Oakbridge Investments Limited Filleted accounts for Companies House (small and micro)

OAKBRIDGE INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02255755

OAKBRIDGE INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2020

OAKBRIDGE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 1 JULY 2019 TO 31 JANUARY 2020

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 3

OAKBRIDGE INVESTMENTS LIMITED

BALANCE SHEET

31 January 2020

	31 Jan 20	30 Jun 19
Note	£	£

Fixed assets

Intangible assets	4	4	4

Current assets

Debtors	5	1	1
Cash at bank and in hand		204	204
		------------	------------
		205	205
		------------	------------
Net current assets		205	205
		------------	------------
Total assets less current liabilities		209	209
		------------	------------

Capital and reserves

Called up share capital	6	1,000	1,000
Profit and loss account		( 791)	( 791)
		------------	------------
Shareholders funds		209	209
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the period ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 April 2020 , and are signed on behalf of the board by:

P T Johnson

Director

Company registration number: 02255755

OAKBRIDGE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 JULY 2019 TO 31 JANUARY 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankfield Mills, Moldgreen, Huddersfield, HD5 9BB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 July 2019 and 31 January 2020	55,004
	------------
Amortisation
At 1 July 2019 and 31 January 2020	55,000
	------------
Carrying amount
At 31 January 2020	4
	------------
At 30 June 2019	4
	------------

5. Debtors

	31 Jan 20	30 Jun 19
	£	£
Corporation tax repayable	1	1
	------------	------------

6. Called up share capital

Issued, called up and fully paid

	31 Jan 20		30 Jun 19
	No.	£	No.	£
A ordinary shares of £ 1 each	300	300	300	300
B ordinary shares of £ 1 each	700	700	700	700
	------------	------------	------------	------------
	1,000	1,000	1,000	1,000
	------------	------------	------------	------------

7. Ultimate controlling party

The company is a wholly-owned subsidiary of Trak-Rap Holdings Limited, a company registered in England, whose registered office address is Bankfield Mills, Moldgreen, Huddersfield, HD5 9BB. There is no one controlling party of this company.