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Registration number: 01567156

Oxley Forster Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Oxley Forster Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Oxley Forster Holdings Limited

Company Information

Directors

Mr Michael Keech

Mrs Kathryn Ann Shoesmith

Registered office

Unit 3 Foundry Place
Old Tiffield Road
Towcester
Northamptonshire
NN12 6FP

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Oxley Forster Holdings Limited

(Registration number: 01567156)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,138

-

Investments

5

2,002

2,002

 

3,140

2,002

Current assets

 

Debtors

6

1,147,215

597,586

Cash at bank and in hand

 

659

659

 

1,147,874

598,245

Creditors: Amounts falling due within one year

7

(56,504)

(432)

Net current assets

 

1,091,370

597,813

Net assets

 

1,094,510

599,815

Capital and reserves

 

Called up share capital

1,420

1,420

Capital redemption reserve

480

480

Retained earnings

1,092,610

597,915

Shareholders' funds

 

1,094,510

599,815

For the financial year ending 30 June 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 October 2023 and signed on its behalf by:
 

 

Oxley Forster Holdings Limited

(Registration number: 01567156)
Balance Sheet as at 30 June 2023

.........................................
Mr Michael Keech
Director

.........................................
Mrs Kathryn Ann Shoesmith
Director

 

Oxley Forster Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 3 Foundry Place
Old Tiffield Road
Towcester
Northamptonshire
NN12 6FP
England

These financial statements were authorised for issue by the Board on 16 October 2023.

The company registration number is 01567156

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Oxley Forster Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Oxley Forster Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Oxley Forster Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,138

1,138

At 30 June 2023

1,138

1,138

Depreciation

Carrying amount

At 30 June 2023

1,138

1,138

5

Investments

2023
£

2022
£

Investments in subsidiaries

2,002

2,002

Subsidiaries

£

Cost or valuation

At 1 July 2022

2,002

Provision

Carrying amount

At 30 June 2023

2,002

At 30 June 2022

2,002

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

1,009,982

460,353

Other debtors

 

137,233

137,233

7

Creditors

Creditors: amounts falling due within one year

 

Oxley Forster Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

2023
£

2022
£

Due within one year

Accruals and deferred income

56,504

432

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1,420

1,420

1,420

1,420