Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3112022-05-23truefalsetrue 14124153 2022-05-22 14124153 2022-05-23 2023-05-31 14124153 2021-05-23 2022-05-22 14124153 2023-05-31 14124153 c:Director1 2022-05-23 2023-05-31 14124153 d:CurrentFinancialInstruments 2023-05-31 14124153 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14124153 d:ShareCapital 2023-05-31 14124153 c:EntityHasNeverTraded 2022-05-23 2023-05-31 14124153 c:FRS102 2022-05-23 2023-05-31 14124153 c:AuditExempt-NoAccountantsReport 2022-05-23 2023-05-31 14124153 c:FullAccounts 2022-05-23 2023-05-31 14124153 c:PrivateLimitedCompanyLtd 2022-05-23 2023-05-31 14124153 6 2022-05-23 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 14124153










OXFORD OPTRONIX HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED MAY 31, 2023

 
OXFORD OPTRONIX HOLDINGS LIMITED
REGISTERED NUMBER: 14124153

BALANCE SHEET
AS AT MAY 31, 2023

2023
Note
£

Fixed assets
  

Investments
 3 
1,850

  
1,850

Current assets
  

Debtors: amounts falling due within one year
  
1,850

  
1,850

Creditors: amounts falling due within one year
 5 
(1,850)

Net current assets
  
 
 
-

Total assets less current liabilities
  
1,850

  

Net assets
  
1,850


Capital and reserves
  

Called up share capital 
  
1,850

  
1,850


Page 1

 
OXFORD OPTRONIX HOLDINGS LIMITED
REGISTERED NUMBER: 14124153
    
BALANCE SHEET (CONTINUED)
AS AT MAY 31, 2023

For the period ended May 31, 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A OBeid
Director

Date: February 22, 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OXFORD OPTRONIX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED MAY 31, 2023

1.


General information

Oxford Optronix Holdings Limited is a private company limited by shares, incorporated on 23 May 2023 in the United Kingdom, whose principle place of business is 9&10 Somerville Court, Banbury Business Park, Adderbury, Banbury, Oxon, OX17 3SN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less
Page 3

 
OXFORD OPTRONIX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED MAY 31, 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Page 4

 
OXFORD OPTRONIX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED MAY 31, 2023

3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1,850



At May 31, 2023
1,850





4.


Debtors

2023
£


Other debtors
1,850

1,850



5.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
1,850

1,850



6.


Related party transactions

The company maintains balances with it's subsidiary companies and those under common control. Balance as at 31st May 2023 are detailed below:


2023
£

Amounts owed by Oxford Optronix Limited & Oxford Optronix Property Limited
1,850
1,850

Page 5

 
OXFORD OPTRONIX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED MAY 31, 2023

7.


Controlling party

The ultimate controlling party of the company was A Obeid for the duration of the period.

Page 6