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Oxon Portfolio Management Limited
Filleted accounts
31 December 2023
Company registration number: 14531503
Oxon Portfolio Management Limited
Directors and other information
Directors J Gebbels
G Thomas
Company number 14531503
Registered office The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Oxon Portfolio Management Limited
Balance sheet
31st December 2023
31/12/23
Note £ £
Fixed assets
Tangible assets 5 640
_______
640
Current assets
Debtors 6 115
Cash at bank and in hand 11,445
_______
11,560
Creditors: amounts falling due
within one year 7 ( 7,865)
_______
Net current assets 3,695
_______
Net assets 4,335
_______
Capital and reserves
Called up share capital 8 2
Profit and loss account 4,333
_______
Shareholders funds 4,335
_______
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
J Gebbels
Director
Company registration number: 14531503
Oxon Portfolio Management Limited
Notes to the financial statements
Period ended 31st December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. The company was incorporated on 9th December 2022 and its principal activity during the period was the management of real estate .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment - Straight line basis over 3 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 9th December 2022 - -
Additions 887 887
_______ _______
At 31st December 2023 887 887
_______ _______
Depreciation
At 9th December 2022 - -
Charge for the year 247 247
_______ _______
At 31st December 2023 247 247
_______ _______
Carrying amount
At 31st December 2023 640 640
_______ _______
6. Debtors
31/12/23
£
Trade debtors 115
_______
7. Creditors: amounts falling due within one year
31/12/23
£
Social security and other taxes 2,747
Other creditors 5,118
_______
7,865
_______
8. Called up share capital
Issued, called up and fully paid
31/12/23
No £
Ordinary shares of £ 1.00 each 2 2
_______ _______