Company No: 08091877 (England and Wales)

Contents

• Company Information
• Accountant's Report
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTORS	P W Marshall
	N D A Sims
SECRETARY	P W Marshall
REGISTERED OFFICE	C/O Bishop Fleming LLP
	10 Temple Back
	Bristol
	BS1 6FL
	United Kingdom
COMPANY NUMBER	08091877(England and Wales)
CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	10 Temple Back
	Bristol
	BS1 6FL

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakwood Media Holdco Limited for the financial year ended 30 April 2021 which comprises the Statement of Financial Position and the related notes 1 to 7 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Oakwood Media Holdco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakwood Media Holdco Limited. You consider that Oakwood Media Holdco Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakwood Media Holdco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Oakwood Media Holdco Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Oakwood Media Holdco Limited and state those matters that we have agreed to state to the Board of Directors of Oakwood Media Holdco Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakwood Media Holdco Limited and its Board of Directors as a body for our work or for this report.

Bishop Fleming LLP
Chartered Accountants

10 Temple Back
Bristol
BS1 6FL

20 October 2021

		2021		2020
	Note	£		£
Fixed assets
Investments	3	706,823		706,823
		706,823		706,823
Creditors
Amounts falling due within one year	4	( 389,778)		( 412,142)
Net current liabilities		(389,778)		(412,142)
Total assets less current liabilities		317,045		294,681
Creditors
Amounts falling due after more than one year	5	( 18,335)		( 18,335)
Net assets		298,710		276,346
Capital and reserves
Called-up share capital	6	202,359		202,417
Capital redemption reserve		73,134		73,076
Profit and loss account		23,217		853
Total shareholders' funds		298,710		276,346

For the financial year ending 30 April 2021 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Oakwood Media Holdco Limited (registered number: 08091877) were approved and authorised for issue by the Board of Directors on 20 October 2021. They were signed on its behalf by:

N D A Sims Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

Oakwood Media Holdco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming LLP, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Oakwood Media Holdco Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements.

The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors’ Report.

The Company's forecasts and projections, taking account of the continued possible impact of COVID-19 in trading performance, show that the company should be able to operate within the level of its current facilities.

Therefore, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2021		2020
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2021
	£
Cost
At 01 May 2020	706,823
At 30 April 2021	706,823
Carrying value at 30 April 2021	706,823
Carrying value at 30 April 2020	706,823

4. Creditors: amounts falling due within one year

	2021		2020
	£		£
Amounts owed to Group undertakings	389,778		412,142

5. Creditors: amounts falling due after more than one year

	2021		2020
	£		£
Other creditors	18,335		18,335

There are no amounts included above in respect of which any security has been given by the small entity.

The preference shares are entitled to a fixed dividend at 1.0% per annum. They are redeemable at par at any time at the option of the company.

6. Called-up share capital

	2021		2020
	£		£
Allotted, called-up and fully-paid
694 Ordinary shares of £ 1.00 each (2020: 752 shares of £ 1.00 each)	694		752
201,665 Preference non-redeemable shares of £ 1.00 each	201,665		201,665
	202,359		202,417

During the year the company bought back and cancelled 58 Ordinary shares.

7. Related party transactions

During the year the directors received dividends totalling £209,700 (2020: £152,200).

The company has taken advantage of the exemption in Section 1AC.35 of FRS 102 and not disclosed related party transactions with companies within the group.