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REGISTERED NUMBER: 09677240 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

S P L (OXFORD) LIMITED

S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P L (OXFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: S C S Lewis
L Lewis Rippington
P Lewis Rippington





REGISTERED OFFICE: Brook House
39 North Hinksey Village
Oxford
Oxfordshire
OX2 0NA





REGISTERED NUMBER: 09677240 (England and Wales)





ACCOUNTANTS: J A Muncey FCCA
31 Astrop Road
Middleton Cheney
Banbury
Oxfordshire
OX17 2PQ

S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 807,931 760,431
Investments 5 150,750 150,750
958,681 911,181

CURRENT ASSETS
Cash at bank 7,862 12,281

CREDITORS
Amounts falling due within one year 6 638,710 258,961
NET CURRENT LIABILITIES (630,848 ) (246,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES 327,833 664,501

CREDITORS
Amounts falling due after more than one year 7 (2,771 ) (395,176 )

PROVISIONS FOR LIABILITIES (50,772 ) (29,604 )
NET ASSETS 274,290 239,721

CAPITAL AND RESERVES
Called up share capital 10 550 550
Revaluation reserve 11 221,014 171,014
Retained earnings 11 52,726 68,157
SHAREHOLDERS' FUNDS 274,290 239,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 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.

S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)

BALANCE SHEET - continued
31ST JULY 2023


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 6th February 2024 and were signed on its behalf by:





S C S Lewis - Director


S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

S P L (Oxford) 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.

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


The company trades from 9 Wrightson Close, Oxford. OX33 1RR.

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 as modified by the revaluation of certain assets.

Turnover
Income represents amounts received for the hire of the property and related facilities and is recognised in the period that the hire takes place. Any deposits received in advance of a booking are held until the hire takes place.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on cost

The directors have adopted a policy of revaluing fixed assets to their fair value at regular intervals where there has been a material change in the market value. The directors will review the valuations on an annual basis and will seek professional valuation where appropriate.

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.

Deferred tax provision includes the potential capital gains tax payable based on the current market value of the freehold property, estimated at £49,529.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st August 2022 750,000 26,600 776,600
Revaluations 50,000 - 50,000
At 31st July 2023 800,000 26,600 826,600
DEPRECIATION
At 1st August 2022 - 16,169 16,169
Charge for year - 2,500 2,500
At 31st July 2023 - 18,669 18,669
NET BOOK VALUE
At 31st July 2023 800,000 7,931 807,931
At 31st July 2022 750,000 10,431 760,431

Cost or valuation at 31st July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 800,000 26,600 826,600

If freehold land and building had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 552,678 552,678
Aggregate depreciation 26,528 23,212

Value of land in freehold land and buildings 386,874 386,874

Freehold land and building was valued on an open market basis on 31st July 2023 by the directors .

5. FIXED ASSET INVESTMENTS

The company has a 50% share in Bayworth Limited. The results for Bayworth Limited for the year ended 30th April 2023 showed a profit of £115,689 (2022 £44,528) with capital and reserves amounting to £429,951 (2022 £333,303)

S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 391,402 1,367
Trade creditors 2,051 2,051
Tax 5,426 3,647
Directors' loan accounts 235,394 249,064
Accrued expenses 4,437 2,832
638,710 258,961

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 2,771 395,176

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 391,402 1,367

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,437 392,391

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,334 2,785

9. SECURED DEBTS

Handelsbanken hold a charge dated 3rd April 2018 over freehold property owned by the company. The loan outstanding at the year end amounted to £390,000.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 A Ordinary 1 150 150
400 B Ordinary 1 400 400
550 550

S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st August 2022 68,157 171,014 239,171
Deficit for the year (15,431 ) (15,431 )
Revaluation freehold land and
buildings - 50,000 50,000
At 31st July 2023 52,726 221,014 273,740

12. RELATED PARTY DISCLOSURES

At the balance sheet date the directors were owed by the company £235,394 They have indicated that they will not request repayment of this amount until the cash flow of the company allows.

13. ULTIMATE CONTROLLING PARTY

The controlling party is S C S Lewis.