Oakvale Ventures Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13703293 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 25 OCTOBER 2021 TO 31 OCTOBER 2022

FOR

Oakvale Ventures Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D P Burns

M Z Juroszek

S A P Loudon

REGISTERED OFFICE:

The Brentano Suite 720 Centennial Avenue

Elstree

Borehamwood

WD6 3SY

REGISTERED NUMBER:

13703293 (England and Wales)

FIXED ASSETS

Investments

5

3,509,099

CURRENT ASSETS

Debtors

6

3

Cash at bank

525,608

525,611

NET CURRENT ASSETS

525,611

TOTAL ASSETS LESS CURRENT LIABILITIES

4,034,710

CREDITORS

Amounts falling due after more than one year

7

4,148,786

NET LIABILITIES

(114,076

)

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

(114,079

)

(114,076

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 19 October 2023 and were signed on its behalf by:

D P Burns - Director

1.	STATUTORY INFORMATION

Oakvale Ventures 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.	GOING CONCERN

At the balance sheet date, the company had net liabilities of £114,079. At the balance sheet date, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£).

Taxation

Taxation for the period 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 period 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.

Investments

Investments are held under the Fair Value through the Profit and Loss account.

Investments are initially recognised at transaction price excluding any incidental transaction costs.

Investments are revalued to their Fair Value at the end of the period, where possible. If a reliable measure of Fair Value is not available (for example, equity instruments not listed on an exchange) the carrying value of the investment in question is deemed to be equal to the cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

3,509,099

At 31 October 2022

3,509,099

NET BOOK VALUE

At 31 October 2022

3,509,099

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

3

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Amounts owed to participating interests

4,096,112

Other creditors

52,674

4,148,786

8.	RELATED PARTY DISCLOSURES

During the year, amounts totalling £4,096,112 were received from the three participating interest holders.

At the end of the period, the closing balance on outstanding loans from the three participating interest holders totalled £4,096,112.