Oaklands Group Holdings Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12283807 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

OAKLANDS GROUP HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Tudor

REGISTERED OFFICE:

Unit 64

Station Road

Coleshill

Birmingham

West Midlands

B46 1HT

REGISTERED NUMBER:

12283807 (England and Wales)

AUDITORS:

SFB Group Limited

Chartered Accountants

Statutory Auditor

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Investments

4

2,070,287

2,070,287

CURRENT ASSETS

Debtors

5

766,407

766,409

Cash at bank

3,972

3,477

770,379

769,886

CREDITORS

Amounts falling due within one year

6

2,636,645

1,917,647

NET CURRENT LIABILITIES

(1,866,266

)

(1,147,761

)

TOTAL ASSETS LESS CURRENT LIABILITIES

204,021

922,526

CREDITORS

Amounts falling due after more than one year

7

-

700,276

NET ASSETS

204,021

222,250

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

203,021

221,250

SHAREHOLDERS' FUNDS

204,021

222,250

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 director and authorised for issue on 20 February 2024 and were signed by:

K Tudor - Director

1.	STATUTORY INFORMATION

Oaklands Group Holdings 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.

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

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.

Preparation of consolidated financial statements

The financial statements contain information about Oaklands Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, T3i Holdings Ltd, United Kingdom.

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.

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 (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2022

and 31 May 2023

2,070,287

NET BOOK VALUE

At 31 May 2023

2,070,287

At 31 May 2022

2,070,287

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

766,407

766,409

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

471,899

Amounts owed to group undertakings

2,636,645

1,433,102

Taxation and social security

-

12,646

2,636,645

1,917,647

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

-

700,276

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Paul Carvell BFP FCA (Senior Statutory Auditor)

for and on behalf of SFB Group Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 33.1A of the requirement to disclose transaction between it and other wholly owned subsidiaries of T3i Holdings Ltd.

10.	ULTIMATE CONTROLLING PARTY

On 12 July 2022 a takeover acquisition of Oaklands Group Holdings Ltd was completed by T3i Holdings Ltd and therefore the ultimate parent company is T3i Holdings Ltd.