Company Registration No. 06271072 (England and Wales)
OAK TREE STRUCTURED FINANCE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
OAK TREE STRUCTURED FINANCE LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
OAK TREE STRUCTURED FINANCE LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OAK TREE STRUCTURED FINANCE LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In accordance with the engagement letter dated 18 June 2014, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Oak Tree Structured Finance Limited for the year ended 31 March 2016, set out on pages 3 to 11 from the accounting records and information and explanations you have given to us.
This report is made solely to the Board of Directors of Oak Tree Structured Finance Limited, as a body, in accordance with the terms of our engagement letter dated 18 June 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Oak Tree Structured Finance Limited and state those matters that we have agreed to state to the Board of Directors of Oak Tree Structured Finance 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 Oak Tree Structured Finance Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Oak Tree Structured Finance 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 Oak Tree Structured Finance Limited. You consider that Oak Tree Structured Finance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Oak Tree Structured Finance 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.
Jackson Calvert
4 October 2016
Chartered Accountants
Bennett Corner House
33 Coleshill Street
Sutton Coldfield
West Midlands
B72 1SD
OAK TREE STRUCTURED FINANCE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
20,000
40,000
Tangible assets
2
24,692
43,846
44,692
83,846
Current assets
Debtors
154,888
181,729
Cash at bank and in hand
53,845
30,501
208,733
212,230
Creditors: amounts falling due within one year
(172,065)
(125,086)
Net current assets
36,668
87,144
Total assets less current liabilities
81,360
170,990
Creditors: amounts falling due after more than one year
(10,756)
(32,255)
Provisions for liabilities
(4,696)
(8,475)
65,908
130,260
Capital and reserves
Called up share capital
3
50,000
50,000
Profit and loss account
15,908
80,260
Shareholders' funds
65,908
130,260
OAK TREE STRUCTURED FINANCE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 3 -
For the financial year ended 31 March 2016 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 year 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 October 2016
Mr S K Crisp-Jones
Director
Company Registration No. 06271072
OAK TREE STRUCTURED FINANCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
200,000
94,316
294,316
Additions
-
904
904
Disposals
-
(41,647)
(41,647)
At 31 March 2016
200,000
53,573
253,573
Depreciation
At 1 April 2015
160,000
50,470
210,470
On disposals
-
(32,784)
(32,784)
Charge for the year
20,000
11,195
31,195
At 31 March 2016
180,000
28,881
208,881
Net book value
At 31 March 2016
20,000
24,692
44,692
At 31 March 2015
40,000
43,846
83,846
OAK TREE STRUCTURED FINANCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50,000 Ordinary shares of £1 each
50,000
50,000
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr S K Crisp-Jones -
-
181,009
219,966
-
256,958
144,017
181,009
219,966
-
256,958
144,017
2016-03-31
2015-04-01
false
true
true
true
true
true
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