and Wales)

OAKWELL SECURITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Austin

Mrs M M Austin

Mr M R Austin

SECRETARY:

Mr M R Austin

REGISTERED OFFICE:

Oakwell House

7 Butts Court

Leeds

LS1 5JS

REGISTERED NUMBER:

02211313 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Investment property

4

6,725,000

6,615,000

CURRENT ASSETS

Debtors

5

54,865

89,318

Prepayments and accrued income

2,043

16,479

Cash at bank

593,319

401,488

650,227

507,285

CREDITORS

Amounts falling due within one year

6

1,165,611

456,984

NET CURRENT (LIABILITIES)/ASSETS

(515,384

)

50,301

TOTAL ASSETS LESS CURRENT LIABILITIES

6,209,616

6,665,301

CREDITORS

Amounts falling due after more than one year

7

(1,397,500

)

(2,207,500

)

PROVISIONS FOR LIABILITIES

(203,500

)

(188,500

)

ACCRUALS AND DEFERRED INCOME

(110,408

)

(154,676

)

NET ASSETS

4,498,208

4,114,625

CAPITAL AND RESERVES

Called up share capital

5,100

5,100

Non-distributable reserves

9

1,611,800

1,705,300

Retained earnings

9

2,881,308

2,404,225

SHAREHOLDERS' FUNDS

4,498,208

4,114,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

Mr R Austin - Director

1.	STATUTORY INFORMATION

Oakwell Securities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable net of value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with SSAP 19 investment properties are revalued regularly to open market value and no depreciation is provided. The directors consider that this accounting policy results in the financial statements giving a true and fair view. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the directors, would be misleading.

The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

6,615,000

Revaluations

110,000

At 30 April 2025

6,725,000

NET BOOK VALUE

At 30 April 2025

6,725,000

At 30 April 2024

6,615,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 1999

247,875

Valuation in 2003

58,500

Valuation in 2007

100,000

Valuation in 2015

230,000

Valuation in 2017

276,915

Valuation in 2021

255,000

Valuation in 2022

299,836

Valuation in 2023

(409,239

)

Valuation in 2024

410,000

Valuation in 2025

110,000

Cost

5,146,113

6,725,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

5,146,113

5,146,113

The company's investment properties were subject to a full revaluation on 30 April 2025 by a related party, Robert Austin of Robert Austin & Co, Chartered Surveyors, on an open market basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,294

48,998

Other debtors

30,571

40,320

54,865

89,318

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

810,000

60,000

Trade creditors

1,024

46,539

Corporation tax

84,564

81,621

VAT

23,982

22,783

Other creditors

600

600

Directors' current accounts

245,441

245,441

1,165,611

456,984

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1 to 5 years

1,027,500

1,387,500

Bank loans - over 5 years

-

22,500

Bank loans more 5 yrs non-inst

370,000

797,500

1,397,500

2,207,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

370,000

797,500

Repayable by instalments

Bank loans - over 5 years

-

22,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,207,500

2,267,500

The bank loans are secured by first legal charges over various properties owned by the company.

9.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

£

£

At 1 May 2024

2,404,225

1,705,300

4,109,525

Profit for the year

403,583

403,583

Dividends

(20,000

)

(20,000

)

Revaluation of properties

(110,000

)

110,000

-

Deferred tax

203,500

(203,500

)

-

At 30 April 2025

2,881,308

1,611,800

4,493,108