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BRIAN OAKLEY LIMITED - Company Information

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Brian Oakley Ltd

Registered Number:01849763

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2023

Brian Oakley Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

01849763

As at 31 March 2023

Brian Oakley Ltd

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

327

490

7,500,000

7,350,000

Investment property

Financial assets

218,851

148,115

7,648,442

7,569,341

Current assets

Trade and other receivables

1,227,544

1,459,624

974,892

Cash and cash equivalents

980,824

2,440,448

2,202,436

Trade and other payables: amounts falling due within one

year

(464,310)

(459,469)

1,738,126

1,980,979

Net current assets

Total assets less current liabilities

9,629,421

9,307,467

Trade and other payables: amounts falling due after more

than one year

(996,000)

(940,320)

8,689,101

Net assets

8,311,467

Capital and reserves

Called up share capital

90,280

Fair value reserve

5,387,666

4,754,876

Retained earnings

3,211,155

3,466,311

8,689,101

8,311,467

Shareholders' funds

For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

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Registered Number :

01849763

For the year ended 31 March 2023

Brian Oakley Ltd

Statement of Financial Position Continued

Andrew Oakley Director

These financial statements were approved and authorised for issue by the Board on 06 June 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

Brian Oakley Ltd

Notes to the Financial Statements

Statutory Information

Brian Oakley Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number

01849763.

Registered address:

45 The Gardens

London

SE22 9QQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover represents rents receivable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

33% Reducing balance

Computer equipment

20% Reducing balance

Fixtures and fittings

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

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For the year ended 31 March 2023

Brian Oakley Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Computer

equipment

Cost or

valuation

At 01 April 2022

653

At 31 March 2023

653

Provision for depreciation and impairment

At 01 April 2022

163

Charge for year

163

At 31 March 2023

326

At 31 March 2023

Net book value

327

At 31 March 2022

490

3. Investment property

Total

Fair value

At 01 April 2022

7,350,000

Fair value adjustments

150,000

At 31 March 2023

7,500,000

Net book value

At 31 March 2023

7,500,000

At 31 March 2022

7,350,000

4. Investments held as fixed assets

Other investments

Total

At 01 April 2022

218,851

Cost

(70,736)

Revaluations

At 31 March 2023

148,115

At 31 March 2023

Net book value

148,115

At 01 April 2022

218,851

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For the year ended 31 March 2023

Brian Oakley Ltd

Notes to the Financial Statements Continued

5. Trade and other receivables

2022

2023

Trade debtors

193,055

186,492

Amounts owed by group undertakings and participating interests

1,045,817

936,000

Other debtors

220,752

105,052

1,227,544

1,459,624

The debtors above include the following amounts falling due after more than one year:

Amounts owed by group undertakings and participating interests

72,377

Other debtors

213,925

286,302

6. Trade and other payables: amounts falling due within one year

2022

2023

Bank loans and overdraft (secured)

48,000

Trade creditors

76,035

76,466

Taxation and social security

184,758

168,488

Other creditors

150,676

171,356

459,469

464,310

7. Trade and other payables: amounts falling due after more than one year

2022

2023

Bank loans and overdraft (secured)

940,320

996,000

8. Average number of persons employed

During the year the average number of employees was 1 (2022 : 1)

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