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REGISTERED NUMBER: 01930983 (England and Wales)















Audited Financial Statements

for the Year Ended 31 October 2023

for

OXFORD PARKLANDS LIMITED

OXFORD PARKLANDS LIMITED (REGISTERED NUMBER: 01930983)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OXFORD PARKLANDS LIMITED

Company Information
for the year ended 31 October 2023







Directors: J Ede
S D Ingledew
D R C Ede
T Ede





Registered office: Park House
Station Lane
Witney
Oxfordshire
OX28 4LH





Registered number: 01930983 (England and Wales)





Independent auditors: Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

OXFORD PARKLANDS LIMITED (REGISTERED NUMBER: 01930983)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 6,479,600 6,235,000

Current assets
Stocks 90,000 90,000
Debtors 5 1,679,575 994,158
Cash at bank 79,778 150,969
1,849,353 1,235,127
Creditors
Amounts falling due within one year 6 310,033 166,975
Net current assets 1,539,320 1,068,152
Total assets less current liabilities 8,018,920 7,303,152

Provisions for liabilities 206,024 44,874
Net assets 7,812,896 7,258,278

Capital and reserves
Called up share capital 7 540 540
Capital redemption reserve 8 60 60
Fair value reserve 8 2,197,271 1,911,821
Retained earnings 8 5,615,025 5,345,857
Shareholders' funds 7,812,896 7,258,278

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 26 July 2024 and were signed on its behalf by:





D R C Ede - Director


OXFORD PARKLANDS LIMITED (REGISTERED NUMBER: 01930983)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Oxford Parklands 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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

Sales of land and buildings are accounted for on completion.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

OXFORD PARKLANDS LIMITED (REGISTERED NUMBER: 01930983)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued

Going concern
In view of the continued financial support from the parent company, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Purchase of land and buildings
Purchases of land and buildings are accounted for on completion.

3. Employees and directors

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

4. Investment property
Total
£
Fair value
At 1 November 2022 6,235,000
Disposals (400,000 )
Revaluations 644,600
At 31 October 2023 6,479,600
Net book value
At 31 October 2023 6,479,600
At 31 October 2022 6,235,000

Investment property consists of freehold property valued by the directors at £6,454,600 (2022 - £6,210,000) and leasehold property valued by the directors at £25,000 (2022 - £25,000.)

The original cost of the freehold property was £4,036,805 (2022 - £4,238,805) and the leasehold property £24,500 (2022 - £24,500.)

The directors are of the opinion that the properties are stated at their open market value at 31 October 2023.

Fair value at 31 October 2023 is represented by:
£
Valuation in 1985 1,586,550
Valuation in 2021 115,000
Valuation in 2022 270,145
Valuation in 2023 446,600
Cost 4,061,305
6,479,600

OXFORD PARKLANDS LIMITED (REGISTERED NUMBER: 01930983)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 27,346 97,157
Amounts owed by group undertakings 1,363,513 568,438
Other debtors 288,716 328,563
1,679,575 994,158

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 28,947 -
Taxation and social security 197,883 67,614
Other creditors 83,203 99,361
310,033 166,975

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
540 A ordinary shares £1 540 540

8. Reserves
Capital
Retained redemption Fair value
earnings reserve reserve Totals
£ £ £ £

At 1 November 2022 5,345,857 60 1,911,821 7,257,738
Profit for the year 913,768 913,768
Reserve transfer (644,600 ) - 285,450 (359,150 )
At 31 October 2023 5,615,025 60 2,197,271 7,812,356

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

George Style ACA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

OXFORD PARKLANDS LIMITED (REGISTERED NUMBER: 01930983)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£ £
D R C Ede
Balance outstanding at start of year 129,038 104,098
Amounts advanced 46,707 42,979
Amounts repaid (87,433 ) (18,039 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,312 129,038

T Ede
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000

11. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. Ultimate controlling party

The company is a wholly owned subsidiary of Ede Holdings Limited, a company incorporated in England and Wales, whose registered office is Park House, Station Lane, Witney, Oxfordshire, OX28 4LH. Copies of Ede Holdings Limited group financial statements are available on the Companies House website