Oakham Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00749079 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2019

for

Oakham Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M E Beardsley

I J Whitehorn

SECRETARY:

I J Whitehorn

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

00749079 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Investment property

4

400,000

250,000

CURRENT ASSETS

Debtors

5

2,118

2,369

Cash at bank

84,210

110,304

86,328

112,673

CREDITORS

Amounts falling due within one year

6

2,136

16,372

NET CURRENT ASSETS

84,192

96,301

TOTAL ASSETS LESS CURRENT LIABILITIES

484,192

346,301

CAPITAL AND RESERVES

Called up share capital

13,000

13,000

Revaluation reserve

7

385,500

235,500

Retained earnings

85,692

97,801

SHAREHOLDERS' FUNDS

484,192

346,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 on 10 November 2019 and were signed on its behalf by:

I J Whitehorn - Director

Mrs M E Beardsley - Director

1.	STATUTORY INFORMATION

Oakham Investments 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

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

250,000

Revaluations

150,000

At 30 April 2019

400,000

NET BOOK VALUE

At 30 April 2019

400,000

At 30 April 2018

250,000

Fair value at 30 April 2019 is represented by:

£

Valuation in 2006

150,000

Valuation in 2007

100,000

Valuation in 2019

150,000

400,000

If the freehold properties had not been revalued they would have been included at the following

historical cost:

2019

2018

£

£

Cost

14,500

14,500

The properties were valued on an open market basis on 30 April 2019 by the directors .

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Prepayments

1,421

1,373

Amounts falling due after more than one year:

Trade debtors

697

996

Aggregate amounts

2,118

2,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

(2,786

)

11,491

Directors' current accounts

960

773

Accrued expenses

3,962

4,108

2,136

16,372

7.

RESERVES

Revaluation

reserve

£

At 1 May 2018

235,500

Revaluation gain

150,000

At 30 April 2019

385,500

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M E Beardsley.