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REGISTERED NUMBER: 02863284 (England and Wales)















Financial Statements For The Year Ended 31st December 2023

for

Oxlea Investments Ltd

Oxlea Investments Ltd (Registered number: 02863284)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oxlea Investments Ltd

Company Information
For The Year Ended 31st December 2023







DIRECTORS: S Hetherington
N Huelin





REGISTERED OFFICE: 146a Bellegrove Road
Welling
Kent
DA16 3QR





REGISTERED NUMBER: 02863284 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5BE

Oxlea Investments Ltd (Registered number: 02863284)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 323,812 285,581
Cash at bank 137,177 153,309
460,989 438,890
CREDITORS
Amounts falling due within one year 7 58,464 45,744
NET CURRENT ASSETS 402,525 393,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,525

393,146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,425 393,046
SHAREHOLDERS' FUNDS 402,525 393,146

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

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

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 13th March 2024 and were signed on its behalf by:





S Hetherington - Director


Oxlea Investments Ltd (Registered number: 02863284)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

Oxlea Investments 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Oxlea Investments Ltd (Registered number: 02863284)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Client monies
The company receives monies on behalf of the insurers. The monies held in client bank accounts and the corresponding monies due to the insurers are not reflected in these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 64,903
AMORTISATION
At 1st January 2023
and 31st December 2023 64,903
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 8,485 99,121 107,606
DEPRECIATION
At 1st January 2023
and 31st December 2023 8,485 99,121 107,606
NET BOOK VALUE
At 31st December 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 323,812 285,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 56,536 39,323
Other creditors 1,928 6,421
58,464 45,744

Oxlea Investments Ltd (Registered number: 02863284)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

8. RELATED PARTY DISCLOSURES

Mr S Hetherington is a director and shareholder of Oxlea Property Company Ltd. At 31 December 2023 Oxlea Property Company Ltd owed £295,011 to the company.