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REGISTERED NUMBER: 08730143 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

OXFORDSHIRE ESTATES LIMITED

OXFORDSHIRE ESTATES LIMITED (REGISTERED NUMBER: 08730143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


OXFORDSHIRE ESTATES LIMITED (REGISTERED NUMBER: 08730143)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 34,193 20,783

Current assets
Stocks 920,443 904,151
Debtors 5 75,847 18,479
Cash at bank 29,284 5,688
1,025,574 928,318
Creditors
Amounts falling due within one year 6 994,861 914,355
Net current assets 30,713 13,963
Total assets less current liabilities 64,906 34,746

Provisions for liabilities 8 3,656 -
Net assets 61,250 34,746

Capital and reserves
Called up share capital 9 100 100
Retained earnings 61,150 34,646
Shareholders' funds 61,250 34,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr D Dryden - Director


OXFORDSHIRE ESTATES LIMITED (REGISTERED NUMBER: 08730143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. Statutory information

Oxfordshire Estates Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08730143. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is The Cube, Hangar 14, Oxford Airport, Kidlington, Oxfordshire, OX5 1QX.

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 represents income receivable from consultancy, property development and farming activities net of VAT.

Turnover from land and property in respect of the total proceeds of building and development is recognised at legal completion and represents the amounts receivable for the property, net of discounts and VAT.

Turnover from services and general maintenance work is recognised when the service has been performed and represents amounts receivable net of discounts and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Livestock is valued at fair value less direct costs of disposition.

Work In Progress is valued at the lower of cost and net realisable value and represents land held for development including land in the course of development which until legal completion for the sale of the asset is recorded at cost. Cost comprises direct costs including, where applicable, direct labour costs and overheads, not including any general administrative overheads, that have been incurred in bringing the asset to the condition and location as recorded at the balance sheet date.

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 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.

OXFORDSHIRE ESTATES LIMITED (REGISTERED NUMBER: 08730143)

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


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 November 2022 11,601 57,046 36,493 2,147 107,287
Additions 12,183 7,699 - - 19,882
At 31 October 2023 23,784 64,745 36,493 2,147 127,169
Depreciation
At 1 November 2022 7,062 47,297 29,998 2,147 86,504
Charge for year 1,769 3,079 1,624 - 6,472
At 31 October 2023 8,831 50,376 31,622 2,147 92,976
Net book value
At 31 October 2023 14,953 14,369 4,871 - 34,193
At 31 October 2022 4,539 9,749 6,495 - 20,783

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 63,463 579
Amounts owed by group undertakings 95 -
Other debtors 10,000 10,000
Prepayments and accrued income 2,289 7,900
75,847 18,479

OXFORDSHIRE ESTATES LIMITED (REGISTERED NUMBER: 08730143)

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


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 63,734 12,575
Amounts owed to group undertakings 2,201 -
Amounts owed to associates 783,532 804,413
Tax 1,085 -
VAT 4,183 3,020
Directors' current accounts 134,497 87,528
Accruals and deferred income 5,629 6,819
994,861 914,355

7. Secured debts

Any amounts owed to the company bankers, Coutts & Co, are secured by way of a fixed and floating charge dated 9 May 2018, over the company assets. No amounts were owed at the balance sheet date.

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 3,656 -

Deferred
tax
£   
Charge to Income statement during year 3,656
Balance at 31 October 2023 3,656

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

10. Ultimate controlling party

The company is controlled by the director, Mr D Dryden, by virtue of his 100% ownership of the share capital of DACG Ltd which, in turn, owns 75% of the issued share capital of the company.