Oakvale Capital Advisory Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09705944 (England and Wales)

Oakvale Capital Advisory Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D P Burns

J N Mendelsohn

Registered office:

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Registered number:

09705944 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investments

4

2,000

2,000

Current assets

Cash at bank and in hand

518,651

518,994

Creditors

Amounts falling due within one year

5

717,240

578,534

Net current liabilities

(198,589

)

(59,540

)

Total assets less current liabilities

(196,589

)

(57,540

)

Capital and reserves

Called up share capital

6

1

1

Retained earnings

7

(196,590

)

(57,541

)

Shareholders' funds

(196,589

)

(57,540

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 6 July 2023 and were signed on its behalf by:

D P Burns - Director

1.	Statutory information

Oakvale Capital Advisory Ltd 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Going concern

At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have confirmed continued support of the company and the accounts have been prepared on a going concern basis.

3.	Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2022

and 31 December 2022

2,000

Net book value

At 31 December 2022

2,000

At 31 December 2021

2,000

5.

Creditors: amounts falling due within one year

2022

2021

£

£

Amounts owed to group undertakings

577,840

519,500

Taxation and social security

137,400

57,034

Other creditors

2,000

2,000

717,240

578,534

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary share capital

£1

1

1

7.

Reserves

Retained

earnings

£

At 1 January 2022

(57,541

)

Profit for the year

585,951

Dividends

(725,000

)

At 31 December 2022

(196,590

)

8.	Investment

The company owns 2000 shares of £1 each being 100% of the issued share capital of Cusp Games Ltd, incorporated in the Isle of Man.